SolanaSail Has Collaborated With PenguinFinance
SolanaSail has collaborated with PenguinFinance to Collect the Protocol Owned Liquidity Treasure
Both team will work together on a treasury asset management solution that is better suited to DAO as a result of the collaboration. They intend to offer bonding/staking to more DAOs in the future since it is an excellent token emission mechanism for maintaining long-term consistent liquidity and a healthy token price.
SolanaSail’s SAIL token is the first community SPL token built on Solana that has been entirely distributed at random. Instead of doing an airdrop by releasing a portion of the supply and keeping the remainder for various purposes, the whole supply of SAIL tokens has been released to the community for free.
The SolanaSail ecosystem token is gSAIL, which will be available on the four platforms Governance, Vaults, DeFi, and NFTs Marketplace. Along with bonding, the gSAIL staking feature will be accessible on Penguin. The community will be able to stake gSAIL and get gSAIL rewards.
The next step will be to further discuss with DAO members the parameter settings for bonding/staking and, once determined, to initiate a proposal. Bonding/Staking will be formally started on https://app.png.fi/bond as soon as the proposal is accepted!
About SolanaSail
Solana Sail is the fastest and most scalable digital asset, enabling real-time global payments, Decentralized Finance, Governance, Vaults and NFT marketplace anywhere in the world.
About PenguinFinance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking. A protocol can utilize the bonding service to acquire liquidity instead of renting it. Protocol-owned liquidity can help a protocol survive in the long run by staying with it during a downturn. Instead of fostering short-term involvement, token vesting will allow protocols to match their incentives and communities with their long-term goals.
