In order to boost Ontology ecosystem, lets implement $WING farming option with ONG tokens. Ontology community seek an usecase of ONG tokens since day 1, for example staking ONG. Basicaly it works the way you stake ONT tokens, get ONG as rewards, but than there is no other significant usage of ONGs, instead of transaction fees, so usually those ONGs goes straight to the market to either sell for ONT or other coins.
If we add value to ONG the way we implement its staking to farm $wing, that should lead to less ONG heading to the market over time, which may have positive impact on price of ONG. If ONG value rise higher, automatically node staking rewards are also higher. That can of course attract more users to staking, which again increases demand for ONT tokens.
How to do it ? We could implement it as normal asset, with lend, borrow and insurance pools, but also and what I see much more interesting and significant, as ONG is in my opinion very special due to it is fuel of entire ecosystem, we could create special place for it. My vision is as follows:
Add ONG staking feature at Wing platform, where users can lock the tokens for specified period of time, which could be very similar to node staking, or also guided by consensus rounds duration. So lets say its consensus round 55, you decide that you want to stake your ONG tokens to farm $WING, so you submit transaction, and your stake will be activated with start of round 56. If you decide to unstake, it will get unlocked by the end of the round when you decided to stake. There could also be some minimal and maximal staking periods specified, in case the round takes too long or too short time.
Where to get $WING tokens ? If current distribution curve is set to 0.06 wing/s, we could decide to allocate 0.01 of it to ONG staking rewards, or other option is to increase it to 0.07 and take 0.01 allocation of that, than it would not influence current wing APY rates for other assets. I believe there may be also other options, so lets discuss.
Lets also discuss what do you think about it guys, I believe, that if we want to achieve positive value development of ONT tokens (which automatically increases interest of wider audience, so more people come, research, invest, build…), we need to think more about ONG usability.