Launch a boost for HNT-ORE?

Summary

Should ORE launch a boost for HNT-ORE liquidity?

Overview

Our primary strategic goal for ORE defi is to build up a deep liquidity network consisting of all real world assets on Solana. As the central hub of this network, ORE would reduce costs and minimize slippage for traders by increasing the depth and diversity of liquidity in the network. By focusing exclusively on real world assets such as tokenized commodities and DePIN credits, ORE would uniquely position itself as a competitive unit of account for assets representing real world value in the Solana defi ecosystem.

As a revolutionary new wireless networking protocol, Helium is one of the flagship DePIN projects on Solana and all of crypto. HNT (Helium Network Token) is the primary reward and governance token of the Helium network. It is used to reward hotspot operators who maintain network coverage, and spent by customers who connect devices and build IoT applications on the Helium network. With the passing of HIP-138, Helium is consolidating its network tokenomics around the HNT token, making it an ideal candidate for the next token in the ORE liquidity network.

With the passing of this proposal, we would introduce a new boost with the same multiplier value as the ORE-ISC liquidity pair. Specifically, the HNT-ORE boost would apply to kTokens representing shares in a Kamino vault managing a concentrated liquidity position on Orca. We would additionally commit to formalizing a 3-tier system for boosts multipliers. The first tier would apply to vanilla ORE stake. The second tier for critical liquidity pairs such as SOL-ORE and USDC-ORE. And a third tier for extended liquidity pairs such as ISC-ORE, HNT-ORE, and others. Future proposals to change boost multipliers would apply to a tier as a whole. This 3-tier system would simplify community proposals to manage boost multipliers in the future.