Really appreciate this SLURP—it tackles some of the core needs the protocol is facing around treasury management, liquidity, and institutional alignment. I wanted to offer a complementary (and possibly more lightweight) version of the same idea, framed around the concept of a ‘protocol-native “Priority Pass” marketplace for reSDL NFTs’.
Instead of building a separate bonding mechanism, we could surface and structure what’s already happening on-chain: the locking of SDL into reSDL. A ‘native reSDL marketplace’ on the Stake.link site—where time-locked governance positions are displayed as tradable NFTs—would directly address the same five goals you’ve outlined:
- Support DeFi LPs by enabling fee capture from every trade, which could be directed to LP bootstrapping.
- Acquire treasury assets (in stables, ETH, stLINK) without selling SDL on the market—buyers pay into the protocol for reSDL access.
- Distribute treasury in a permissionless but lock-aligned way, with only long-term participants acquiring discounted governance.
- Facilitate NOP selling by letting node operators list long-term positions at discounts, reaching real buyers rather than dumping into thin books.
- Abstract complexity for institutions by giving them a one-click, legally friendly route to staking priority and SDL governance access without swapping or staking.
Numbers not real
This model doesn’t require new bonding contracts, avoids emissions or vesting logic, and fits naturally with our current reSDL structure. And importantly, it creates a ‘one-stop-shop UX’ where users can instantly understand staking priority, APRs, lock durations, and governance power—something no external bonding contract or Uniswap market can provide.
Would love to hear thoughts on whether this could be a leaner first step toward achieving the same goals you laid out—maybe even a staging ground for a full POL model down the line.
Edit:
Inspiration for this post came from:
As it is clear, the learning curve for SDL mechanics are quite steep for the uninitiated. This is a monetizable way of onboarding new users.