@Chuck and @McNut These are some of the things we are starting to work on internally. As mentioned in the [reWARDS] July ‘22 Budget we are beginning an update to provide better transparency from an accounting perspective with public access to the various addresses used for incentives by our partners as well as updating the KPIs for the committee.
Some initial modeling examples we are working on:
- Amount of trades / liquidations could absorb with X% price drop
- amount of liquidations required to push stETH price 0.5%, 1%, 3% lower
- Amount of ETH in pools, relative to stETH
- Trading volume
- Live dashboard
- Models with changing incentives amounts (stretch goal)
eth(or stables) tvl
I would welcome for either/both of you to submit a proposal if you can help with the workload or simply join the working group that is helping to build this out. We would love to solve all problems at once but we have to constantly prioritize and, every week there is another crisis in crypto so it is easier said than done. It is very easy to point out where we could improve process and we are painfully aware of most of them. The difficult part is getting extra hands to help with the lift.
- If we are overpaying for liquidity that would be amazing to reduce as a cost center.
- If we can come up with a clear strategy to convert LDO > stETH as the rewards currency, we need the operational framework for this.
- If LPs are interested in a ‘more stable’ but not fixed APR, what would that be? Can you introduce us to large LPs for customer development. Most are anonymous so this is tricky.