I think our focus on stablecoins (especially USDC) is a smart strategy. However, I think we should also keep in mind the current market conditions which we could use to our advantage to increase TVL.
I’m of the opinion that the market is still bullish and ETH has much room to grow. In the long-term, I am absolutely sure of this. Now, we should really think about the fact that many large entities see holding stablecoin in PoolTogether during a bull market as a serious opportunity cost. Frankly, I’ve heard this a lot from people and one of the major reasons they don’t deposit into PoolTogether.
I suggest we have an official ETH pool with AAVE as a yield source. I know we have had one in the past (maybe it’s still there as a community pool?), but it’s always been very small. An ETH pool would be incredibly popular if the market continues to be bullish, because large entities would benefit both from the upside of ETH and they would have a chance to win.
I would also suggest not only having an ETH pool, but also an official WBTC pool.
The stablecoin pools are, of course, still central to the PoolTogether strategy and we should keep growing them. They are the long-term vision. But because we are in a bullish market and there is opportunity costs abound, having an ETH (or even WBTC) pool would attract larger depositors who want to capture the upside of these assets & also win prizes.
I think this is a win-win to use and we should really use the market conditions to our advantage and grow the TVL this way. The stablecoin-only strategy is best for sideways or bearish markets when people are not risk-on.