I am in support of this proposal. As others pointed out, it brings clear benefits in form of:
- Likely supporting the so far unsuccessful Olympus bond program
- Being a profitable use of treasury thanks to TRIBE rewards
- Supports liquidity of the POOL token (although with the drawback of higher swap costs as highlighted by @Torgin)
My biggest concerns are
- Audits: 2/3 are outdated, involving Code432n4 would provide way more comfort
- FEI peg: not knowledgable enough, but agree with @Torgin’s concerns. This can however be mitigated by not taking a too large amount
Our first attempt to own liquidity instead of renting it hasnt been successful yet. Supporting liquidity in the meantime through LaaS with a reasonable amount, taking the 3% fee into consideration, makes sense to me.
Special thanks to @BraveNewDeFi for the extremely helpful post.