Okay, I’ve read through this 3 times and thought about this for a few days.
Overall, I’m mostly aligned with @RegisIsland:
- We definitely don’t want to reduce USDC pool, I agree this is the flagship
- Not totally for the DAI drip decrease due to bias and for what drcpu said, but I am intrigued by experimenting with pPOOL drip to such a large pool
- I think pPOOL drip across the board is a terrible idea as well for the reasons outlined by RegisIsland.
Some of my own thoughts:
- An additional issue with pPOOL drip to everything, is that whales/farmers don’t regularly participate in governance. This would make reaching quorum increasingly more difficult as time goes on in the POOL pool
- According to Sybil if we look at wallets greater than 1,000 delegated (those I would consider significantly invested - admittedly arbitrary) and less than 100,000 (those that could pass/fail a proposal in one swoop) there’s only 182,811 POOL, some of these are regular voters, some are not. If we become dependent on regular governance we’ll be in a similar pickle - forced centralized voting as quorum from small holders cannot be reached and 100k votes cannot be passed by the delegates.
- We need to remember that the POOL pool drip of 200 is a trial, this may decrease in the future so we may have additional POOL to play with for drips in the future. Do with this what you want.
- The original POOL drip for the LPing was 300 in PTIP-10, as a community we decided to pump it up to 500 and potentially re-evaluate in the future. I think that time is now and lowering the UNI LP drip seems accidentally in the plan
- Sushi is already dripping SUSHI on the LPing, do we really need to add more to it? Uniswap seems to be the main location for our action so I think we should keep it all at Uniswap.
I’m not going to throw any other numbers in the mix, if it lands near what Regis outlined it has my votes. I think after this reallocation of drips occurs, we as a community should develop a more long-term adjustment cycle. Like Regis said we’re still the new kids on the block, we have to prove out the protocol and get to $1 billi TVL before we drop anything crazy.
@Hook I think another post is needed sometime in the near future to explore the idea of “participation mining”, this is exactly something PoolTogether needs and was an unspoken under-current for the Swim Teams that we couldn’t quite actualize. With how active our community is, this would really bring us all to the next level.