For POOL holders, the pPOOL is quite popular. A large portion of the circulating supply is staked and it is the home for some 1900 unique depositors.
That being said the pPOOL has governance issues
- Not reaching quorum
- 200k POOL can cast weight of 1 million POOL
- 4 person multi-sig facilitates the vote
I think we all would like to see these conditions improved. Let’s fire up a thread on how to do so.
The other common issue I notice people attributing to the pPOOL is often referred to as “inflation”. In my opinion this sounds a lot bigger than it is. For perspective, let’s consider selling ALL of the rewards for one month, 6000 POOL. Doing so would currently result in a 4% price impact. Of course not everyone sells, and certainly not at once. It’s not much “inflation” in the grand scheme of things.
I think we all look forward to better governance mechanisms, and bigger use cases for the POOL token. But until we have those I believe it’s imperative to continue to support our long-term aligned participants as they have come to expect.