Wow. That’s nice proposal.
Thank you that you describe the process behind this prop.
About value between PowerIndex and CVP - brilliant point.
I have several questions:
- In this statement do you mean linear vesting or full lock until 10 weeks pass?
I think linear vesting is more reasonable because we can blur sell pressure out.
- Don’t understand few points in “CVP circ” bar. At prop 6 was defined that we have: DAO Grants (7m CVP), Community Pool (4.5m CVP), First Governance Vote (3m CVP), Liquidity Mining Rewards (2m CVP a month for 12 months).
We can skip DAO grants because of 3 years lock, but where is Community Pool (additional rewards for PIPT pools) and First Governance Vote?
I agree that we don’t have CVP-stake function yet, but maybe you have some thoughts.
What do you think about Community Pool?
Defenition in prop 6:
Community Pool (4.5m CVP) – These will continue to stay the same until the PowerIndex is launched. Then the remaining CVP rewards will be redirected to incentivize a Uniswap pool for USDC/ PowerIndex LP shares (“PIPT”).
There is no clear meaning for what a community pool is. I have 2 guesses: it’s brand-new treasury for incentivizing people or whole farming bank which is active now in mining CVP.
Anyway, we have some CVPs (in best-case scenario 4.5m) to add in PIPT pools.
To sum up, it’s great and detailed proposal with nice explanations and motivation behind it. Love to read and educate myself through it.
It will be pleasure to make it better in community discussion.