A heated discussion was started yesterday on the PowerPool discord server. A user called smph found a very important term in the Falcon X proposal:
The loan will be returned in 1 year, in March 2022 in CVP tokens or in DAI/USDT/USDC equivalent based on the price at the moment of transferring 2m CVP to FalconX.
As @vasilysumanov commented on Discord, the payment hasn’t been made yet. I believe we need to change the contract.
At the same time, @Sergey raised a valid point that FalconX is more known as a great OTC broker, but not Market-Maker, so maybe we need to consider changing the MM altogether.
I support this proposal, but, are there any other candidates for MM?
I support this move, we definitely need to either change terms or change the MM. Plz share MMs you know who can be a good candidate for PowerPool.
Here is a new proposal from Wintermute. Terms are much more attractive than FalconX offered:
we need to issue a proposal to cancel the FalconX partnership if Wintermute’s proposal is accepted. Not only the terms are better, but the MM itself is better
Thanks man, shared my thoughts in your thread.