Hi all
Very similar views to a lot of the posts already made on this topic but thoughts as follows:
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Would you like to see a single-sided MC staking pool next to the LP pool?
Yes happy to keep a single sided MC staking pool but the weights should be similar to the current 20/80 split with the LP pair. -
What asset would you prefer as an LP pairing asset next to MC; ETH, WBTC, USDC or something else?
I do understand the original reasoning for chosing ETH over USDC but I think the last 6 months have shown that we end up trading as a higher Beta ETH, which clearly has not been a good thing with the market conditions since November. The reverse of this is that if we do go through another positive price movement with ETH then we should also perform well. However, I would prefer to see USDC as the LP pair, it will be interesting to see the performance of MC when we are not tied to ETH.
I appreciate that inflation is high at the moment and this will reduce the value of USDC but we can always move back to ETH again in the future. Also, I don’t think you can compare ETH as a store of value, it is quite clearly a high beta asset.
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What weights should the LP pool have?
As above, 80/20 -
What is the preferred platform for LP tokens? (currently uniswap v2 50/50 LP tokens)
Current platform works well. -
How long would you want the locking periods to be?
12 months -
What % of DAO revenue should go to staking rewards? (currently everything used to build treasury, re-invest and buy back and burn $MC)
Does a percentage of the revenue need to be used for staking rewards? Not something that can be answered without further information being provided. -
Should the DAO, outside of locked MC, also distribute ETH, WTBC or USDC from revenue to stakers with longer locks?
I would prefer the DAO retain revenue and use it to continue to grow the treasury. Maybe in future this could be an option but I still think it is too early for the DAO to go down this route at the moment. -
How long should staking rewards be locked for?
12 months - like the current system
I think it is important to ensure that current LP stakers who are locked for 12 months are not disadvantaged if we move from ETH to USDC.
Thank you to the core contributors for raising this topic and I look forward to a few of the points going to a vote.