Hey Kiba, the most fundamental difficulty with this is that we have no way to attribute TVL in Cream to being a reason for people purchasing DPI. Cream doesn’t generate any profit for the Coop, the DPI being held there does, and it would just go elsewhere if that option wasn’t available.
The highest yield for DPI is still the Uni LP pool at 10% in INDEX + trading fees, and with that only accounting for 14% of supply, it’s hard to see the 0.6% supply rate at Cream being a reason for DPI to be purchased. The utilisation ratio is also just 17.3%.
You knew the rough comp levels when carrying out the work and didn’t raise any disputes at the time. If this post is just a way to start a convo around a different method of compensating this type of activity, then it does the job. I’m sure the BD/IB teams will also be interested in having the same discussion. In terms of comp for this activity specifically, the reward to Michael Petch for work with Fireblocks seems like a more appropriate place to start.