I don’t see how Option 4 brings yield to the tokens if we aren’t staking to earn the cash flows. Don’t we automatically earn dividends on MKR and COMP just by holding them already and UNI doesn’t get dividends yet?
From a governance perspective, what’s our actual objective in voting? Increase long term prospectives of the protocols? Voting selfishly? A case stuff of Yearn and Curve might be helpful since that’s the only example I know of with one protocol having significant voting power over another major protocol. Maybe we partner with Gauntlet eventually.
If we are going to be activist investors we should be morally as well as financially activist. E.g. you could say YFI’s waifu memes goes against our own Code of Conduct (nearly unanimous approval) so are we violating our own Code by participating in their governance and not doing anything about that?
I think having two separate indexes DPI and DPIacc is a good idea but too complicated for now. Sticking to basic yield like yGov staking and putting a minor % of tokens into Aave/Compound seems reasonable until we figure out the operations, economics, and code around managing both at once. By that time hopefully the DPI market is mature enough that the two options actually brings in more capital by people that want higher yields and DPIacc being easier to integrate since DPI will already be established in other protocols.