A couple of points from me mostly on the revenue potential.
In @Kiba’s proposal, it says that:
Yet, @richard’s post says that revenue growth for the Coop could be significant while TVL growth from this is uncertain.
Would be great to clarify how we are actually thinking about this.
Assuming revenue is split in some way between Coop, DeFi Pulse and DPI holders - what is the true revenue potential for the Coop? Also, what do those revenue numbers look like assuming 50% of all DPI locked in the vault? What if it’s 30%?
I think it’s rather crucial that we understand what these numbers look like. Something that is worth doing for 2-3x in revenue might not be for 0.5x. At least it wouldn’t be a high priority.
In terms of the execution of intrinsic productivity, the proposed option with the vault makes the most sense to me as it 1) doesn’t affect integrations; 2) doesn’t affect CEX listings; 3) doesn’t farm the underlying assets without consent. But like I said above, it will reduce the revenue impact.
Pursuing IP with the Synthetix product seems like a better option.
While we are on the subject, I wanted to briefly touch on IP for MVI and just give everyone some context here.
At the moment, only one token, $DG, can be staked in governance. Governance yield on $DG is 40% and there’s a proposal to extend rewards at the current level for the next 10 weeks (original target was 20%). $DG is about 5% of the index. We know that both, AXS (7% of MVI) and SAND (10%) will enable staking when they migrate to their own sidechain in the case of the former and when the game goes live in the case of the latter. ENJ (17%) could also be staked in the future when their Polka parachain is ready to go.
In terms of experimenting on a small scale (MVI is currently at $5m TVL), MVI could be interesting. The revenue on $DG alone would be 2%. As Index Coop is the methodologist here, any revenue will be split between the Coop and MVI holders.