Great discussion so far! Wanted to present a summary of the conversations above and a general framework we can use to evaluate this opportunity.
This framework lays out some of the considerations from the discussion above into context around advancing core metrics, timing and implementation strategy:
Some notes:
- There is insufficient evidence that IP will lead to TVL growth, but will 2-3x Coop revenue from the DPI as Kiba mentioned above
- At the same time, there are differing opinions from the community on implementation strategy which makes this a high risk initiative
- In terms of timing, there are pending extrinsic productivity integrations (AAVE, sDPI), CEX listings, additional rebalance operations (unwrapping prior to every DPI rebalance) which also adds significant complexity other than engineering.
- Other product launches in the horizon that serve different use cases may be a better testing ground for IP i.e. BED and Synthetix Debt Mirror Index
A path forward could be aggressively pursuing IP in the Synthetix product which serves a different audience and use case. We use the data collected to inform us on IP in DPI as more integrations come online and implementation strategy becomes clearer