I think that the Eng lift is a significant issue, we would be sending time writing a custom contract that has a 1-time use for use (but possibly aids Beta Finance in integrating other projects).
We could ask Beta Finance to do the Eng lift, however, that may not be a high priority (We are still waiting for Sushiswap to roll out the INDEX +SUSHI farm on DPI on polygon 2 months after IIP-62 passed)
A simpler implementation would be to sell the INDEX for the BETA token and then let BETA finance implement a standard rewards contract.
- Simpler to implement.
- Effectively a market sale (/partial sale) of $100,000 INDEX as opposed to a slow release of INDEX as users claim.
As one of the major justifications for IIP-96 was to maintain liquidity in the face of MVI demanded from the Beta finance vault, then we have justification to delay the LM / adjust the rewards once we have a clearer picture on this proposal.
One additional comment.
At 1% INDEX rewards, the vault becomes good for locking up INDEX over time, however, it’s not a great deal for smaller holders.
A $20,000 DPI position in the vault for 12 weeks @ 1% would yield $46 of INDEX (and $460 $BETA)- barely enough INDEX to cover the gas to sell the INDEX (unless you already have INDEX in that wallet). If you leverage up, you take more risk, and pay more gas.
Basically, on L1, it’s going to be a Whale / Dolphin game (like most things).