Re a middle way vault style model.
In the past we have discussed the idea of allowing users to stake DPI, in return for receiving income from IP. here and here.
The staking makes it purely opt in, and allows only the tokens underlying the staked DPI to be farmed (but we can farm 100% of those), So it does solve a number of problems.
However, there are downsides:
- DPI holders will need to pay gas to stake / unstake - we are making holder become more active
- DPI holders will need to stake (likely time blocks > 30 days) or with a cool down period.
- Eng resources will be required to do the IP, staking contracts, possibly rebalances, calculate the share of income.
- Extrinsic productivity (Cream, AAVE, Alpha) isn’t available for staked DPI.
- IP on DPI just isn’t that large - how long do you need to stake to cover gas?
PieDAO DeFi+L share their IP data for a similar product:
To me, such approach is a lot of work, and isn’t likely to move the needle for coop AUM. So, the discusisons with @Thomas_Hepner and @Kiba came down to a single product with IP, or two separate products. (as the original post above)