I started a response here that involved me quoting more than half of your post and essentially providing textual nods of agreement, but I will summarize it instead:
What has been accomplished here is remarkable. There is quite a chasm between wanting autonomy and being autonomous, and y’all bridged it with style. I’m welling with pride that this is our DAO.
There will likely be MANY leverage ratios and rebalancing mechanisms in the years and decades to come, all with their unique bugs and features. I think 2x will be the du jour for some time, and having first-mover advantage in an emerging market such as MATIC (or with essential utility such as LINK) is how Index Coop remains the No. 1 on-chain indexer. Your pod has really helped moved the needle from ‘survive’ to ‘thrive’ and I agree, it’s time to hit the accelerator.
That said, I would like to see two things expanded upon:
- Given the similarity to existing products proposed by an external methodologist, engagement and communication with methodologists and the community regarding ICs stance on sufficient methodological differentiation will be essential (in my view) to attracting future methodology contribution which can be broadly applied. While the methodology proposed is different, it is not dissimilar, and so in my view it is worth engaging with our existing partners to determine sentiment around IC launching these products.
- There have been challenges with the FLI suite that have impacted the user experience negatively, and those challenges have been largely overcome (dedicated team, preemptive lifting of caps). Has this informed the development of the proposed product, and if so, how? Essentially, what steps will be taken to ensure that this new product is better than the existing methodology used for ETH and BTC in terms of performance, UX, and safety? While I would expect the nuances to be discussed in any forthcoming DG1 & DG2 proposals, I believe that making some distinctions in a broad sense would be useful given that the methodology can be applied to any asset with sufficient liquidity and composability.
Again, to all involved, this is HUGE and I really applaud this!