With the passing of PIP-16 and 17 I believe Pickle is on a track for success and I believe this momentum should be continued without delay. We can begin discussion on next steps while also monitoring the results of the steps we have taken.
I believe there are three main outstanding roadmap items for Pickle:
1) Immediately re-allocating Pickle rewards from UNI pools to other farms
2) Increasing staking rewards for PICKLE STAKERS (to get into triple digit APYs)
3) Voting rights for Pickle Stakers (although this is less immediately important)
Let me address them one-by-one.
I think @yyctrader has taken a good initiative with his thread (Redirect 10% of Emissions from LP to pJars). I believe we should not hesitate on beginning this discussion. We don’t need to wait 48 hours for a forum vote, then 48 hours for a discord vote, then 48 hours for RFC forum discussions, then 24 hours for snapshot voting, then 24 hours for a timelock. By the time that process is done UNI liquidity will have already found a new home while we’re still discussing. I want to very clearly highlight the importance of timeliness in this. We should begin discussing re-allocation right now.
When we saw the recent run up of PICKLE from $16 to $27 last week this was due to people purchasing PICKLE to receive our fantastic high APY staking rewards (at that time). Once market equilibrium was reached, the buying stopped, and we stabilized around $23 or so, higher than where we began. I would like to see higher staking rewards for PICKLE in the triple digits. If an equilibrium will inevitably be reached, I would rather see a PICKLE Stablecoin of $40 rather than $23. This could be achieved with an increase of staking rewards.
Voting rights for PICKLE STAKERS. There is already a thread on this topic and it’s not immediately time-sensitive. What is time sensitive are points 1 and 2 as UNI farming is coming to an end in one week.
TLDR: We need to begin re-allocating UNI Farm Rewards to other pools ASAP. Now, not later. Time is important and if we don’t act now our lunch will be eaten as UNI farmers look elsewhere for yield. We also need to increase staking rewards for PICKLE stakers and create a higher price floor equilibrium.