I’ve made another post outlining what our fee model change enables, I’d recommend you read that first. (Change of Fee model, change of mindset)
Hello my fellow Pickles,
Take a look at the table I made this morning.
It clearly shows that not all assets are equally profitable for us, you could even say that there is a huge difference. For example any dollar in uni-DAI makes us 5,3 times more money than if they were in renBTCCRV.
My proposal is very simple.
Cut the pickle rewards for the low performing strategies (in the terms of APY) by 50%-100% and award them to our most profitable.
Pickle rewards are an incentive to attract LP’s to our platform. Why not make sure that we attract the ones that are the most benefitable to the protocol?
Some might say “but the UNI pools will soon end”
Yes true, but not tomorrow…we still have 14 more days to enjoy the high rewards it provides!
Now we don’t have a withdrawal fee as barrier, let’s use the opportunistic nature of crypto capital in our advantage.
DAI, USDC, and USDT are currently the most profitable strats, let’s make sure we get a big piece of them while the fun lasts! In two weeks we can reevaluate and switch the rewards to the strategies that our the most profitable at that time.
The success of Pickle will not only depend on good strategies, but also on being able to use the Pickle rewards to our advantage.
Let me know what you think, looking forward to the discussion!
- Good idea!
- Interesting idea, needs some tweaking
- Bad idea!