There has been unanimous agreement for PICKLE to spend more on developers, strategists but also marketing.
Marketing DeFi to US residents is threading on thin ice. I propose that we make effort that our marketing does not target US residents or is targeted in a way that it should not reach US residents. I think it’s a relatively easy thing to do, that can save us from trouble down the line.
Another topic is “investor protection” laws and disclosures. Top regulators argue whether we are in the wild west or wild, wild west. Why not show good faith and make risk disclaimers visible on the farms and jars page?
I think a subtle but visible link/button in the user interface would not harm. It could say: “What are the risks?” which leads to a popup/page specifying:
- Just like majority of decentralized finance, interacting with Pickle protocol is risky and not suitable for most people. You should not interact with the protocol unless you fully understand the risks. Please refer to protocol documentation and ask questions in our Discord.
- Value of cryptocurrencies can rapidly decrease
- Yields can change rapidly to the upside but also to the downside.
- There is risk of complete loss of funds due to: hacks, exploits and bugs in code
- Withdrawing funds can be expensive when the blockchain is congested
- Despite our best efforts, on rare occasions, information on the Pickle website may be incorrect for reasons including API errors, connection errors, subgraph errors. We encourage you to check the on-chain data or contact us on Pickle Discord to clarify.
Did I miss something? I’m sure my wording can be improved
Why am I mentioning all that? Obviously I want everyone to understand the risks. Also, Uniswap is now testifying for US regulators about how it does the marketing. SEC keeps repeating “investor protection” like a parrot. There are all sorts of nasty dynamics if someone loses 100% when one of the farms collapses. Whether we want it or not, coins in our farms will collapse.
What are your thoughts?