mStable Community Discussion Highlights 6.6.21 – 6.12.21

mStable Community Discussion Highlights 6.6.21 – 6.12.21

  • Discussion about MTA rewards on Polygon
    • Additional Details
      • Need clear definition of goals for success & logic behind rewards allocation
      • Need a value accrual mechanism for MTA on Polygon
        • Learn from Sushi?
      • Does mStable/should mStable have a broader L2/scaling strategy?
    • Forum Discussion: PDP 24: MTA rewards distribution on Polygon
  • Discussion of the design for a “meta eth” product
  • Discussion about the potential for an alUSD Feeder pool
  • Continued discussion about the long-term sustainability of Save yields & reserving some of the mUSD governance token liquidations to be productive, cash-flow producing assets to secure the future of Save yields
  • Continued recognition from many community members of the rapid growth Convex has experienced and the subsequent value provided for Curve, both in its platform liquidity and CRV token. Community members voiced support for a similar implementation/pooling layer on top of mStable.
    • Discussion has remained Discord-only
  • Discussion about the treasury and ensuring the continued funding
    • Additional Details
      • Primary Funding Needs
        • Genesis team needs USD for ongoing dev and runway
        • Salaries for contributors
      • Key Considerations
        • Treasury has 2.1 million mUSD
          • Can we farm with this to earn some cash flow? Can we convert to the bAssets and take out an Alchemix loan to provide more runway?
        • Treasury is 90% MTA
          • Avoid selling MTA at all costs (we’d be dumping on ourselves)
          • Not easy to make MTA cash flow productive
            • Possible solution: bootstrapping Convex-style pooled boost with some of the treasury MTA to earn cash flow from it
    • Discussion has been Discord-only
5 Likes