Absolutely love all the different solutions being proposed, I feel that if the acquisition of CVX is important we cannot simply market sell PSP when the market is so volatile and the token is still so low volume.
I personally was not aware on how different CRV pools were from the competition! I had a couple of points I wanted to ask , hopefully these answers help me and others understand the importance of convex and curve better
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Just for a sense of scale, is there currently an approximate amount of CVX that would be ideal to hold for the DAO, even as a long term objective? Maybe we could establish goals relative to $PSP’s market cap at the time, and adjust strategies depending on the mismatch between the amount of CVX held and the current market cap?
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Obviously, as a DAO these is more importance in these tokens for governance and rewards offering than for fees revenue, but are the pool revenue fees currently consistent enough to estimate a ROI from purchasing CVX? I feel many of these proposals would be a lot more appealing if PSP holders would know that this purchase might end up appreciating well beyond its initial cost in the long term.
Also worth mentioning in here , but on the span of ~2 months we’ve accrued 15k in CRV+CVX from positive slippage alone. It might be a good idea to get a proposal out to put at least those tokens to work ASAP to start accruing yields and governance power, and afterwards work on these other methods