We share that the current ParaBoost system is too complex and difficult to understand, and the metrics shared are eloquent in demonstrating that such complexity generates very little impact both in terms of user usage and volume for the protocol. We have no observations nor do we see undesirable consequences in simplifying the system in Pooling Boost, which has a high adoption/usage rate, but on the contrary, the proposed simplification of the system will not only benefit the protocol by reducing management efforts of underutilized mechanisms and facilitate future automation for greater efficiency, but will facilitate understanding by stakers.
In the community there is concern about modifying the fee and/or token distribution system of the PSP token, and/or establishing a burn or buyback, so it is logically desirable that before addressing this issue, it should first address its simplification, so as not to spend efforts in modifying ParaBoost mechanisms that are proposed to be deprecated.
Based on all of the above, we support this initiative and we are excited to see the feedback from stakers and the community.
What would the process of automating executions consist of? Any ideas in mind? Is there anything we in the DAO can collaborate on?