Conversation

Suggesting

v1.1 enhancements: 1. New protocol fees for $ANC 2. Decentralized oracle 3. Interfaces for easier integrations 4. New governance & $bANC Jan/Feb 2022 (tentative)

forum.anchorprotocol.com

Suggestion: Short-term Enhancements for Anchor Protocol

While Anchor has been successful in proving market demand for high & stable savings for stablecoins, there are many improvements to be made to its core protocol. These improvements are best impleme...

548

Do Kwon

@stablekwon

Nov 15, 2021

Bearish on increasing buybacks - a third of all protocol revenue being used for buybacks is high and likely will slow growth or weaken the yield reserve

129

Nicolas Flamel

@NicolasFlamelX

Nov 15, 2021

Remember when $Luna went from 50 cents to $20 and it captured the interest of the entire crypto community? $Anc going up could do the same which would only increase borrowing / deposit and devs interests. Buyback would help…

No it wouldnt

Imo anything that weakens yield reserve would be no bueno but token hodlers need some love too

Replying to

Im not saying token holders dont deserve love Im saying simply increasing buybacks is a IQ20 move- anchor buybacks dont even take tokens out of circulation, it just results in gov farmers profiting We need to reduce emissions and reward holding behavior

7:34 PM · Nov 15, 2021Twitter for iPhone

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💯

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Sounds big brain. I'm listening fren.

TeeTeeDaBeenBeen

@TeeTeeDaBeenBe1

Nov 15, 2021

BTW, I named my Mage Luna.😄

Replying to

Tak.

Replying to

So there’s def another way. More buybacks would dilute the token which isn’t good. Rewarding hodlers in value accrual + airdrops works. Also some sort of integration with

@leservedao

could move this thing along. Everyone’s waiting for an ohm fork to do something unique…

Do Kwon

@stablekwon

Nov 15, 2021

Note for everyone reading: refactoring token economics is a delicate exercise in balancing many dependencies with secondary and tertiary effects If ur thinking of mechs “ok maybe this” and building conviction around it while you’re tweeting from the toilet, probably suboptimal

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Replying to

It’s hard to get people to hold $anc when the deflationary North Star asset is offering a double digit yield (effective apr is way higher) and either gets more undervalued or faces a supply shock evidenced by $Luna reduction on exchanges. Luna re-rating solves part of the problem

Replying to

Turn farmers into investors. Vest everything. Vest governance rewards. Vest liquidity rewards. Vest airdrops. Rewards must be worth staying for though.