I proposed a similar solution to ANC utility back in June '21 and am happy to see the topic revisited and pushing towards a solution. A few thoughts:
- The 100k cap was a good idea in spirit, though easily gamed, we should explore other ideas which accomplish a similar objective of rewarding the long tail
- I love the simplicity of the approach, although investors have proven to be willing and capable of engaging in more sophisticated models (curve’s ve for example)
- Speaking of ve, locking the 10% ANC would take it one step further
- 10% is fine, but I hope more rigorous math is applied to reaching the desired ratio. Possibly a tiered system like Nexo’s should be modeled and compared as well.