Hi bitn8 …
I agree that Poll 18 came out a bit too fast. In addition, regarding the larger picture, we fully believe this proposal as it stands fits into the overall strategy of driving sustainability and market share leadership for the Anchor Protocol and has parts that are just as good, if not better, as other proposals that have been passed historically. In terms of timing, we agree that dynamic anchor rate is a critical component and should be presented first (hopefully passed and implemented). It would be foolish for us to not recognize the wisdom of going ahead with something simpler, less risky, and that also move the ecosystem forward on the sustainability curve.
Even though our proposal’s secondary objective is to maintain the 19.5% earn rate for a much longer time, a lot of this is still theoretical in nature (though we are actively consolidating our data and will be adding that to the overall proposal) and thus of higher risk.
In terms of overall maturity, due to implementation complexity … our proposal is still young and needs more time for everyone (central team + community + developers) to establish the appropriate framework. We strongly believe that our proposal will be a huge step forward in driving additional borrow demand.
Regarding veTokenomics for ANC borrow, we would welcome the opportunity to discuss more in-depth with the main team on how ours can combine in and if it could fit. My first instinct is that we are coming at addressing the Borrow Demand issue from 2 different hypothetical directions. It could be possible that both of these proposals might not be able to exist in tandem.
Let us know if you or other parts of the team will be available. @kash_ron is always available to discuss, while I work full time so am much more constrained.