First of all this post is not a formal proposal. It’s first to gather some feedbacks.
I already (and I think some others) mentioned the possibility of using xTokens to create a new Pie.
Could be the xPie. Nothing sexual here, even if it could be very sexy !
Micheal ( not sure how to call him… CEO / Main dev ? Creator ? ) is a very nice guy and I’m sure he will be more than happy to collaborate. I’m helping this project as an un-official comm/marketing mod , especially for the French side. So the link between “us” and “them” should be very easy.
The main idea behind this Pie would be to incorporate only governance token used to generate yield (mainly from protocol fees). They already have several xToken available.
- xKNC = Kyber
- xSNX = Synthetix
- xAAVE = Aave
- xINCH = 1Inch
May be useful to ask them which other xTokens they are planning to release. (xBNT, xUNI )… ???
Moreover, this pie doesn’t have to be only composed of xTokens. For exemple we could also add xSHUSHI, bBadger , FARM , …
Doing this we could have a very interesting Pie with an interesting APY.
The other advantage I can see, is trying to incorporate PieDAO in the ecosystem by collaborating with other projects. If this is something interesting for us.
Currently, there are 2 issues I can see:
Using xTOken , we won’t be able to use the meta-gouvernance as xTOkens are already voting. So I don’t know if it can be an issue.
At the moment the main issue could be a lack of liquidity . BUT , xToken didn’t release his Token yet. So a big liquidity mining program will probably happen soon and it will help to bring more liquidity .