OPINIONS EXPRESSED IN THIS POST ARE EXCLUSIVELY THOSE OF MYSELF AND NOT POLYGON LABS OR ANY OTHER ENTITY OR GROUP
I am strongly in support of the direction this Pre-PIP proposes, and the conversation that I hope will come out of it in the coming PPGCs. PoS is in desperate need of a program such as this, firstly to rejuvenate the community of stakeholders, but also to become serious about the direction of the chain overall. Over the past several quarters we have seen more and more chains focus less on value extraction and revenue generation at the transaction fee level and more on the higher level application level, and this proposal is a key step in shifting our view as a community in that direction.
I am incredibly excited to see this idea originally discussed on the Pilani Features Thread by a number of community stakeholders brought to life by this incredible list of authors, who bring deep expertise in risk management, DeFi and stablecoins to the table.
- Morpho with its immutable and simple modular structure is the perfect technology backend for this use case.
- I have had the pleasure of working with the Allez Team on a number of prior projects and can testify to their professionalism and expertise in curating the proposed vaults.
- Yearn is the first DeFi protocol you think of when you hear yield manager and it is a no brainer to have them working on the ecosystem rewards program.
- Superstate is the leader in tokenized assets and features like protocol mint & redeem show they are serious about DeFi integration.
- Angle have been constant pioneers in the stablecoin space and having the involved shows a desire to stay up to date with the latest in safe design.
- Maker/Sky is the backbone of so many projects and is uniquely positioned to handle the sheer scale a project of this nature demands.
I look forward to joining the community in discussing the tradeoffs with this pre-PIP and as we iterate together and debate the concept further I commit to working with the authors on developing proper PIPs of the implementation.