The idea of diversifying the PCV has been floating around a lot recently. I often read about the proposal of buying other centralised stable coins(USDC etc) to thus ensure the stability of FEI. Of course, that is a valid method and approach when trying to achieve stability and it is important to not be too stubborn about being “purely” decentralised.
However, this approach could be too simple in my opinion. We have to keep in mind that the purpose of the PCV is not only to hold stable coins. We can come up with far more creative approaches. I mean the possibilities are endless.
Some things that come to mind are:
-farming with the PCV
-acquiring large portions of governance tokens in other projects and thus voting FEI into their system with our PCV
-lending with the PCV
For further insight check out what Joey said in this podcast. (Timestamp: 21:00)
So yeah I just wanted to open this topic to see what ideas other people have, I think the PCV is a great tool to strengthen the protocol and it should be used accordingly.
Once the situation has calmed down and things have normalised, I think it would be fantastic to crystallise some of these ideas as proposals.