Focus on PCV Growth Instead of Dividends / Buybacks

[pavel]

@Ferdinand_Fuzzgellan

Lastly, the whole point of the post was to highlight my opinion that I think it’s more important to grow PCV than return PCV yield back to Tribe holders. I brought this up because I’ve seen multiple conversations about partially or fully returning yield to Tribe holders. As a Tribe holder, I’d like to see that yield be used differently, so I voiced my opinion. You’re trying to rip apart simple, illustrative examples and missing the main point of the post.

OK, you’re saying PCV should only be grown and not spent, even partially. I disagree, I think if PCV yields are partially returned to Tribe holders, particularly rewarding/punishing certain Tribe-related strategies, thus nudging certain desirable behaviour patterns in the interests of the Tribe, it will bring more value than just lying idle in the vault.

Now, you’re giving some arguments regarding what should be done with these funds. I’m discussing your arguments.

@Ferdinand_Fuzzgellan

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Again, I fail to see why you need PCV to initiate a discussion.

@Ferdinand_Fuzzgellan

Also, is it even a bad thing to accumulate tokens in blue chip DeFi protocols to diversify the PCV? So Tribe DAO diversifies PCV to purchase tokens of another protocol while also using those tokens to vote for a Fei integration.

I’ll ask again. If Tribe uses PCV to diversify itself and buys a protocol’s tokens, then uses those tokens to initiate a proposal and then vote on said proposal, why wouldn’t that protocol want to integrate Fei? Is it not mutually beneficial? If both protocols are better off, how is that bad PR?

You’re mixing things up. Diversified PCV funds allocation is one thing. I’ve even penned a couple of posts on this matter. Using these funds to buy yourself into some integration is a different story. If you want to initiate a discussion or a vote, you don’t need a billion-sized PCV. If the community agrees with you, again you don’t need a billion-sized PCV. The only situation where you need PCV is when at least a significant part of the other protocol’s community is against this decision, yet you push the decision leveraging your super-whale share bought for $ from PCV.