I’m starting this thread so we can discuss ideas on how to move towards staking.
If FIP-2 passes (and I think it’s likely it will), it will further set the precedent that the team wants to incentivize LP staking on the FEI/TRIBE pool. And even if it doesn’t pass, I’ve come to be convinced that 50/50 FEI/TRIBE positions are healthier for the long term success of the protocol.
The current movement in the tribe of price reflects that some 100/0 FEI/TRIBE bags are already buying tribe in order to stake. I think for them that’s the right solution. At the moment, TRIBE is relatively cheap.
It’s more difficult to know what to do if you have a 0/100 FEI/TRIBE bags. I’m lucky enough that my bag is small, and in a couple of weeks/months I’ll be able to afford to buy enough FEI to stake all my TRIBE. But some people with larger bags will need more elaborate solutions.
Please share your ideas!
A couple of things to keep in mind.
The extra staking rewards from FIP-2 will be released over two years, so solutions don’t need to be extremely time sensitive.
Some people’s bags might be too small to justify a $200 transaction fee for a FEI loan.
Sharing your clever solutions is probably in your best interest: the more content the community is after FIP-2, the less likely it is that we’ll continue to see calls for the dissolution of FEI.
I wish I had some interesting solutions to share, but I’m new to the space and so my ingenuity is stunted by my tremendous ignorance!