I was on the fence about CVs at first but agree that if you’re not being paid until after the fact, the output is really all that matters.
With regard to timing, do you think we can derisk a portion of the PCV before an investment policy statement is written to allocate a small % to a stablecoin like DAI? I’m fairly confident that the community wants some % allocation to stablecoins to derisk the PCV as soon as possible. We can start with a conservative stablecoin allocation % and as the WG puts together PCV crypto asset allocation and risk management framework, we can adjust the PCV crypto asset portfolio weightings as needed. These ETH price movements can be fast and violent so I’m more inclined to move quickly on an action item like this while the PCV is overcollateralized by over 250%.
As the framework for PCV diversification is built, we can deposit stables into a lending protocol temporarily. Then, as your WG refines its vision for PCV diversification, we can rotate those stablecoin assets from lending protocol deposits to use cases like your idea for creating stablecoin pools to facilitate market making.