TIP-110: Simplify PCV

I think overall this is a great proposal, we should be aiming to simplify PCV assets right now. A few thoughts on some specific assets.

agEUR
I’m in support of holding agEUR if Angle elects to use the Fei Savings Rate instead of AAVE. I would love to continue to support Angle especially if they help with the current Fei contractionary policy.

CVX
I think we should explore selling CVX OTC to Frax if we are going to be aligning more closely with them. This could be another big win-win.

LQTY
I’m opposed to selling LQTY as we own a significant amount, have strong synergies with LUSD, and the assets provide stable cashflows in hard assets. Staking LQTY to farm LUSD and ETH, two of the assets we are most reliant on with the exception of DAI, aligns very strongly with the needs and values of the Tribe. Additionally, this is also going to be the most difficult asset to sell and have the most slippage as we hold a significant amount, >1% of FDV, and there is limited liquidity.

3 Likes