Hi there @AstralProtocol
Thanks a lot for posting this proposal.
I see several blockers that would need to be resolved first, before this is fit for voting:
- We need more details on the new pool type, more specifically if it is a hook we also would need to internally audit it at bare minimum. Can you provide more references to the code base
- In general, we need more details on how this new pool type looks like and what the architecture is. Also note the current fee structure you propose is not something that can be easily done as we need to adhere to [BIP-734]
- At the current time, the DAO doesn’t have enough POL to justify any meaningful liquidity provision. In any case the treasury council would need to vote if they want to execute such a strategy
- There are currently no plans to do additional incentive programs with BAL tokens as the treasury’s BAL reserves are low. Additionally, we don’t want to create more BAL sell pressure by introducing another emission on top of the current BAL token emission schedule
The Balancer treasury already holds a significant locked AURA position and we would not plan to acquire more, see our >2M AURA locker position here
My personal opinion: I really value this proposal but at the current economic state of the DAO such a proposal is too risky. Also note that core contributors will propose general changes in the upcoming days that will make this proposal even harder to justify.
Thanks