Vebalrepresentative.eth (aka ZeKraken) Thread

Allocate BAL to a Ribbon Finance Vault

Voted No, I think potential gains for this strategy are not worth it. Plus we do not have control over the selection of strike prices. I’ve traded covered calls in tradfi and most of the time it wasn’t worth it, it only works if the market conditions are right and strike selection is on point. In a downward market you will eventually end up selecting a strike too low because you want to secure a premium “worth it” but then the market runs up and you end up selling your principal for far under its acquisition cost (understand BAL here has zero cost basis, but you’d still have to sell some of our treasury if this were to happen). In an up market your gains are capped, so why not just hold. This strategy is really useful for sideways markets where volatility is high and price range semi-predictable. This type of setup doesn’t happen very frequently for extended periods of time.

Send back 3CRV stuck to Stake Dao Multisig Address

Voted Yes, makes sense to help out the Stake Dao community

Introduce ChildChainGaugeTokenAdder

Voted Yes, no reason to not allow for additional reward tokens on L2s

Tribe DAO : boost delegation

Voted Yes, correcting an unforeseen issue with boosting, only fair to fix this

EDIT: some grammar tweaks and added one additional point to the Ribbon rationale

4 Likes