[PIP-70] DeFi Products revamping
Relevant discussion can be found here https://forum.piedao.org/t/pip-70-defi-products-revamping/1231
Summary
As part of the newly introduced Product Refinement initiative it was proposed an health check of the current DeFi products offered by PieDAO.
Motivation
The aim is to pragmatically put into perspective the cost/benefit of our products when assessing their performance and potential optimization, proposing a more effective use of resources provided by PieDAO (incentives, development hours, bounties, etc.) to overall pursue value maximization for the DAO.
Specification
From the analysis provided, several factors would seem to point toward the consolidation of the 3 different products into 1 new DeFi index, allowing for:
- Better concentration of TVL
- Improved allocation of LP liquidity and incentives
- Minor maintenance/rebalancing efforts and costs by PieDAO
- Optimized effort for its active promotion across the DeFi ecosystem
Proposal
The proposal elects DEFI++ as the unique DeFi index, while discontinuing DeFi+L (DeFi Large Cap) & DeFi+S (DeFi Small Cap). This process would take place across multiple steps detailed on the forum post.
Do you support the proposal to elect DeFi++ as the unique DeFI index of PieDAO, discontinuing DeFi+L (DeFi Large Cap) & DeFi+S (DeFi Small Cap)?
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xC359...c164e2 | 631,637 | YES |
 0x461F...239FA6 | 600,000 | YES |
 0x7993...d390FC | 216,300 | YES |
 0xbE8F...FE9f00 | 210,238 | YES |
 0x5C7a...076C4C | 128,275 | YES |
VOTE POWER
Proposal Status
- Mon February 14 2022, 10:59 pmVoting Period Starts
- Sun February 20 2022, 10:59 pmEnd Voting Period
Current Results
1-YES
3.568M
2-Nope
8,255.219