Clown here, i believe the proposal is almost as good as is, but:
Community raised concerns behind the reason of still doing a buyback as outlined in SIP-41 in case this proposal passes
Tend to believe that @"Yalii38"#p2831 is on the right track and this is actually the right way, since:
1) Proposal did already pass a while ago and reverting it a couple weeks later is not the right way of doing it, bad image kinda
2) One of the best marketing tools in the space is just price going up, $syn is being listed on major CEXes, one just logs in, sees that the thing is in top performers (for days perhaps?) and might wonder behind the reason of such behavior, which potentially makes Cortex more recognizable. Main idea here is gaining visibility of big changes/upgrades happening
3) The antidillution which the buyback provides (since DAO held $syn is excluded from claiming $cx) is quite compelling, also essentially tightening (especially before vesting cliff) the supply of $cx even tho there is only 73.5% reserved for $syn and the rest is newly minted $cx
Migrating DAO owned POL from SYN/ETH to CX/SOL on Soylana
Straight up agree with every problem with it, that fool pointed out in his post @"fool"#p2838 , aswell as:
1) Technically we're slightly exposing ourselves to less "robust" treasury asset by swapping the $eth part to $sol, one might say just look at sol/eth performance and will be right, but i personally am still skeptical
2) The bridging process might be messy in terms of how it will be performed
3) There is no contracts deployed on Solana by Synapse Labs before this and having just a token out there for the whole purpose of having it there is odd
This does not mean that expanding to Solana is not an option and there can't be a $cx contract on sol. If Cortex fully works with Solana, the native evm<>solana bridge have to be deployed by Synlabs to make all the Cortex activity justifiable. Then if the actual functionality is there the idea works just fine.
In the meantime, moving POL from sushi on eth to aero on base seems quite the right thing to do.
Honorable mentions being:
1) Concern raised by @"smithers002"#p2836 about the timing of the cliff, have to be readjusted
2) Pool on velo needs to be moved from basic volatile to concentrated volatile to justify the spending of OP on incentives, v2 pools does nothing really nowadays
@"Moses"#p2817 c) Migrate the SYN/ETH pool and OP incentives on Velodrome to a $CX/ETH pool and increase incentives from
5k OP per week to 15k OP per week for 12 week
Ty for your attention
