I disagree with paying further incentives for that pool as well. Interlay's uniqueness is to be the best BTC decentralized bridge and does not need to maintain the DEX feature for iBTC. There are other DEX in the eco who can do that better and we should cooperate with them. I do not see the point in maintaining the iBTC/DOT and iBTC/Usdt pools with these still "high" APYs as liquidity providers don´t need to hold INTR. That means only sell pressure for INTR.
Can you provide reasons or numbers for example for accrued fees in the past months that justify maintaining these pools incentivized?
I would agree with the following liquidity providers' incentives:
5% APY for iBTC/USDT or 15% APY for iBTC/INTR and 18% for DOT/INTR.
No pool incentives pls. There's no direct benefit to iBTC bridge capacity. Agree with most of the community's sentiment: focus on being the best iBTC issuer, and stop trying to bootstrap a DEX when we clearly can't afford it right now (just let other DEX projects like HydraDX handle iBTC swaps for us).
Either scrap the pool incentives entirely, or redirect to vault / lending (at least you can use lending collateral to scale iBTC).
I think my point should be reconfirmed:
Agreed to reduce Vaults rewards to about 30%-35% (according to the previous discussion and proposal, the remaining rewards will be redirected to INTR staking)
Further reduce the rewards of the liquidity pool (retaining the operation of some popular pools can improve the integrity and security of the Interlay project)
Conduct airdrops or other incentives for long-term pledgers of early Intr tokens to maintain the confidence of early and long-term investors (this topic has been discussed in off-chain voting)
Add support for hardware wallets as soon as possible.
The cancellation or change of the inflation rate is not an emergency and the above proposals should be prioritized
The renewable of the incentive program seems to me important to avoid a kintsugi like evolution, since interlay pools may contribute to iBTC onboarding (bridge, LP and lending market in the same interface , rather than interlay bridge then bridge to other parachain to use iBTC...), the 90d renewal would help, waiting for omnipool to grow. And the APR/APY of deposits in omnipool isn't that clear, and it seems that when depositing one asset, your exposed to the fluctuations of all the others, which isn't of great value in the actual market conditions.
we need incentives, if not, liquidity will go out... as in Kintsugi, and iBTC won't become a solid asset
I've never been a fan of the DeFi hub. Interlay should focus on providing a decent product with iBTC and getting that product adopted. Leave the DEXes to the specialists like HydraDX and Stellaswap.