Here and there I see some detailed issues but ultimately the culprit is a fundamental disagreement on whether we want larger spread values. Fine, I will redo another draft to reduce the scope of the motion, so at least there’s something put forward. Next time I will try to reduce the motion to some bare minimums like disclosure of offsets and default settings. Hopefully shareholders can agree on this.
At this point I just hope objections could be raised earlier and more explicitly, and people could at least try to get a lesson out of the discussion. Perhaps I could have tried to assume from other threads that some people really didn’t like larger spreads, and all the discussion didn’t change that, so I won’t say that was the most disappointing part, and so far I can agree to disagree.
But this is something that I really don’t like. In recent custodian grant proposals none of the pool operators except @nagalim chose to at least disclose anything related to the intended spread values in recent custodial grant requests. I don’t mean to make this any kind of a power struggle, which could come at the cost of the Nu network, but I want shareholders to be aware of their rights: if you agree in part to the spirit of this motion, on any one of the following:
- users have the right to know the quality standards of liquidity pools
- shareholders have the right to negotiate the trade-off between liquidity quality and costs
- participants should have easier access to the best options an operator offers
then it may be in your interests to withhold voting for individual LPC custodial grant requests until some of that is addressed explicitly in the proposal.
