It appears that the voting for this proposal is not very popular. I’m struggling with people believing that the ‘liquidity engine’ will save us all and that the belief is all in one person without any reputation and therefore nothing to lose. The only reason for this is that a majority of shareholders actually know Phoenix and vice versa and the track record he has. This would have allowed him to interactively pitch his proposal and thoughts something which can’t be done properly in the forum.
I still believe that the network needs a source of income. The events in the last 2 months are not only the result of people not following NuLaw. They are also the result of the reserves slowly and surely been eaten away by the high costs of liquidity provisioning.
Reducing these immediate costs as Phoenix proposes would probably buy us more time assuming they are successful and assuming Phoenix continues to be available being a single point of failure.
As others already said the high maintenance costs of the liquidity provision needs to be addressed. This can be done by centralising as Phoenix proposes or by embedding ways of profit in the blockchain / protocol itself as the proposal in the OP intends to do. Other options are building more advance bots with smart contracts which are able to create tiny margins out of high velocity trading.
I really hope that Shareholders can find something better than the proposal in the OP which actually does create a source of income and a price for liquidity. For what it is worth, I would be the first one to support any better alternatives.
I will keep myself available to provide some services like PyBot gateways and ALP for a few months as I have a decent infrastructure to do so. This comes at a cost, so when not utilised I will have to start using it for other ventures outside Nu. I will continue to provide services according to existing contracts (e.g NuDroid) as good as I can given the challenging environment.