Thanks for the detailed proposal! It’s going to take a while to understand this in aggregate, but I’ll share the first things that stood out to me
No ETH-only
The main part of the current tokenomics proposals is to grow through eth-only minipools, but this proposal retains RPL collateral requirements through whale marriages. Gut reaction is, if I’m a potential NO, an eth-only node is a significantly lower hurdle than entering an “RPL delegator market” to attract RPL. I.e. I think the the current proposal would grow the protocol faster via eth-only NOs than this proposal’s fixed RPL collateral + marriages.
Obvious centralizing force
Introduce RPL delegation to provide additional utility to RPL and allow stakers to select highly performant NOs from a Node Operator Performance Dashboard
This would obviously favor larger entities and hurt home stakers. It doesn’t feel very “Rocket Pool”. The potential benefit is stated later as “up to .07%”. I think 0.07% is a reasonable cost to NOT shift rewards from home stakers to professional staking operations.
It’s also complicated. Later we deal with the flows from this 0.07%
…this staking pool would be equivalent to the “surplus_share” recipient when referencing current proposals. The pDAO, guided by RPL voters, could select operators with less market share or more decentralized infrastructure and therefore counteract any potential centralizing forces that might result from crowding around the most performant NOs
The burning question
I appreciate the disclosure you’re an investor in the project. To me, this proposal feels like an effort to limit any downside risk to RPL (through retaining fixed collateral instead of eth-only), rather than an attempt to maximize the growth of the protocol. Not sure how you can best address that concern / impression, but wanted to share it.
The dynamic stuff
I liked the introduction of existing functions in DeFi to set some of the system parameters. The current proposals punt that to a future iteration. I wonder if it’s worth considering them based on this proposal and the 1kx team’s experience.
Thanks!