IMC Period 3 Report

  • Didn’t get PoL done
  • Didn’t get Loopring coincentive done
  • Can’t do Arbitrum yet because rate provider still missing
  • We’re starting to see rETH get used as an improved ETH in LPs, like rETH/bb-a-USD and rETH/BADGER – this is very cool and what I hope our long term looks like so we don’t need to pay for all of our liquidity
  • The premium has been a pain in the butt and made us operate in a lower liquidity region (see plot below). We are working on reducing incentives to improve liquidity by reducing the demand we cause for LPs.


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