I think there’s more agreement than it might seem at the surface. It’s mostly about laying out the dependencies that determine the order in which we do things.
Priority 1: Develop a criticial threshold of AMPL/WAMPL liquidity to support use cases.
As far as I know, we have enough liquidity to support an ampUSD launch.
Priority 2: Support and Grow SPOT & stAMPL
Let’s roll out the SPOT improvements first, and as @Togenkyo said minting SPOT is easier if we can give AMPL a chance to grow. A successful ampUSD launch can help us in this area.
Priority 3: Support and Grow ampUSD, LVAs, etc
They’re just not launched yet.
So right now, we have some idle USDC not being used. If we can put that to use in the Asymmetry ecosystem in a way that strengthens our partnership with Asymmetry and helps us build a ramp to launch ampUSD, then I think that’s great. It’s not an expenditure the way Bootstrap/Geysers are and, sure, we might get some small amount of ROI along the way.
Here’s a garden path ordering I would shoot for:
- Deploy idle USDC into Asymmetry between now and ampUSD launch, but not to exceed 90 days without review. When ampUSD is live, revisit asset allocation for #2.
- Support ampUSD growth, which hopefully grows AMPL as well.
- Build out SPOT liquidity enough for inclusion as a collateral type. Spot improvements will have been rolled out some time before this.
- All this bridges us to LVA assets, which is also an engine to boost SPOT and AMPL.
Each of those steps has a number of possible actions we can take to execute them. But right now, we’re at step 1 and the actions recommended by @0xvertigo seem very reasonable to me.
