Made an account to add my thoughts.
Agree with solarcurve here.
I would like to add some additional thoughts to this discussion… very much alpha phase thoughts, but I think we can flesh them out.
- Bonding vebal for discounted vlaura
It’s currently difficult for anyone w/ size to enter the aura ecosystem. Let’s take olympusdao as a case study. They’ve passed a gov proposal to acquire $1m worth of aura. Aura isn’t that liquid. Dao proposals get front ran. Byproduct of this, aura number goes up (temporarily), farmers dump it back down, current vlaura lockers get diluted. No one really wins.
What if olympus was able to acquire vlaura by bonding vebal to aura? Frontrunning wouldn’t be an issue for DAOs. Aura’s innate value increases as a byproduct of this event. Aura begins to capture more and more vebal market share. We could even configure the discount rate for Aura’s purchase of vebal to be significantly less than we currently pay w/ our farms… maybe even 0 discount seeing as there will be no slippage on the transaction. This is a long term win for the protocol.