I think as it stands, there are two major roadblocks to making what I would consider a strong case for a proposal.

The first concerns product-market fit. The data I’ve seen suggest a protocol that since early 2021, even in the course of a bull market, there was little evidence that the market has cared about this particular configuration of a yield-generating limit protocol.

Usage chart

My belief is that there is in fact very little natural use for it. You can see it in the distribution of

The average wallet spends

Moreover, the incentives that are provided suggest to me that there would be limited user impact. Here’s why:

If an average user successfully places three limit orders

Here’s the daily volume of Yolo, peaking at 5k this month. So $5k was cleared using your protocol.

The second concerns the actual disposition of the tokens. The fi

The data suggest user incentives will have limited user impact.

Here’s why: