Profile of omgcorn in Optimism
Posts by omgcorn
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[DRAFT] [GF: Phase 1 Proposal] The Optimistic Series
by omgcorn - No Role
Posted on: Jan. 31, 2023, 3:46 p.m.
Content: I’ve been following Subli’s content around the curve ecosystem for a while now. Subli is a thorough researcher, a great content creator, and has a growing audience that will only get better with this partnership.
Likes: 2
Replies: 0
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[DRAFT] [GF: Phase 1 Proposal] The Optimistic Series
by omgcorn - No Role
Posted on: Jan. 31, 2023, 10:46 a.m.
Content: I’ve been following Subli’s content around the curve ecosystem for a while now. Subli is a thorough researcher, a great content creator, and has a growing audience that will only get better with this partnership.
Likes: 2
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Yearn
by omgcorn - No Role
Posted on: Oct. 5, 2022, 2:51 p.m.
Content: We’re definitely working with @RobAnon at Revest already and he’s aware of these vaults. I’ve included them in my list of partners who already committed to building on top of our vaults on Optimism: Alchemix, QiDao, Swype, Rhino, Omni, Spool, Revest, Abra, DeFi Saver, Tapioca. There will be many more. I’m trying to be realistic about development cycles. It takes time for things to be built. We’ve been working with @RobAnon on the ERC 4626 adapter he’s building for a few weeks now already and that’s just one part of what they’re building. You bring up a good point about earmarking for specific protocols. I think the length and partners here will naturally be less mercenary. If we don’t earmark for specific protocols I think it could be a catalyst for development to get onboard the Optimism train. The levers we do have are to incentivize vaults that partners are using the most.
Likes: 3
Replies: 0
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[READY] [GF: Phase 1 Proposal] Yearn
by omgcorn - No Role
Posted on: Oct. 4, 2022, 4:53 p.m.
Content: Thank you Jadmat. We are happy to be here. I think I know why you are asking that question! The answer is we are not going to be distributing $OP to veYFI holders. Just like in our proposal, we are going to distribute 100 % of the $OP to yVault users. If you don’t mind I want to avoid any potential confusion and not comment on veYFI in this context/thread.
Likes: 1
Replies: 0
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[READY] [GF: Phase 1 Proposal] Yearn
by omgcorn - No Role
Posted on: Oct. 4, 2022, 12:53 p.m.
Content: Thank you Jadmat. We are happy to be here.
I think I know why you are asking that question! The answer is we are not going to be distributing $OP to veYFI holders. Just like in our proposal, we are going to distribute 100 % of the $OP to yVault users.
If you don’t mind I want to avoid any potential confusion and not comment on veYFI in this context/thread.
Likes: 1
Replies: 0
No replies yet.
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[READY] [GF: Phase 1 Proposal] Yearn
by omgcorn - No Role
Posted on: Oct. 4, 2022, 12:17 p.m.
Content: Hey OPUser thank you for the comment. I don’t think 20 weeks is enough time to see this through. What I think you’ll get with 20 weeks is a lot of depositors into Yearn Vaults directly who will be mercenary. With 40 weeks you’ll get these partners who I already have commitment from to build on Yearn Vaults on Optimism: Alchemix, QiDao, Swype, Rhino, Omni, Spool, Revest, Abra, DeFi Saver, Tapioca, and more coming. Partner integrations leads to usefulness and stickiness. Our Arbitrum deployment was Curve 2 Pool, Curve Tricrypto, and Curve MIM 3 Pool in the 8 or so months we’ve been there. There were no opportunities for single deposit vaults that make up the foundation of building on Yearn. We have many other partners I did not name above who are a little further down the road in terms of building on Optimism. I’ll keep them up to date on how things are going with the hope to accelerate their path. I will be on the lookout for more partners to integrate with including native Optimism projects who apply on your forum here. I think that could be a good list of leads who may need sources of yield. Thank you again for taking the time to think about this. I know there’s a lot of info here. Please feel free to dm me to chat more if you have questions too of course.
Likes: 1
Replies: 1
Replies:
- jackanorak: Yearn needs almost a full year to get partners to build on it? I’d imagine at least a few would sign up more quickly. I mean, just off the top of my head, Resonate could get you set up in a day, probably @RobAnon? And then within 20 weeks we could collectively reassess needs.
A million OP for almost a year of runway strikes me as excessive, as much as I very much would like Yearn to come onboard ASAP.
And if your target is partners, why not earmark the funds specifically for partner or joint programs/pools rather than overall liq mining? That strikes me as having more follow-on benefits and allows you to sidestep the question of incentivizing too much mercenary capital.
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[READY] [GF: Phase 1 Proposal] Yearn
by omgcorn - No Role
Posted on: Oct. 4, 2022, 8:17 a.m.
Content: Hey OPUser thank you for the comment. I don’t think 20 weeks is enough time to see this through. What I think you’ll get with 20 weeks is a lot of depositors into Yearn Vaults directly who will be mercenary.
With 40 weeks you’ll get these partners who I already have commitment from to build on Yearn Vaults on Optimism: Alchemix, QiDao, Swype, Rhino, Omni, Spool, Revest, Abra, DeFi Saver, Tapioca, and more coming. Partner integrations leads to usefulness and stickiness.
Our Arbitrum deployment was Curve 2 Pool, Curve Tricrypto, and Curve MIM 3 Pool in the 8 or so months we’ve been there. There were no opportunities for single deposit vaults that make up the foundation of building on Yearn.
We have many other partners I did not name above who are a little further down the road in terms of building on Optimism. I’ll keep them up to date on how things are going with the hope to accelerate their path.
I will be on the lookout for more partners to integrate with including native Optimism projects who apply on your forum here. I think that could be a good list of leads who may need sources of yield.
Thank you again for taking the time to think about this. I know there’s a lot of info here. Please feel free to dm me to chat more if you have questions too of course.
Likes: 1
Replies: 1
Replies:
- jackanorak: Yearn needs almost a full year to get partners to build on it? I’d imagine at least a few would sign up more quickly. I mean, just off the top of my head, Resonate could get you set up in a day, probably @RobAnon? And then within 20 weeks we could collectively reassess needs.
A million OP for almost a year of runway strikes me as excessive, as much as I very much would like Yearn to come onboard ASAP.
And if your target is partners, why not earmark the funds specifically for partner or joint programs/pools rather than overall liq mining? That strikes me as having more follow-on benefits and allows you to sidestep the question of incentivizing too much mercenary capital.
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Voting Cycle #7: Roundup
by omgcorn - No Role
Posted on: Oct. 3, 2022, 7:37 p.m.
Content: Proposal: Yearn Proposal: [READY] [GF: Phase 1 Proposal] Yearn Committee to Review: DeFi Delegate Approval 1 : [LINK] Delegate Approval 2 : [LINK]
Likes: 1
Replies: 0
No replies yet.
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Voting Cycle #7: Roundup
by omgcorn - No Role
Posted on: Oct. 3, 2022, 3:37 p.m.
Content:
Proposal: Yearn
Proposal: [READY] [GF: Phase 1 Proposal] Yearn
Committee to Review: DeFi
Delegate Approval 1 : [LINK]
Delegate Approval 2 : [LINK]
Likes: 1
Replies: 0
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[READY] [GF: Phase 1 Proposal] Yearn
by omgcorn - No Role
Posted on: Sept. 30, 2022, 12:42 p.m.
Content: Hey Marc – Thank you for the comment. At one point we had over $ 1 billion in Fantom. The biggest factor in that was great yield opportunities. Today Arbitrum has mostly options plays that are outside the risk profile we use for making strategies. Here on Optimism, there were opportunities for the 5 vaults I mentioned in the proposal that are key building blocks partners. Those 5 vaults are really the secret sauce to bringing others to Optimism and getting that network effect you’re referring to. The specific strategies we’re running are using: Aave, Velo, Uniswap, Curve, Stargate, and Ironbank. We’re always looking for new strategies and if there are any others on Optimism who would like to have us take a look and see if there’s something viable we can do together please reach out to me. To show Optimism continued support, we’re testing Vaults V 3 on Optimism first, even before mainnet. This is still months from launching and will bring a new style of composable vaults for the first time. You can read more about Vaults V 3 here: YearnV 3 : Motivation and design. After the brief overview of the next… | by jmonteer | Yearn | Medium 1
Likes: 2
Replies: 0
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