IceCubeIIIIII
I was actually one of the early advocates to not have INDEX staking and pass on revenues haha. I’m not sure what their current reasoning is for that stance is but my argument was that 1) too early to provide dividends instead of reinvesting in growth 2) having a useless governance token instead of one with financial incentives creates stronger community. As far as I know there are no plans to pass on revenues, there is an INDEX staking proposal but thats not finalized and is only for contributors who earn INDEX to receive more INDEX over time which wouldn’t apply to us.
We can definitely bond SLP and because of low liquidity of INDEX that would shine a lot of favor on LOBI when/if we ask for a D2D swap. It does reduce the efficiency of bonding INDEX from $4 of votes per $1 of LOBI expenditure to $2 because we get half ETH but it also makes it easier to bond in pure INDEX later too. We also have to take into account LP rebalancing and that we will lose governance power as the token price increases so if we are operating under the assumption that INDEX is undervalued then holding INDEX/ETH LP instead of INDEX hurts us in the long term.
