I would like to propose the acceleration of adoption of FLOAT on lending markets - this should be achievable with the newly minted members of the Treasury Diversification partnerships.
From the Dune Analytics dashboard, it is concerning to me to see BANK holders outnumbering FLOAT holders at a ratio of 12:1. Float Protocol’s product is FLOAT and not really BANK - so there should be more incentivization to use FLOAT instead - which will help drive up the price of BANK. Another observation is that with the USDC/FLOAT pool, there is very little volume (88k) compared to liquidity (3.62M).
As such, I would like to request the core dev team to focus on getting more FLOAT liquidity to markets such as:
- Rari (I know this is in progress - team please give a ETA on this)
Perhaps even the team can add FLOAT/BANK on places such as Bancor (single sided staking) and Alpha Homora as necessary.
All of these may be considered to have some form of incentive (eg divert rewards away from BANK/ETH) for a short term to bootstrap liquidity.