There are different opinions about what type of money actually has value. Some people take BTC or ETH above everything, others like Gold, quite a bunch still like USD and then there are people who would like to compound their investments in cashflow producing assets - like PERP.
As it stands right now, the staking rewards from Perp will be paid in USDC. Converting this type of money into the preferred form of the individual involves a lot of transaction costs at the moment. [simulated with current gas prices]
- Claim reward [31$]
- Exchange the reward on Uni [36$]
- in some cases staking the reward (if perp) [87$]
- Give a few options to token holders in which currency they want to receive their reward. I suggest:
This can be a dropdown in the frontend before people press the staking button. After PERP is staked, the related rewards will be periodically exchanged for the selected currency. Since this involves a transaction anyways, it can be combined with a send-transaction to the owner´s address. Therefore, it eliminates the need to claim the reward. This whole process could be outsourced to Keep3r and financed by a fraction of the exchanged rewards. (for many stakers this still ends up being cheaper than claiming individually)
- For people who select PERP as reward, give the option (checkbox) for autocompounding. Instead of receiving the PERP rewards into their wallets, stakers benefit from “gasless” autocompounding into a cashflow producing protocol that they want to support long term.
Implement the proposal