Delay the LYS

Quorum: 300,000 votes

—Summary—

Delay the launch of the Llamalend’s Yield Splitter (LYS), to deliver tgUSD and TAN faster.

—Rationale—

The contracts for the LYS are finished, and we have now started working on tgUSD’s contracts. However, even if the LYS’s contracts are made, we still need to audit them, with potential multiple back-and-forth depending on findings, and to develop the front end. We estimate that those steps would delay the launch of both tgUSD and TAN by 1 to 2 months while also consuming financial resources.

Hence, we propose the community to delay the launch of the LYS, and to release it after TAN. As tgUSD is expected to become our flagship product (in addition to being, by far, the most beneficial in terms of revenue), this proposal aims to allow the core team to fully focus on its development, by delaying the launch of the LYS. Such a decision would also allow us to release the LYS in a more impactful manner, as we will then be able to cover Stake DAO’s pools (which isn’t the case right now as they are planning a migration of their infrastructure).

If the proposal is adopted, the core team will be fully committed to releasing tgUSD as fast as possible, in a secure and efficient way.

—Means—

Delay the launch of the LYS.

—Vote—

• Delay the LYS
• Don’t delay the LYS
• Abstain