I’d like to encourage more caution in our governance’s decision-making. So, in lieu of a statement, I’d like to give an example using two of the latest proposals.
The new lower-risk USDC ark was originally proposed as higher-risk but then changed to lower-risk after kpk claimed that there would be no exposure to ETH+. However, the Gearbox WETH, currently proposed as lower-risk, has ETH+ listed FIRST among collateral tokens. Gearbox Protocol - Composable Leverage
I’m frustrated with these “lower-risk” ark additions being proposed so soon after the Arbitrum USDC disaster. What are we doing? Does lower-risk mean anything other than “high risk, but slightly lower risk than higher-risk”? I’m voting no on the lower-risk WETH proposal for sure, probably on the USDC as well.
One of my main goals will be to ensure that we actually have low-risk options that are set-and-forget, which was the primary reason I’ve been interested in Lazy Summer from the beginning.