Thank you @xdev_10 , i appreciate hearing your views on the matter.
A few ideas floated in the telegram as a possible way to alay people’s concerns:
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Open up a gmx coin GM pool (gmx-usdc) as a means of diverting some staked gmx as well as aggregating more fees. Basically an alternate means of reducing mp apr by diverting gmx from being staked normally.
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Gradually and slowly reduce the power of MPs. If 1 MP is 100% effective now, adjust it to 99%, then 98% a month later, and so on. For example, if it takes 2 MPs to add 1% to someone’s boost, maybe make it take 2.1 MPs, then 2.2, and so on.
One of the chief concerns is that a sudden, single elimination of MPs will trigger a mass sell off. Right now, MPs serve as a “softlock” feature that had prevented the 95% value drops during bear market conditions that had befallen other prominent tokens. Finding a solution that doesnt infringe on this amazing feature would be ideal.
Also I invite you to take a glance at this other thread on “growing the pie”: Consolidated list of ideas on GMX growth