Hi, and thanks for your feedback as always.
I list here few points on why I disagree with your comment:
You said
Why are you implying that xALGO/USDC is not a key trading pair? It will be one of the most important in the ecosystem because of the upcoming staking rewards. It’s a big change for the ecosystem and why we shouldn’t push for it? We intentionally allocated a large part of the rewards to xALGO/USDC because it will generate volume for DEXs, will benefit the lending market and there will be a lot activity to attract users.
Then you said
This allocation is totally in favour of the main stable asset i.e USDC. To which stables were you referring to? Because there is no stable outside USDC you can incentivize. In addition, the more on-chain usage you create for USDC the better will be for the ecosystem for future integrations.
As I stated above all the wrapped assets are incentivized by Wormhole, please check Wormhole TDR 14 plan + other projects are incentivizing them.
We had the same thought in the past, but things can change. I don’t know about you’re activity on FF but the community is always involved and we always ask for feedback. In the last few years, the memecoin market has grown a lot because it is the easiest way to aggregate the community and attract users, in some cases a single memecoin can really drive the chain usage. We also asked investors their opinion on supporting memecoins (for other reasons) and 80% was in favour, 10% abstained, 10% against. Speaking specifically about Monko we have seen the community being very involved, this is also reflected in its results. From here the reason to allocate a very small % (0.79%).