I’m a big fan of what Tokemak is doing on Eth for supplying liquidity. They’ve made transitioning to L2’s a priority and I want to suggest that we start preparing to be one of the first L2 projects to win a reactor. Tokemak takes a bit to wrap your head around so I implore you to DYOR and I’ll do my best to answer questions.
The transition from our current model to Tokemak is simple. Instead of staking GHST or LP tokens on aavegotchi.com, users would stake GHST with Tokemak and receive aGHST tokens. aGHST tokens could then be staked on aavegotchi.com for FRENS rewards. It obviates the need for a FRENS task force to balance rates between different pools, offers greater capital efficiency, eliminates IL, and offers the additional incentive of TOKE rewards.
The DAO would be able to stake GHST with Tokemak, providing liquidity (and earning TOKE) without diluting the FRENS pool.
Thanks for your attention! Again I’m happy to answer questions. I’m no expert but I wanted to start the discussion and raise some awareness.