Hey everyone
So, as some of you may remember I posted some ideas on the use of Honeyswap as a tool for Gardens almost a month ago Honeyswap alignment with Gardens and Iāve been pushing to try and get Honeyswap rolling again, and we finally had a conversation about the future of Honeyswap and some other settings at 1Hive.
There are a lot of things to define still but hereās a brief summary of what we talked about:
- We are looking at tweaking the interface a bit to bring it closer to 1Hiveās visual line.
- While trying to algin the efforts of all 1Hive, taking Gardens as a critical piece of our future, weāre looking to include Honeyswap as a tool for communities to incentivize and achieve deep liquidity with 1Hive as a strategic partner to help them along the way.
- We consider that the strategy of focusing Honeyswap on Gardens means that communities build TVL and their users generate volume.
- We explored the possibility of reforming or eliminating COMB altogether and using HNY in a controlled and intelligent way.
- The protocol fee that was normally destined for the common pool will now be sent to Tulipās multisig to cover maintenance and other expenses.
Here are some diagrams taken from the presentation that illustrate some of the proposals
We also talked a bit about the motivation and how we would go about it, itās important to remember that we can be very ambitious and think about a lot of things to do, but due to the lack of human and economic resources and the little interest in DeFi per se from the community, I wanted to focus the call on getting the most out of Honeyswap with as little effort as possible and making sure it aligns better with our high-level direction so it stays relevant over time. At least for now, Iām taking care of coordinating the work to the best of my extent with Hernando and Striker who are willing to put some work into this. Weāll see how to and if we can bring some more people in.
Here the slide and recording of the call: Honeyswap Roadmap Call Nov 24 - Google Drive
But not everything was about Honeyswap, within the framework of this call it was inevitable to talk about other problems that have been surrounding us.
We talked about how we operate, we like to experiment a lot but most of the time we donāt have plans to maintain what weāve invested into, we really need to be more responsible about what we do. This is the reason I suggested that Tulip Swarms receives Honeyswapās protocol fee directly to use it for maintenance.
The other big point on the call was Pollen and how it has been a tremendous expense over time that perhaps isnāt giving the expected results, for now we agreed to reduce de distributions to 5HNY a week and there are discussions to keep improving the policy and ensure that the distribution truly translates into more contributions and engagement.
We talked for a long time and Iām sure I forgot something, any questions or comments please let me know and Iāll gladly answer.
P.S. This is just a small recap of the meeting, we will post a concrete plan as soon as we know what exactly weāll do and what we would need.