As I’ve mentioned in multiple places, I share Jev’s concern about the transition between the two. The repeated lack of information around it, is a large source of concern for me.
This is much more than a proposal adding a new feature. This is a proposal to change something to another contract, that is being used by many apps already. If this isn’t managed well, this could cause a lot of backlash from the community with regards the reliability of Tezos.
- Has work been done to update on-chain constants so that apps can find the new contract?
- Does the old constant still appear so apps can allow users to withdraw from one and add to the other?
- Have the app makers confirmed that they have time to build a migration flow from one LB contract to another, explaining that the subsidy has ended and they need to migrate to continue receiving interest?
- Some of the bakers pushing for no-LB have expressed concerns about what happens to the value of Liquidity, when the subsidy ends, and users try to withdraw. Has any thought been put into this with regards switching? Has it been simulated/tested?
- There are some institutional investors providing liquidity to LB (to the best of my knowledge), has there been any conversation with them in regards to this? Have they signed up to convert their liquidity to USDtz?
