Help small investors and create a great community.
We started to take the first steps as a community and now we have the right and the duty to participate all together and make proposals in order to help the growth of IDLE and the whole ecosystem. Obviously many of the people who participate are small investors and do not have the ability and the possibility to invest large amounts. A self-respecting community must take on everyone’s problems, especially its weakest members.
In the last eight months we have seen the cost of gas for transactions reach very high levels and this leads to discourage the use of DeFi by many small investors, who would see the already few gains made due to the high cost of investment and withdrawal operations. This problem could preclude the possibility of using idle.finance services for many people with small capital.
Incentivize the cost of gas for all those investments below $ 1000
My idea is to incentivize the cost of gas for investment operations in pools by creating a specific fund powered by a percentage of the Governance Treasury. The gas would be paid for by idle protocol in order to help small investments and grow the community. This incentive can also help use the platform as an investment fund, allowing users to make monthly payments of small amounts and/or create a Dollar-Cost Averaging (DCA) fund.
Incentivize the cost of gas for Governance votes.
As a community we are required to vote on the proposals and initiatives that are presented to improve the protocol and the entire ecosystem of the platform. Many people, especially small investors, do not participate in the voting also due to the cost of gas which would erode the already small gains made. My proposal is to encourage voting by making the protocol pay for gas, drawing on an incentive fund.
The use of meta-transactions could also be hypothesized, as has already happened in the past through Biconomy, using a platform fund or also finding sponsors who can cover the costs for the incentives.