Better to have this conversation now than later, curious how the @initia core team think about the -3,-3 situation? There's already early sign where INIT funding rate gone negative recently. If we look at funding history of BERA, it's been very negative (-50% or more) most of the time, even at today's price, likely due to many delta neutral farmers farm BGT and short BERA. How can initia prevent (or stop) this negative feedback loop?
Initia has been live for two months and we haven't seen too many organic activities, although VIP is much more conservative than POL on incentivizing idle liquidity, plus the VIP reward is locked for 1 year, and cabal's sxINIT is not liquid yet, it's still reasonable for community to worry why INIT will not run into the same issue BERA run into.
@ItsAlwaysZonny @sinitias
[translated to chinese] 现在有必要让initia团队的人公开讨论下,INIT怎么避免BERA那种负循环的情况发生? 虽然vip比pol要保守很多,没用的激励更少,奖励是有锁的,cabal(initia的infrared)的LST还不流通,但还有什么角度?
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