Oppose reducing the pools on the most part…
If there was a reduction i think 50 should be the minimum. Having this many pools also allows for smaller projects to participate and if there were less pools it would also allow those with the highest tiny power or that control the most tiny power to easily concentrate it into a small group of pools or just into one and thats with the eco system being small as it is. The hope should be to onboard more people so that one day 60 pools feels like too little, NOT to shrink the amount of pools so that control falls into the hands of a few…
I want to highlight in regards to this:
USDC/ALGO
fUSDC/fALGO
USDC/tALGO
All do the exact same thing, swap usdc and algo. (there’s also fusdc/ftalgo).
And my understanding is that routers will use whatever will give a user the best deal when trading – so if you swap usdc for algo it is possible depending on market conditions it will be routed through other pools than just the one swap you select to get the best deal.
So if we can encourage more liquidity in fasset pairings and talgo pairings relative to the underlying asset we can hopefully drive more fees collected to pool token holders as well. As these smaller pools grow more people will hopefully see the value in them grow as well and we can get a positive feed-back loop of more flocking to them.
The overlooked falgo and taglo pairings provide FAR more benefits to both the holder and the ecosystem as a whole – and as a result to the Algo, Tiny, and Folks investor (aka us).
fAlgo allows a user duel yeilds from both swap fees and Folks Finance lending while also providing liquidity for swaps in Tiny and a deeper lending pool for Folks. You compound both your return and the overall value added to the Algorand defi space.
Encouraging more liquidity in these duel-benefit pools via our Tiny Farming Rewards is imo one of the best ways to strengthen the underlying value in Algo. It’s also one of the EASIEST things we can do as users/govs, spending some of our individual voting power to boost these pools and try to draw more liquidity into them.