Hey @barakman @teamAsaf @eldude
Thanks for your comments, we deeply appreciate your input into the conversation!
I would suggest moving the discussion on the Almanak Performance to the report conversation so we can apply your feedback and suggestions:
Answering Asaf’s and Barak’s questions, there is formal verification of the performance: 2022_12_14_Bancor_Almanak_Update - Google Slides
I highly encourage you to check the slide: Almanak Fee Performance and Almanak Pools Performance.
We are comparing Almanak-managed pools vs non-managed in terms of the fees generated, normalized by the volume. Note that Almanak outperforms other benchmark pools on additional fees generated without cutting the volume. Unfortunately, AB testing is challenging and we agreed previously with the Bancor R&D team that it is not the best way forward.
The purpose of the proposal:
ICHI is among the top 5 biggest pools on Bancor, therefore adding it to the optimization trial period should be beneficial for Bancor DAO. As @mh89spd mentioned above, the increase in the pool volume will positively affect the BNT price due to an increase in fees which will affect more BNTs to be bought from the open market.
We are hearing your concerns about additional gas costs, Almanak has been told that the gas cost is a minor cost for the foundation. However, we can come back to ICHI and ask for this cost reimbursement as well. Alternatively, at the end of each month, Almanak can reimburse the foundation for the gas cost of ICHI updates. We anticipate that the gas cost of the TL and fees update will be around $250 per month per pool.
Looking forward to hearing your further feedback!