yep we can asume some people dont understand fully the proposal or AV limitations, or they dont hold any alpaca and just want to reap best rewards
4 Likes
but why? the people waiting can lock alpaca into vault and then use the funds, it doesnt make sense to satisfy “needs” of peiople that dont support the protocol on expense of people supporting it once we identified it
3 Likes
it should be clearly communicated prior to next 8x vault is opened that to enter in you must have an xAlpaca locked, so people are expecting this if this proposal passes ( and it should as its win win for all interested parties)
2 Likes
There are people already waiting with their funds for the next 8x to be release, yeah noted that alpaca users stand to gain the most out of these, but the AV also attracted new users that wanted to try it out first and test the waters before committing into locking their alpaca(if they want to join the new AV)
they can test the waters in 3x vaults, and if they want higher yields that require xAlpaca, i dont see a problem there
4 Likes
There are multiple classes of stakeholders. There are ALPACA holders who invest directly in us, and there are people who earn profits in our platform, or a combination of both. Since 8x capacity is limited, I prefer giving access to those who are actually invested in our platform. They are taking larger risks and providing more support than those who are just seeking maximum profits for themselves, for which the platform is often interchangeable.
And 3x APYs are still higher than users can get anywhere else. The demand on 3x vaults will increase as a result of this proposal, and the total revenue per dollar of TVL to xALPACA holders will increase too.
6 Likes
the UI will certainly have some information
I would like to point out that BNB-USDT 3x filled in something like 1 hour last time so there is quite a decent demand for 3x
3 Likes
As an xALPACA holder, I like this proposal. It’s only fair to let people who support and show faith in the protocol by locking their stake reap the rewards.
One issue I can see with this though is that some xALPACA holders might prefer 3x vaults.
By lowering access to the 8x vaults, I expect demand for 3x vaults to be higher and we might run into the same problem 8x vaults had.
Would limiting access to 3x vaults as well be too greedy?
2 Likes
but it had boosted APYs as it was sitting at 70% APY on 3X AV due to inflow of lending in past 24 hours for USDT, so such behaviour probably should not be expected for all 3x AVs as thats the highest APY pool and it was temporarily boosted by fees and mentioned utilization
To me it feels like a lot of engineering efforts to limit access and all this stuff. I’d rather see the time spent just scaling it up and expanding to more chains. Let’s focus on creating more capacity!
If creating capacity can not be unlimited, then maybe it makes sense to restrict it to Alpaca holders.
3 Likes
IMO that’s amazing idea. you want to have highest APY - lock alpaca. That way it will push Alpaca price higher. More holders, more locked alpaca, better conditions to holders.
Right now x8 fill for 0.5-1.5 hours max. And some people can even try VA for themselves.
Linear allocation is for the best, imo. You could have 19k alpaca and have 10k investments. But you will only be able to give to AV 1k.
Since alpaca is not used in AUSD this is amazing utility that will push price waaay higher
UPD - another thought. I definitely hope that only holders will be able to invest in x8. So if this will pass i think that it would be great to note holders beforehand that new AV will be started in X days. So please buy and lock alpaca before hand if you want to participate.
And also big question about time of lock. IMO apart from amont of xAlpaca there should be another rule - lock for not less than a month. Otherwise some big player can lock for small time and still use AV
4 Likes
Bare with me:
Goals
A – Make Alpaca TVL growth huge like in mid term to 10B.
B – Help ALPACA Token increase in value (to LYF Farmers of ALPACA-BUSD, Alpaca holders in wallet and xAlpaca long term investors)
C – Being known to the bigger High Leverage with low risk Provider in all market conditions (aka AV King).
We need to move fast because any other protocol can front run us in a bigger defi space like Ethereum.
What I will do to achieve A:
1 – Start opening more AV according the market requirements, not 1 a week or any fixed schedule, just every time the AV are full I will open a new one even if is a small one and I will increase the capacity up to max safe and then I will open a new again.
2 – Will try to maintain lending rates while open AV as market request, this will attract more Lenders:
BNB around 8-15% APY
BUSD and USDT at 10-20% APY
BTC, ETH at 5-10% APY
3 – In order to growth we need to have NO ENTRY BARRIERS, look ByBit, Phemex, Delta, all of them even pay you huge bonus to use they platforms, why we should do the opposite? So I really think is a bad idea to request xAlpaca to enter in AV.
What I will do to achieve B:
1 – Instead of request some xALPACA to be locked to use high leverage AV, I will open ALPACA-BUSD AV of 3x of 1M, then I will increase to 2M and so on up to safe…if the slippage is too much I will limit the entry to 10k so the users that want a bigger position need to split their entries in this AV, same for exit to prevent high slippage.
2 – I will evaluate to create a 8X ALPACA-BUSD AV after the test with the 3x.
3 – This will create a huge lock of ALPACA without the need of create a Lock in the Governance and of course will benefit every Alpaca holder even if they have the tokens sited in their wallet.
3 – With more AV, more Protocol revenue will be generated to benefit xAlpaca Holders and will help the ALPACA token increase in price.
4 – Even we can increase the amount of % that each AV can contribute to xAlpaca in some vaults.
What I will do to achieve C:
1 – I will implement A and B.
Sorry for my english 
1 Like
actually it filled in under 10 minutes (8x AV) i tried to enter in under 10 mins since release and already got failing transactions
It’s hypothetical so I’d prefer to see if something like this actually happened before considering it. I would say if we can fill up all the available capacity on BNB Chain with 3x vaults, it would be better for the protocol to only have 3x vaults because they would bring in more revenue.
2 Likes
It’s the latter. [For Discussion] Limiting Access to Automated Vault - #29 by Samsara
First, thanks for the long proposal. I think you may be misunderstanding some of the key issues here.
“3 – In order to growth we need to have NO ENTRY BARRIERS, look ByBit, Phemex, Delta, all of them even pay you huge bonus to use they platforms, why we should do the opposite? So I really think is a bad idea to request xAlpaca to enter in AV.”
This is due to the competitive environment. Those CEXes are almost interchangeable commodities, which means users don’t care much about using one or the other. As a result, these companies have to compete with each other by price-cutting trading fees and even paying users an upfront bonus to earn more from them later. Furthermore, they have no limit on their capacity for trading.
In the case of 8x AV, where else can you earn triple digit APYs on a market neutral strategy? At least in my case, I haven’t seen anything close to that. So because we’re the only game in town and the supply can’t meet demand, we have an overabundance of customers and a lack of competitors. As a result, the last 8x vault filled up in minutes.
Knowing all this, if we gave out bonuses like ByBit, would it increase our revenues? No, I think it should be clear now that it won’t That’s impossible. Because there would be no spare capacity even if more customers came.
Finally, probably all those exchanges you listed have special services for large clients/VIPs, which are not available to the clients, such as lower trading fees, 24-hour customer service, OTC, etc. So it’s also not true that they have no entry barriers.
2 Likes
Sir , 8x vaults borrow more and its more good for utilization and tvl while increasing alpaca burns
For example belt has a portfolio managememt system that gives more liqudity to higher apy lendings
İf alpaca lending apy is up, both normal investors and bot belts contract will deposit and will result tvl&fees&burns&price going up
So i think launching some btc vaults to attract more btc (since btc lending has maximum %1 interest on defi, if we can achive %2-2.5 we can attract a lot of Tvl
Also this is why i will vote NO
Alpaca aldready has many utility
If you do that don’t make 8x only for alpaca stakers
Make half/half
Launch 2
One will be public vault 8x
And second 25M$ for xalpaca stakers
This way we can increase 8x farms when we need
Actually we don’t need the time lock since xALPACA already takes care of that, because to have almost 1 to 1 you need to lock for a year, so to lock for a month only one probably needs to lock 10 times or more of ALPACA in order to have the same xALPACA I have locked for a year
And also option #2 is worsts its directly limiting the tvl that we can get in automated vaults
#1 is limiting too but at least whale can deposit LOL!
And as a reminder since its a Contract anyone can fork alpaca’s automated vault contract and this will result downing apy’s for us while they are stealing TVL
We are in defi please don’t make much exclusive things that can be stolen
We can get utility on our game or smth else