Pillar Wallet Product Prioritization Vote

🆕 Updates
#1

Welcome to the roadmap prioritization vote. The team has made the following conclusions from the feedback of the community. We invite you to vote on the roadmap prioritization.

  1. Loading Performance Enhancement.

While responsiveness has significantly improved with Pillar V2. We have noticed that the loading of the app upon booting is approximately 4-5s after unlocking. This is very high from a user experience perspective. We would like to dedicate resources to improve the loading time significantly to increase the user experience.

  1. PLRnomics - Staking APY modelling.

In an effort to increase the utility of the PLR inside the ecosystem. We would like to start modelling on the most effective issuance of PLR tokens for users who stake their tokens with a lock up of 1 month, 3 month, 6 months and 12 months. The modelling will result in a proposal for the DAO on how much of the PLR tokens should be used. The scope of this is the analysis, not the product implementation of staking.

  1. In-App Multi-chain Exchange

In the current implementation,in-app swapping is only available for Ethereum mainnet via Uniswap and 1inch. With this implementation we will expand the coverage of swapping tokens to Polygon and Binance Smart Chain via 1inch.

  1. PLRnomics - Fee Capture for in-app token swaps

With this implementation it will be possible to apply a fee to the in-app swapping of tokens. This sets the foundation for the DAO to decide on the percentage that should apply for swaps and for an automation that allows automatic buy-backs of the PLR tokens off the market.

  • Loading Performance Enhancement
  • PLRnomics - Staking APY modelling
  • In-App Multi-chain Exchange
  • PLRnomics - Fee Capture for in-app token swaps

0 voters

1 Like
#2

These are all important issues that should be addressed now

1 Like
#3

Hard to choose one when all of the topics are important to implement.

2 Likes
#4

Welcome to the world of priorities :slight_smile: the plan is to implement them all but we have a finite of resources and we would like some validation from the community hence this soft vote.

#5

What is the delay approx for each topic ?

1 Like
#6

There is no delay to any of them, its about assigned priority as we can’t do everything at once.

#7

How long would it take to implement each one? I think that’s what we want to know…

“4. PLRnomics - Fee Capture for in-app token swaps”
Token utility/something that gives value to the token is what most of the community wants

#8

Estimates are difficult hence I have excluded them as investigations need to be done, then implementations. The easiest implementation is in-app multi-chain exchange.

#9

Add in-app multi-chain exchange with fees, discount if fees paid in PLR

#10

Discount if PLR is staked is the idea on different lock ups. Not paid with PLR tokens as that would be a sell off of PLR tokens to pay with ETH.

#11

The idea needs to add utility to the PLR token. If the price of the token moves and gets some volume that is also free marketing.

Users hold PLR → in-app trade has extra trade fee in PLR → PLR transferred to DAO
Not sure how that is sell off of PLR tokens

#12

Not in PLR as that would mean a user will need to have PLR tokens and the fee will be charged in PLR. The idea is to charge a fee either with ETH (or matic, bnb etc) or receive less from the tokens swaps. These assets could then be used to send to the DAO or automatically buy PLR tokens off the market. This implementation sets the foundation for the fee capture model to enable the PLRnomics on this.

#13

If this PLR fee from this discount-fee version of trade goes to the treasury then it’s similar to buyback in that there’s no selloff of PLR tokens. Why not charge a fee in PLR?

#14

Because that would mean that the user needs to have PLR tokens which in turn means that they can’t perform a swap without PLR tokens.

#15

Two versions of swap, one with discounted trade fees utilizing PLR, the other version with full trade fees in that token or in Ether (buyback PLR with those)

#16

This is the same principle really but instead using PLR to pay for fees, you get discount with the PLR tokens staked based on 1 month, 3 months, 6 months and 12 months (higher discount based on length) on the fee that is set. For example there is an application of 0.85% on every swap, you can be charged less based on the length. If you don’t stake PLR tokens, you get the full percentage charged but every fee should be used to either buy back or sent to the DAO treasury.

#17

I voted for PLRNomics - think this is the most important thing to setup… anything to improve utility at this point.
Staking would have been my second choice as that also adds value to PLR holders…
As for staking, I know we have the Pillar Rewards Dashboard,…
Did anyone have a look at the Prism Protocol and their staking pools?
I am staking some coins there, any they work in a similar fashion to the Pillar Rewards Dashboard, so not sure if it’s worth pursuing as Pillar has their own custom solution.
Ref:
https://app.prismnetwork.io/pools
Anyway perhaps the mentioned combination of adding fees and then having lower fees with staking is the best for a start of utility…
Also if the PLR Rewards dashboard can be completely moved to in-app that is the best UX.

#18

I voted for staking because staking is something I hear people being excited about, talking about, trying to learn more about. I think staking can be promoted. It can be a talking point, a webinar lesson, and something to share and build PR around. That leads to awareness, and hopefully awareness leads to new community members, and hopefully that leads to a stronger DAO. Some of the others can be promoted too.

#19

I’m good with whatever passes but it would seem we would have more exchange volume if we included the side chains that Etherspot was designed to support. I just don’t see Pillar having much volume on ETH only exchanges and thus much fees to collect.

1 Like
#20

I think the tokens captured from in-app swaps can also be used to finance rewards for the staking programs.