Hi Kiril, thank you for your response and Nexo’s commitment to increasing DAI usage.
Firstly, I am very keen to see the assessment from @aes as mentioned by @primoz above. I expect this will provide the community with scenario analysis data to confirm the competitive parameters of this proposal.
In the interim however, and in response to the above discussion; PE, Risk and Growth would like to put forward our recommendation that the origination fee remain at the stated 1%. We consider this to be a competitive arrangement and would only recommend the community consider reducing this fee if the amount of DAI generated begins to approach or exceed 1B.
Similarly, we would like to see 200M as the initial/additional commitment on top of Nexo’s existing exposure. We see this as mutually beneficial when combined with the gradual reduction of the stability fee - something no other vaults are getting. Any amount less than 200M reduces the benefit to Maker relative to existing vault parameters.
As always, MKR voters will be the ultimate deciders and we welcome alternative views and perspectives on the above.
With regards to the timeline - the code is written and we can have this product available almost immediately pending Governance and Community approval. The above proposal has also sparked discussion with other DeFi ecosystem entities who are in discussions with the Growth Team, so it is positive news that although we are finding our feet while negotiating on behalf of a DAO (something that has rarely/if ever been done before in this context), it is getting the attention of others in this industry and is being seen as a favourable solution, which is great!