Here is some more detail on how we actually progress on these items.
Step 1: Pooled Staking
This is a building block for many other items, it doesn’t directly impact the above but it helps fuel everything. Keep an eye out for timing on release, we’re getting close.
Step 2: Simplified Pricing
See the related pricing thread Smart contract cover pricing algorithm - #4 by Hugh
This is another fundamental building block that will not only address several items (dynamic pricing, capacity dynamics, allow greater width of coverage, allow upgradeability coverage), but it will also enable the mutual to build new products relatively easily, including cover for stacked risk. More details on the proposed mechanics will be shared soon.
Step 2a: Increase Risk Assessor Rewards
Needed to encourage an active staking network. Implementation is simple as it just requires a governance vote to change the parameter. We appear to have quite broad agreement based on the recent signalling vote so we will push this into governance soon (likely synchronised with other changes to help with voter participation)
Step 2b: Remove Upgrade Exclusion
A small but important step in widening the risk coverage. This is effectively blocking cover on Synthetix and other protocols that more regularly upgrade. It is also quite difficult to enforce from a claims perspective. Very easy to implement, just requires re-drafting the current wording document and a governance vote.
Future steps: Partial Claims, Link to Actual Loss, New Products
Exact details still to be decided including priority order, so looking for feedback here. The partial claims one is a larger build effort but also opens up many possibilities on the product side so is a key building block for the future.
