Rapid depletion, militant farming of rewards and growing competition are all valid concerns in the abstract. But we should be careful about duct-taping on a select of additional complexity through interim modifications and new mechanisms to try to “solve” these constant threats. Instead we should work from the snags of the current program to resolve identifiable issues with minimal added complexity.
If an extension and modifications are to be agreed, these should be considered in the context of Gnosis’ wider full-stack decentralisation vision and not just as isolated changes to the live program.
With 3-4 months left, now is the perfect time to discuss a modified extension and how that might extend to support more of the ecosystem. So thank you @MaCos for kickstarting the discussion . However, we do believe that (i) this should be an extension rather than a revision of the existing work, and (ii) this should be a gradual process of consultation over the next 1-2 months.
As I said. Thanks again for initiating this. I’m right there with you about sustainability. However, a balance must be struck.
With regard to the rapidly decreasing cashback treasury, I am convinced that this will be extended again after a DAO vote. This should give it a few more months, even if it is not a permanent solution.
Regarding the interest in a card whose budget is running out. Do you have an example of a card that has managed to build a sustainable cashback system? All the ones I’ve seen so far either don’t have a sustainable system, but don’t communicate that which gives the impression of a never-ending cashback (scam-like) or have a cap that is simply not attractive. 5€ cashback per month with massive effort does not attract customers.
Regarding the criticism of simplification. Basically, I agree with you. But look at examples like Plutus, who put a new complex layer on top of the old one almost every week to somehow conceal the fact that the system is at its end. Anyone who has experienced this knows that it scares off more users than it attracts. And that is ultimately the goal, isn’t it? Without users, the card is pointless - and without cashback, there are no users.
Hi all, just a comment from me, a Gnosis Card user. I don’t think the card alone can attract users, except for a while when the cashback is attractive. The competition is really between wallets or banks. Metri needs to compete with centralized apps, like Revolut. The card is just one “must have service” among other services like: on- off ramp, bridges, IBAN (Monerium), swaps (cowswap), savings (sDai), investing (maybe real-wordl tokens), aave borrowing, Circles, etc. So, I really think the Metri wallet could be an important part.
Today, I rather use Rabby as wallet with no card integration, and Gnosis Pay with the web interface separately. The challenge is to build something simple, yet with many functions and services integrated.
. However, we do believe that (i) this should be an extension rather than a revision of the existing work, and (ii) this should be a gradual process of consultation over the next 1-2 months.