IF Participants

[3thereum]

2 possible ideas regarding IF participants:

1. Token gated: Currently, anyone is able to stake into the Insurance Fund, whether they're active users of Drift or not, or whether they give a shit about Drift or not tbh lol. Perhaps if there was some implementation of a token whereby the more tokens you hold leads to a greater allowance for staking into the IF, this could create some nice incentives.

2. Based on trading volume: Perhaps some ratio of trading volume grants you allowance to stake into the IF. Probably less than 1:1 ratio since leverage is readily available, and/or take into account average volume over X amount of days. Other metrics can be considered too of course.

I think there's potential for either or both of these ideas to flywheel things harder! But keep in mind these suggestions are coming from someone who is severely redacted 🫡 so I'm sure there's better ideas floating around!

[cppethereum]

Proportional # of tokens staked => Less damage from bankruptcies

[Banditx0x]

As a counterpoint: a rational actor staking into the Insurance Fund is showing that they believe in the security of Drift Protocol so they kinda would have to "give a shit" about Drift. Insurance Fund stakers are providing value to the protocol by taking on risks if Drift gets hacked or becomes insolvent.

[tcmadt]

The IF makes the protocol healthier so there is no need to gate it.