Ever heard of the time value of money? Waiting comes at a cost; it is not free.
Yes, that’s what Marinade’s liquid unstaking mSOL/SOL pool with usd 13.1MM liquidity does: exchange time for money. And that’s why, IMHO, fixed $900K on mSOL/USDC is not relevant rigth now.
If I understand correctly, a positive thing from Lifinity is that the fee & spread are low, but what we need right now on mSOL/USDC is depth, so cheap fees are good but not the decisive factor here, in our case mSOL->SOL->USDC is a valid route for liquidations.
You cited mistaken figures about us in (iirc) the proposal thread too. Please check carefully before making claims like this.
You said it was 43% APR on the proposal discussion, I’m just quoting you.
Maybe for the sake of transparency, you should have said in that post:
Durden: APR, yes. Our proposed deal with Marinade is a one-time grant, so no there will not be on-going payments… except for 390,000 MNDE a month compounding that we will be getting from the gauge