matthew chaim
@chaim.eth
@jake why get rid of the $QR auction pricing entirely, as oppose to allowing checkout in USDC (or any token) but keep $QR as the auction settling token with some swap-and-buy magic behind the scenes? it takes $QR out of circulation and gives it strong utility (albeit diluted by the fact that any token will do). is it just tech complexity, or does it feel pointless/contrived, or some other reason? asking here as i imagine others wld also be interested in the thinking behind it
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JAKE
@jake
Thanks for the question. I shared your perspective previously and it makes complete logical sense in theory that $QR native bidding or auto-swapping some portion of the winning bids into $QR would benefit the token. However in practice after trying both bidding in ETH and swapping 100% of it to $QR and then trying $QR native bidding for a while we found it has not noticeable impact on token price. I am still open to doing some auto-swapping or certainly allowing bids from more than just USDC (without adding any more friction from choice if possible) in the future but for now none of this is a priority as the auction fundamentally works and I have a higher priority change to make on it (which also may not be soon as we have many non auction mechanic priorities first). Lastly, we believe $QR can be very effectively tied into the product in other ways primarily via incentives, giving out QR for people to take desired actions. More below on why USDC: https://farcaster.xyz/jake/0x8172ec0c
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