I’m in strong favor of this concept. Getting more people to transact and stay on Arbitrum includes not just defi usecases but all types of users which include memecoin enjoyers. To simply ignore that entire slice of crypto users will be a short term and a long term loss for Arbitrum. This proposal won’t be the silver bullet to solve everything but it would be a strong step in a direction that showcases the Arbitrum is willing to support all types of users.
This proposal would send a good signal and would likely capture new users who haven’t made the journey to Arbitrum because there is extremely limited meme interest right now relative to almost every other place. Some of those users will stay and continue using the entire ecosystem and become a net positive.
Edit: If anything, perhaps increasing the memecoin fund by 3-4x above the current proposal would make sense imo.