The below response reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking and ideation of the two.
We are voting FOR this proposal with our preffered order of budget allocation being 50M, 25M, 75M.
Having attended the workshops and consulted with other delegates, we have decided that we’ll be voting in favor of this proposal. We do believe there are kinks to work out and that the impact such a program will have won’t necessary be what we’d ideally want, but we realise that sitting on our hands will cause a greater harm to the DAO and the Arbitrum ecosystem as a whole.
While we think 25M might not be enough as a overall budget to achieve the overarching goal of attracting liquidity, we are also skeptical of allocating 75M ARB towards a short-term pilot program. With that in mind, we feel much comfortable voting in favour of distributing 50M ARB and we’ll be paying close attention both to the execution, but also to the impact the incentives will have.