Completely agree here, though I think it is a separate program. Each program should have one goal and the program that makes Arbitrum the leading defi hub by building deep liquidity, attracting high demand assets, and creating a flywheel of liquidity, trading volumen, user retention, and innovation - is not going to also be the one to crack cold start problems.
As long as this is a discussion of focus, I think the overall incentive program should have 3 parallel workstreams with different objectives. This program may be one, encouraging new protocols to get over the cold start problem is another. Maybe native issuance is another.
As long as we recognize that
- To acheive multiple goals, we need multiple focused workstreams
- The highest priority is bringing deep liquidity
- Data driven with humans in the loop on monthly epochs is likely best approach
then I’m all for this.
Thanks for the great analysis and insights @momir_iosg