The following reflects the views of L2BEAT’s governance team, composed of @krst, @Sinkas, and @Manugotsuka, and it’s based on their combined research, fact-checking, and ideation.
We are voting FOR the proposal.
It does not make sense to continue subsidizing the use of Nova when its competitive advantage over Arbitrum One has diminished to the point of irrelevance due to blobs, and while its TVS and activity have been constantly decreasing.
If anything, the removal of the cap could either make Nova sustainable by allowing batch posters to recoup their costs or ultimately consolidate users to Arbitrum One and Orbit chains due to higher transaction fees.