Thank you for the long-awaited proposal.
- First, I want to support the initiative, where the goals of the Arbitrum are put first, not the protocols. This time, the Arbitrum will voice the goals, and not the protocols themselves, saying what they need. This is good, however, why are you sure that in this case there will not be the same result as last time? Why in the same example about wstETH all the borrowing will not go to another chain when the season ends?
- In this program, vesting of rewards was not announced in any way, which was used by some protocols in the past grant program and which showed the best result. In order not to reduce the cost of ARB once again due to high costs, it seems to me that vesting should be included in the distribution of tokens.
- 20 million ARB per month (and at the moment it is about $5.7 million, and I do not see any prerequisites for a significant change in the price in the near future) is a small amount to be distributed over 3 months. It is necessary to conduct the first season and possibly increase this figure.
- There are still questions about the distribution of ARB. How often should a partner conduct such an analysis and how often, accordingly, will the funds be distributed? Previously, in previous programs, partners themselves distributed ARB automatically, but how it will be implemented here is not entirely clear.
- Will there be information only on the partners’ website about the season, or will there be a separate website or a section on the official Arbitrum website about the progress of the seasons and their results?
- Nowhere are any specific percentages announced, how much the management of this program can spend on operational activities. It seems to me that this needs to be added so that everyone understands that in fact we will not have 20 million per month, but a maximum of 18 (as an example).
- I don’t think it’s a good idea to be able to stop or cancel the season - it will have a bad effect on the reputation of the Arbitrum. There will be a committee that will meticulously develop the new season, and if it is not sure about something, then it’s probably worth thinking about changing the committee to other specialists. What I mean is that it’s better to prepare in advance than to lose our reputation later. And also, it’s probably worth publishing these discussions in some preliminary results on the forum, so that the community can adjust the season to avoid problems in the future.