DeFi Renaissance Incentive Program (DRIP)

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.

In our previous comment, we raised some concerns regarding the proposal and the information available. Although not all of our points were addressed, we support moving the proposal forward and continue ironing out the details before it goes to an onchain vote.

The two things we’d like to have some clarity on are:

  1. Measure of success.

We understand having flexibility to adjust seasons and their goals, and by extension the relevant KPIs, but right now there’s literally no way for us to know ahead of time what success is going to look like, or how we could track it.

  1. DAO involvement.

Even with the amended language, it’s still not clear how the DAO can get involved with the program, and particularly with its oversight. While we understand that, in theory, anyone can reach out to Entropy to offer suggestions, it’s not specified how the DAO can act in case the program is not delivering expected results.

We hope for those two things to be clarified before we move to the onchain vote, but we don’t feel it is blocking at this stage for temperature check.