Following the ARDC recommendation, we believe that this proposed addendum requires further review by the DAO. Therefore, we challenge its optimistic approval so that the delegates can form an opinion on the merit of renewing the incentives received during the STIP.
We are publishing the review conducted by Blockworks for greater visibility and advice to the applicant to provide an explanation for the concerns raised.
“Minimal growth visible during program. Stated that most usage derived from wash trading, which led to the protocol withholding funds. ARB has been sent to Kraken, unclear how all funds have been used throughout the program. Project asking for 350K ARB (received 59.5K ARB in the first STIP). New incentive program not exactly defined.”