I love how the marketing (MAGA) is being play, I see some solid points but also some concerns:
Good stuff:
- The 2-week iteration cycles + oversight committee is based. Way better than STIP/LTIPP where protocols got funds directly with barely any accountability
- Clear KPIs tied to actual market impact
- The double step of bridge + deposit requirement for incentives is smart to avoid internal recycling of funds
But here’s what id like us to discuss more:
- Make sure funds are safu and dive deep on
** Contract security measures
** Audit requirements
** Fund protection mechanisms
** Incident response procedures
** Loss protection policies
- The success committee structure feels too centralized - it’s mostly just big players who can veto stuff. Would be better to have some actual delegates/users in there who understand market dynamics
- The loyalty system sounds cool but there’s no concrete mechanics spelled out. Need specifics on how they’ll actually make liquidity sticky beyond just “trust us”
My main suggestion: Add concrete penalties or clawbacks if KPIs aren’t hit. Right now the only real accountability is the committee can cancel future seasons. We should have more skin in the game - maybe put the fixed fees in escrow and release based on hitting targets.