The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting in favor of the proposal, and we appreciate Matt’s willingness to handle the accountability part in the context of the LTIPP and STIP.B. The proposal itself is very comprehensive, and both Kwenta and Perennial have a solid track record in Optimism.
Having said that, we want to note that we are against any structure that promotes the cannibalization of users from other Ethereum ecosystems (we’re referring to the following quote from the proposal):
Targeting Kwenta users from Optimism and Base using incentives to bring them to Arbitrum makes little sense and is something we’d rather avoid. Instead, the focus should be on sidelined Kwenta users who want to trade on Arbitrum and CEX traders.
Overall, we find the proposal to be valuable, but we’d like to see the above point addressed, and the high level goal of the incentive distribution to not focus on existing Kwenta users on other protocols.