Treasure’s Arbitrum Representative Council voted “For” this proposal.
We have consistently backed this program as it navigates through the governance process. Arbitrum operates in a fiercely competitive environment, where incentives play a crucial role in enticing and retaining users while fostering ecosystem growth. Though STIP had its flaws, it served as a valuable first experiment, with lessons learned integrated into the more comprehensive incentive program outlined here.
Moving forward, we are eager to see data analysis taking a pivotal role in guiding the continuous funding of projects and commend the efforts of OBL and @paulsengh thus far. Through rigorous analysis, the Council and DAO should be empowered to more effectively evaluate the highest return on investment for its funds and concentrate distribution toward protocols that demonstrate the most efficient utilization of incentives to stimulate sustained user growth. While defining “success” with incentives may not always be straightforward, we have faith in the multitude of highly skilled individuals collaborating within LTIPP and throughout the DAO to formulate comprehensive solutions to this question.
It is worth highlighting that we were dissatisfied with the mechanism behind the election. Our comments on this topic can be viewed here. However, we are keen that perfect not be the enemy of good and so will continue to offer our overall support for the program.
We wish the LTIPP Council and Advisors the best of luck and they step up to take on this critical role for the DAO 