We don’t think distributing a second airdrop is a good idea. There’s a high chance that most of it will end up being sold on the market. The DAO needs to ensure ARB’s price remains stable, otherwise, there’s no incentive for people to hold it.
Check the price action of ARB:
Just 10 days ago, we were at All-Time Lows. As a DAO, we need to avoid initiatives that contribute to sell pressure. Otherwise, demand for ARB will decline, and people will lose trust in the DAO’s ability to create value for ARB holders.
There are far more effective ways to allocate 500 million ARB to drive growth. We could use it to incentivize liquidity to migrate to Arbitrum instead of competing networks or to encourage more protocols to deploy on Arbitrum (for example, Morpho and Euler).
Once people receive the airdrop, they’ll know there won’t be another one anytime soon. This won’t motivate them to keep building, as the incentive will have already been distributed.