I love these suggestions… one important thing that maybe I didn’t make clear in the proposal is that each team is absolutely locked into the Arbitrum ecosystem and the success of ARB because their token’s price is directly pegged to the ARB price.
The Augmented Bonding Curve’s (ABC) collateral will be ARB and the LPs on Camelot will be ARB pairs so if ARB goes up 5%, the builder’s token goes up 5%, if ARB goes down 3%, the builder’s token goes down 3%. There is a direct economic connection between each team’s token and $ARB. Even if they nridge their token to other chains… their liquidity is here and denominated in ARB. I can’t think of another program that offers stronger aligned incentives.
Also, we are absolutely excited about doubling down on our successful launch of Prismo’s L2 gas token, and would love to repeat that same success with Orbit chains.
We can’t really do this, we are using bancor-style bonding curves with a 12.5% reserve ratio, this means that if we only put $25k in the bonding curve their fair launch would start at a market cap of $200k. This is too low in my opinion for most teams we are talking to. We could do funny things… like launch the ABC with less collateral than it is supposed to have, but that is very bad practice.
We are looking at a solution that could work like this, where we would put KPI vesting on the team’s tokens. This was in the original ABC design. The main KPIs we would look at are related to secondary market liquidity, circulating supply and market cap.
If we can implement KPI vesting then we could have a clawback mechanism.