Following the ARDC recommendation, we believe that this proposed addendum requires further review by the DAO. Therefore, we challenge its optimistic approval so that the delegates can form an opinion on the merit of renewing the incentives received during the STIP.
We are publishing the review conducted by Blockworks for greater visibility and advice to the applicant to provide an explanation for the concerns raised.
“Exact incentive distribution mechanisms from original STIP somewhat unclear. Most of the growth during the first program seems to have come through the launch of their trading quests campaign, but activity has since died down. 45% of Bridge funds would be allocated to new campaigns. The distribution method for the partnership co-incentive program (25% Bridge allocation) still unclear. Overall, difficult to judge the program’s effectiveness”