Proposal for Funding Gas Rebate and Trading Competition Program to Amplify Arbitrum’s Ecosystem Growth

[AbdullahUmar]

Below is the perspective of the Uniswap DAO’s Arbitrum governance team, composed of @juanbug and @AbdullahUmar:

@AbdullahUmar

Funding Gas Rebate and Trading Competition Program to Amplify Arbitrum’s Ecosystem Growth

Vote: Do Not Fund

We voted against this proposal because general incentive programs initiated by individual protocols are not favorable for the DAO from an organizational perspective. It makes operations more messy. If an individual protocol has a unique contribution to propose–something that goes beyond mere user acquisition via incentive programs–then such a proposal would be intriguing. The reason the STIPs were created was to collectively enable the DAO to choose which protocols should be involved in a large-scale incentive program. Therefore, Rage Trade should have applied for the first round of STIPs. Plus, it’s probably best to ask for incentives when Rage is out of its closed beta phase. Waiting for round 2 of STIPs would therefore be best to re-propose this rebate program.

We also feel that this proposal would be better received if it were created by a collection of perp platforms, not just Rage. This would make it more of a community initiative as opposed to just a Rage Trade initiative (yes, we understand that it’s ideally meant to benefit Arbitrum as a whole, but that means other perp protocols should also be involved in the conversation). It may be wise to talk to the teams at MUX & GMX, for example, and try to co-author such an initiative. Without an inclusive ecosystem buy-in, we feel that this proposal is not as appealing as it could be.