That’s why we are having several meetings, working groups, and the current detox season: to have a better structured incentive program.
I’m probably wrong, but I don’t see how swapping tokens and having them locked for at least one year does provide sustainability for an interested protocol. Helping with marketing, incentives, security, etcetera, does.
Just as a thought exercise: Why would Camelot or GMX apply for this Program?
Do they want more ARB to participate in governance? (for the 1st year) Maybe
Do they want the Arbitrum DAO involved in their governance? (when it exists) I’m not sure
Do they believe that ARB will outperform their own token in 1 year, so this swap makes sense? Also, not sure on that one.
In short, my thoughts are that token swaps can be one of the tools used for an upcoming incentive program if it makes sense. As a standalone proposal, it doesn’t seem so.