RFC: Aave DAO LTIPP Grant Extension Request

[JoJo]

Voting against. Let me first report a previous feedback released for synthetix, and still relevant here.

@JoJo

I am, unfortunately, voting against this and all the other extention requests in Arbitrum.
I would have normally been in favour if it wasn’t for the detox proposal just recently presented, and passed, in our DAO; but that proposal is an extremely important signal about 1) trying to see what happens to our chains with no incentives 2) give the time to the DAO to best reflect how to weaponize these programs in future. There is also the secondary point, not necessarily as important but indeed important, about competitive advantages of protocols asking for an extention versus protocols that just finished in LTIPP or about to finish in STIP.

But I also want to add a few things. I really feel you about first, the excitement of participating to this program, and then the constant small delays of integrations and tech development that turn out to be eating more and more week over week on the timeline, up to the point you had to come here to ask for this extention; I have seen this happening, and even in the protocols i work for we had to take hard and complex decisions due to delay of partners’ integrations.
As you already partially mentioned most of the issue would be addressed by a longer program, in which of course we need to embed a process for these and other similar situations: if you have 1 year, and you need to skip the first three months for technical issue, you will still have a way in.

And I’ll be honest, I am quite said of not seeing the full fledged program about GHO going live in arbitrum, especially after being the LTIPP advisor for AAVE. I can see value + utility for the ecosystem.

My strong advice here, is prepare in the next quarter everything that is needed, from a tech/audit standpoint on the GHO ecosystem. Whatever the next iteration of the program is going to be, I don’t see AAVE not being part of it as one of the main lender, and not being part of it as stablecoin facilitator in the ecosystem, including GHO. I think it will be a no brainer a collaboration between arbitrum and AAVE, also on the diffusion and adoption of gho and increase of stablecoin liquidity in the ecosystem.
So, while I understand this vote can be a frustrating, I am definitely keen to see AAVE here as a constant presence in crypto and in Arbitrum specifically, as well as an important participant to any relevant incenive program we might spin up in future.