The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting AGAINST the proposal.
We also voted against similar proposals by Synthetix and Pyth for the same reasons (outlined below) but we’re also commenting here for visibility.
As others have already noted, since the Incentives Detox proposal has passed, and since incentives distribution for all projects has ended or is about to end, it would be unfair to extend the incentives for any one protocol.
Furthermore, things like distribution window extensions and the process to request one should have been addressed in the program (e.g., LTIPP or STIP.B) itself. Since there’s no recommendation from the LTIPP council for the extension of incentives distribution, we’re inclined to be against any such extension.
On the occasion of communicating our rationale, however, we’d like to invite the proposal authors to participate in the ‘Arbitrum Liquidity Incentives Working Group’. The working group meets on Wednesdays at 4 pm UTC and you can get up to speed on what has already been discussed here.