Agreeing with the direction of this proposal, the move from CEX to DEX is a long term trend and in the interest of the Arbitrum DAO, especially to drive more volume and TVL to the chain. The proposal is divided into three phases: research, standardization and pilot, with clear logic and a certain degree of operability.
Questions and suggestions:
1. the research phase will take 1.5 months, but will interviews with CeFi senior users and the protocol team lead to comprehensive conclusions in such a short period of time?
- It is recommended to prioritize and focus on the key needs of CEX head users and the shortcomings of the existing DEX, and to clarify which needs can be solved in the short term and which need to be iterated in the long term.
2. Incentives
- The proposal does not identify specific forms of incentives, such as direct subsidies? Rebates on transactions? Or other forms of incentives?
- It is recommended that the pilot phase prioritize the introduction of some low-cost, simple and effective incentives, such as cashback or fee discounts for transaction volume.
3. The proposal mentions the need to set KPIs, but does not specify specific targets, such as how many transactions are expected to be attracted, how many users are expected to be migrated, or how much serial fee growth is expected to be achieved during the pilot phase? These refined metrics will help the DAO see the impact of the proposal more clearly.
4. Is the budget of $185,000 ARB too high? In particular, could the $7,500 per month salary of the task force members be modeled after other DAOs’ salary scales?
- It is recommended that a portion of the budget be retained for the pilot phase, and subsequent inputs be adjusted based on pilot data.
5. Even if the incentive program attracts a group of traders, will these users be lost after the incentive ends? It is recommended that the proposal specify strategies for long-term user retention, such as optimizing the user experience and in-depth liquidity support.