While we appreciate Synthetix and recognize their efforts and successes during the LTIPP, we will be voting against the extension in this scenario.
It is unfortunate, but we believe it is important to abide by the incentives detox. However, we will endeavour to ensure that future programs are designed to overcome the challenges associated with extensions. A well-considered, forward-looking program will address these issues, along with other design considerations that promote long-term success.
We commend the contributions made under the current LTIPP but will maintain our position against any further extensions.