Savvy DAO has voted in Favor of the Proposal “Kwenta x Perennial: Arbitrum Onboarding Incentives (UPDATED)”
1. Significant User and Volume Growth Potential:
- Kwenta’s Established User Base: Kwenta brings a proven track record of high trade volume and open interest, which can drive substantial new user acquisition and trading activity to Arbitrum.
- Perennial’s Capital Efficiency: Partnering with Perennial, an Arbitrum-native protocol, ensures deep liquidity and high-quality AMM perps experience, enhancing the overall DeFi ecosystem.
2. Well-Designed and Accountable Incentive Mechanisms:
- Quest-Style and Fee Rebate Incentives: The detailed onboarding incentives, including quest-style rewards and fee rebates, are structured to maximize user engagement and retention.
- Oversight by Stable Lab: Accountability is ensured with Matt from Stable Lab and LTIPP multisig handling the distribution, aligning incentives with ecosystem growth.
3. Strong Community and Delegate Support:
- Positive Delegate Feedback: The proposal has been refined based on constructive feedback, reducing the ask to 1.9M ARB and detailing specific incentive models.
- Commitment to Arbitrum: Despite concerns about historical alignment with Optimism, the proposal demonstrates Kwenta’s commitment to Arbitrum, promising significant long-term ecosystem growth.
See proposal here: Kwenta x Perennial: Arbitrum Onboarding Incentives (UPDATED) - #31 by SavvyDAO
Please note this rationale includes both the Snapshot voting and the Tally voting.