Following the ARDC recommendation, we believe that this proposed addendum requires further review by the DAO. Therefore, we challenge its optimistic approval so that the delegates can form an opinion on the merit of renewing the incentives received during the STIP.
We are publishing the review conducted by Blockworks for greater visibility and advice to the applicant to provide an explanation for the concerns raised.
“Savvy retroactively introduced a Bond program (SVY-ETH), which could be seen as selling ARB to acquire protocol-owned liquidity by some. New incentive mechanism is interesting, although not sure what consensus is around forcing users to lock liquidity to earn additional incentives. Couldn’t find readily available data on factors incentivised in the original STIP. Overall, protocol seems to be doing fine.”