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.
“Original STIP incentives still ongoing: began distributing incentives in the middle of March at a pace of 5K ARB per week. At the beginning of May, jacked weekly distributions up to 25K ARB per week. Asking for a lowered amount to compensate, however, this could be seen as an unfair advantage since StakeDAO has been one of the only Arbitrum protocols with increased yields in April/May. KPIs quickly plateaued with weekly incentives at 5K ARB, recently saw an uptick, likely due to 5x increase in weekly incentives provided. Daily unique wallets constantly below 10 during 5K ARB per week period.”