The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting FOR this proposal.
We trust the judgement of the STEP council for the recommended allocations to each respective service provider, and therefore we vote in favor of ratifying the decision to begin the distribution.
One thing we’d like to note however is that the recommendations should be denominated in % of the available funds, as opposed to denominated in ARB. The reason for that is that the sum of the recommended amounts, when denominated in ARB, is less than the dollar amount that STEP has at its disposal, given the fact that they converted ARB to stables at a better average price than current prices.