The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas. It’s based on their combined research, fact-checking, and ideation.
After careful consideration, we’ve decided to cast our vote in the following way:
- Deploy Nothing
- Only Deploy Stable Strategy
- Deploy Both Strategies
- Only Deploy ARB Strategy
- Abstain
The reason we’re voting in this way has less to do with the strategies themselves and more to do with the overall process of deciding on a strategy in the first place.
First off, as others have already pointed out, the vote itself shouldn’t be a ranked-choice voting, and each strategy should be voted on separately to allow for the full spectrum of choices. But the structure of the vote isn’t the main reason we’re voting against the proposal.
In our view, and especially since there has been plenty of discussion, debate, and questions/concerns in the comments above, we should go back to the drawing board. Reading through TMC’s recommendations and the input from Avantgarde and Karpatkey left us with more questions than answers, and we believe it’s the same for other delegates. If we are to vote on the recommendations we believe that they at least deserve more explanation on the rationale and overall approach.
Since there’s no rush to deploy the strategies, we’d be wise to discuss them more to ensure that all concerns are addressed and we exhaust all possible strategies, especially on the ARB allocation front.