On behalf of the PRO Delegators’ validator, we want to share our review for this proposition and explain the motivations backing our vote.
First of all, the level of commitment to this thread is remarkable. We had to carefully review and check multiple posts before considering our decision, as many participants showed extreme care in crafting their feedback. We can only commend this dedication to making dYdX a better place for everyone.
Considering the detailed reviews provided and the numerous effectiveness problems raised by the community regarding this additional incentive program (let’s remember that volume-based activity already receives direct on-chain incentives, to which this program simply adds up), we have decided to cast a negative vote.
We believe the engaged discussions are proof that more careful planning is required before allocating a significant share of community funds to this program’s renewal. Nevertheless, we also want to emphasize our support for ChaosLabs and our willingness to extend incentives and further distribute the dYdX token supply to actual users of the chain. According to this vision, some people here have raised legitimate concerns over efficacy to target these real users, and provided well-crafted ideas for more effective solutions to alleviate the bots distributions. We hope to see an updated proposition to renew these incentives in the coming months and invite the proposer to take all the necessary time to assess and include more community feedback in their design before considering another proposition, which we will be happy to support.
To be clear, we do not oppose the program; we simply believe a more sophisticated version can emerge from this one after collecting and including the valuable community feedback.
Thanks for reading,
Govmos
