[TEMP CHECK] - Etherlink Co-incentives Proposal
Vote: DO NOT APPROVE
Link to Discussion
Link to Snapshot Vote
While Etherlink’s TVL has been growing significantly from $2m to $98m (counting borrow TVL), this growth seems primarily driven by their incentive program Apple Farm. There is concern with incentivizing liquidity as it promotes mercenary capital and raises question on the sustainability of organic user activity.
Co-incentives should be given out selectively and not to boost short term metrics. If Etherlink is able to show long term growth and sustained capital, Blockchain at Berkeley is open to reconsidering our vote.
At this time, Blockchain at Berkeley is voting against this proposal.