September Proposals
Proposal to active 2, 3, 4 bps fee-tiers on Base
Summary: Add additional fee tiers to combat Aerodrome’s recent rise with their 4bp fee tier.
Recommendation: Abstain. We voted to abstain in the temperature check and will vote to abstain here as well. Most of our reasons are available on the forum. To summarize, we don’t believe this initiative will be successful in gaining back our lost market share from Aerodrome because we’re competing against their token incentives. We’re not voting against the proposal because we don’t believe it can harm the protocol, but we also don’t think there is much upside in the action either, so we’re not voting for it. If the DAO wants to improve LP flexibility, then we should focus on the GTM of v4.
[Temp Check] - Ethereum Foundation Attackathon Sponsorship
Summary: The proposal requests funding for the EF’s Attackathon, with two sponsorship tiers: Unicorn Partners requires a +75 ETH commitment (approximately $250,000), and Panda Partners requires a 30 ETH commitment (approximately $100,000).
Recommendation: Abstain. We do not feel strongly enough to support or oppose this initiative at this time. While the capital request is not significant, the ROI and what we could expect from the EF in return are unclear.