Greetings from Stanford Blockchain.
It is encouraging to observe the numerous concepts that various teams have proposed. Additionally, we extend a warm welcome to new participants of the Uniswap forum.
Having learned from the bridge selection process, I believe we should establish an agreed-upon decision-making protocol before deciding on individual candidates/ideas.
We would like to emphasize the point raised by @stastny and @t_norm. We also believe a grant program would be the most suitable decision-making body for the $ARB allocation.
At present, the foundation’s role is missing from the conversation. From our perspective, this grant program falls under the foundation’s current grant program ([Governance Proposal] Create the Uniswap Foundation), with the caveat of being more focused on the Arbitrum ecosystem.
Moreover, the foundation has a proven track record of successful grant funding. We believe that this success is mainly due to 1) full-time members, 2) an in-depth understanding of the ecosystem, 3) a well-resourced organization, and 4) adequately compensated personnel.
Nevertheless, we also acknowledge the merits of involving the community in the grant process. The optimal approach would be a foundation-led, community-supported grant program for the $ARB allocation.
This approach has several advantages compared to a pure foundation or community grant program:
- Continuity and shared learning: the foundation can manage the program while sharing its knowledge with the community, thereby ensuring long-term decentralization.
- Future working groups: the deployment accountability committee and the ARB-UNI working group could serve as ideal testing grounds to determine which working group model would be most suitable for Uniswap’s situation.
We hope the community will seriously consider this option before moving forward with any individual proposal.
With regard to individual proposals, we are not confident that liquidity mining rewards would yield the greatest benefit based on Gauntlet’s recent analysis and personal experiences with the LM world.
Gauntlet’s analysis suggests that Liquidity Mining (LM) rewards could be advantageous when there is a discernible bootstrapping opportunity. By ‘bootstrapping opportunity’, we refer to a pool with considerably lower Total Value Locked (TVL) and volume than the overall L2 activities.
However, we do not see the bootstrapping opportunity for the pools proposed.