The following reflects the views of L2BEAT’s governance team, composed of @kaereste and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’ll be voting AGAINST the proposal.
Having followed the discussion around the proposal both in the forum and on Telegram, we see that OKX’s TVL is considerably low and liquidity too concentrated to warrant incentives at this point. Additionally, with OKX team deciding not to go forward with incentives at this time anyway, we don’t see a reason to vote in favor of the proposal regardless of their TVL.