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’re voting AGAINST the proposal.
As others have already pointed out, Metal’s TVL is too small to justify allocating $250,000 in incentives now. Although the whole purpose of the onboarding packages is to help chains bootstrap their new deployments or liquidity pools, there must first be some meaningful activity to make it a sensible spend from the DAO’s perspective.
We’d encourage the Metal DAO to revisit this topic in the future, once they’ve established bigger volume and TVL.