Why Camelot's 9M ARB incentive request should be denied
Quote94 words
Argues the Camelot proposal would give it an unfair advantage and pick winners through governance. L2 architecture and ecosystem funding need to be credibly neutral, and Arbitrum should not subsidize artificial growth.
Key claims
The proposal requests 9m ARB for Camelot liquidity incentives
It would pump GRAIL but harm the ARB ecosystem
this would give @CamelotDEX an unfair advantage over other DEXes and effectively lead to a winner being picked through (rigged) governance (or is it just a meme anyhow?)
would pump $GRAIL bags but be bad for the $ARB ecosystem imo
L2 architecture needs to be credibly neutral (also goes for governance & eco funding) and @arbitrum doesn't need incentives like this to create artificial growth for projects that fail to grow organically / give them an edge over the competition
this proposal needs to be denied
the below thread provides great insights 👇
twitter.com/boredGenius/status/1680043475126091776
QUOTING @boredGenius
Voting has begun for @CamelotDEX's temp-check proposal to request 9 million $ARB from the @arbitrum DAO for liquidity incentives on the Camelot exchange. As someone still holding his $ARB airdrop bags, I believe this is a TERRIBLE proposal. Why? Here are some numbers👇
Voting has begun for @CamelotDEX's temp-check proposal to request 9 million $ARB from the @arbitrum DAO for liquidity incentives on the Camelot exchange. As someone still holding his $ARB airdrop bags, I believe this is a TERRIBLE proposal. Why? Here are some numbers👇
What came next · since 15 Jul 2023
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Mentioned for context
$GRAILCamelot Tokensince publication−98%−99.2% vs BTC
Since then
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