# DeFi Committee A: Season 2 Recommendations

**URL:** <https://gov.optimism.io/t/defi-committee-a-season-2-recommendations/3522>\
**Category:** Governance Fund: Phase 1\
**Created:** [September 21, 2022, 7:24pm UTC](https://gov.optimism.io/t/defi-committee-a-season-2-recommendations/3522 "2022-09-21T19:24:28Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![katie](https://dub1.discourse-cdn.com/bc41dd/user_avatar/gov.optimism.io/katie/32/5184_2.png) [@katie](https://gov.optimism.io/u/katie)\
**Post date:** [November 1, 2022, 7:36pm UTC](https://gov.optimism.io/t/defi-committee-a-season-2-recommendations/3522/10 "2022-11-01T19:36:49Z")

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# Cycle 8

## [Alchemix](https://gov.optimism.io/t/ready-gf-phase-1-cycle-8-proposal-alchemix/3764)

**Voting recommendation** : Yes

**Rationale:** The feedback to lower the amount requested and split into 2 separate proposals was taken and the proposal was resubmitted. Thank you to the Alchemix team for taking our feedback and resubmitting!

## [Arrakis](https://gov.optimism.io/t/draft-gf-phase-1-proposal-arrakis-finance/3805)

**Voting recommendation:** No

**Rationale:** The amount requested is high and we would like to see more traction outside of Maker vaults.

> [@\[DRAFT\] \[GF: Phase 1 Proposal\] Arrakis Finance](https://gov.optimism.io/t/draft-gf-phase-1-proposal-arrakis-finance/3805/1):
>
> - Note that a certain amount of the $OP token received might be used to cover transaction costs for operations on Optimism.

This sounds like it may violate the [no sale rule](https://gov.optimism.io/t/grant-proposal-template/3233). We would like to see this clarified.

> [@\[DRAFT\] \[GF: Phase 1 Proposal\] Arrakis Finance](https://gov.optimism.io/t/draft-gf-phase-1-proposal-arrakis-finance/3805/1):
>
> - **Please list the milestones/KPIs you expect to achieve for each initiative:**  
> During the LM program, periodically, the number of projects onboarded, total TVL growth, and total volume growth will be monitored as KPIs to indicate the effectiveness of the LM program. The program may adjust accordingly based on the outcome of the KPIs.

These KPIs are vague. We would like to see targeted numbers and milestones for these areas listed.

**Next Steps:** We would like to see the amount requested lowered, clarification on whether or not it is intended to sell any tokens, and clear KPIs that include numbers and milestones to be achieved.

## [Symphony](https://gov.optimism.io/t/review-gf-phase-1-proposal-symphony-finance/3694)

**Voting recommendation:** No

**Rationale:** 35% is allocated to retroactive air drops which have proven to be ineffective as shown in the [governance grant performance presentation](https://drive.google.com/file/d/1xJbicknAAN43jMQK4caN9ju3aJwHvbm7/view). 30% is allocated for development and maintenance and it’s unclear if these tokens will be sold which would violate the [no sale rule](https://gov.optimism.io/t/grant-proposal-template/3233).

**Next Steps:** We would like to see the retroactive airdrop removed and clarify whether the intention is to sell the 30% allocated for development and maintenance.

_Note: Linda and Bobby recused themselves due to conflicts of interest._

## [Velodrome](https://gov.optimism.io/t/draft-gf-phase-1-proposal-velodrome-finance/3736)

Our committee is abstaining from making a formal recommendation for this proposal. We encourage delegates to read the proposal and vote accordingly.

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_[View the full topic](https://gov.optimism.io/t/defi-committee-a-season-2-recommendations/3522)._