Appreciate your opinions and there is value in having all views present.
However, this last post is an inconsequential point.
The Lido DAO’s budgets for incentives and rewards programs have been upwards of 4.5M LDO monthly (e.g.: april, june), with overwhelming majority geared towards stETH.
Depending on markets and price, this amounts to between $3M and $22M in incentives monthly.
The OP allocation for LM, at current prices, would be between $500k and $600k, to be distributed over many months (proposed 6).
As such, if we take the 6 months proposed and these current prices, it could represent an increase anywhere between 3.6% and 0.5% to the current incentives program.
I don’t think it is fair to argue that such a small increase in overall incentives will single-handedly “increase the demand and restart the inflows of ether into their pool, hastening their rise past the 33% line” (and that worry itself has, in turn, been clarified by Izzy above).
Again, the purpose of this GF proposal is to ultimately help Optimism users, protocols and DAOs have good and easy access to the most lindy and liquid ETH liquid staked derivative, strengthening OP’s DeFi ecosystem.