[REVIEW] [GF: Phase 1 Proposal] Symphony Finance

Moving this proposal to REVIEW status ahead of Voting Cycle #8, Week 2, as per OPerating Manual v0.2.0 2.

Summary of feedback and changes to the proposal

The feedback received on the proposal has been very constructive and has helped us to create a proposal that will incentivize Symphony’s usage on OP and drive the ecosystem’s growth. The changes can be summarized as follows:

  • The team has added a detailed short-term & long-term roadmap for Symphony as per community feedback.

  • After a long discussion & community feedback, the distribution plans have been revised. We have allocated more tokens(55%) for User incentives and decreased marketing allocation to 15%.

  • The proposal has been updated with details regarding our marketing programs and provided detailed justification on how we plan on using those funds.

  • The team has responded to questions regarding the level of Optimism focus in our marketing and community education.

  • The team has provided information regarding Symphony’s yield generation process, maintenance & integration costs.

  • The team has provided different subgraphs on user data and analytics per different queries.

  • The proposal has been updated with information regarding airdrops and gas rebates for user incentives.

  • The team has provided comparative charts for volume, transaction counts, and transaction costs with respect to other DEXs on Polygon.

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