Hello @britt glad to see this project here.
My opinion about tokens requested + distribution looks a big ask if you only plan to cover this portion of fees mentioned. Reducing the amount to 400k can be more reasonable, at least you have some analysis about expected expenditures to share and discuss with us. Even don’t worry about reducing the time of distribution (let’s say, six months) we will happy to see the results after (in case of approval) and then reapply.
(Suggestion) as we can see, there’s so many projects applying to Phase 1 and incentiving liquidity in so many assets, don’t you think it would be positive (this is the moment) to join an alliance with some other projects and thus increase the list of available tokens? Some I’d love to see stETH Rocket Pool, or Aave token, other stablecoins, etc. Let us know what do you think or if this makes sense.