an important point: we would love to offer co-incentives, however, our governance token does not exist yet. hence, we attract users by offering yield in LPs
Thank you for mentioning this, I understood this when I read the proposal for first time and realized that co-incentive section is not clear and that is why i was asking lafe for more information. As I understood, your project offer yield on LPs(on stable-coin pair) with rebase mechanism and OP will be an added reward.
and I am fine with no co-incentives as its not mandatory and highly project dependent criteria , but giving 250K OP just as a LP reward is not a good idea as I believe it will only bring sort term liquidity.
One suggestion, from the comment it seems you will be live on OP chain in few days/weeks, once live, submit the proposal again with metric on op chain as it might support your proposal.