This proposal fits into Gov Fund Phase 1 and the value-add to Optimism is solid: Voting Yes
Value-add: Medium - Some Users and liquidity
Amount: Ok
Op distribution: Okayish - mainly bribes
Co-incentives: Ok
This funding round’s goal is primarily in increasing liquidity and users on Optimism. Balancer is a top protocol on Ethereum with a community that is willing to leave liquidity in their pools for optimal yield management. We see value in incentivizing some of the money on Eth l1 & Fantom to flow to Optimism and we like your approach to kickstarting your Optimism deployment and veBal emissions.
Fyi, we are not the biggest fans of multiple layers of farming protocols to distribute revenues (bribing) and rather believe core protocols and their holders should manage revenue distribution with their long-term alignment and views. Nonetheless, this proposal is good for Optimism growth and we look forward to some sustainble incentives.