[Ready] [GF: Phase 1 Proposal Cycle 6] Kromatika

The defi shadow committeewhich is not an official committeeadvises against voting for this proposal.

We’d need to see substantial changes before supporting this proposal. There is overreliance on supporting a native token without any clear benefit to users (including the gas fee subsidy, which is a subsidy for the protocol, not users), the product hasn’t achieved obvious product-market fit on Optimism or on other chains, and the asks are disproportionate to anticipated user growth or welfare on Optimism.

We understand that this has already gone through a round of revisions, and the Kromatika team have been more than flexible in following these revisions, but the guidance has in our opinion been ill-advised in the face of some unaddressed fundamental issues. We’d be happy to advise on an additional round of guidance if this proposal doesn’t pass.

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