This proposal fits into Gov Fund Phase 1 but the value-add to Optimism is small: Voting No *
Value-add: LM out of the box - but few projects & small community so far
Amount: A big high
Op distribution: Good
Co-incentives: Small compared to Ask
We saw Gysr as an interesting middleware tool to kickstart projects liquidity and create sticky, long-term incentives. Adoption of Gysr has been small though for a variety of reasons which reflects in the current market cap and consequently also in the value-add (vs. the Ask) to the Optimism ecosystem.
Sidenote: We have been early users of Gysr, liked the gamified incentives for long-term sticky liquidity but saw crippling effects of l1 transaction costs. Hence, we see value in your push to Optimism. We generally like the proposal, would be happy to see Gysr on Optimism. We’d recommend collaborating with launchpads, other projects enganging in liquidity mining on Optimism (See Phase 0/1 Proposals such as the dForce Proposal) and potentially do another proposal with a smaller ask in one of the next phases.
*voted initially Abstain, and changed it to No to align this vote with our decisions on other proposals.