Voted : NO
Reason:
Incentives are not matched.
After incentives are removed, users will continue to use the product in order to earn interest, and engage in margin trading long short with up to 15x leverage. The liquidity incentives are used for initial liquidity to bootstrap platform usage.
I can do this on many DApps, this need some proper plan. Even an idea might work better than this.
L2 Recipient address is missing.
700K is too much. Better break into two-three proposals.
Now, I am requesting your feedback on these of my ideas. Feedback is two-way approach, you help us and we help you.