We’re also creating an educational 101 page for Pickle Finance which we could utilise for this education. Our DAO are also super informed so hopefully if Optimism users join us on Discord they’d get a crash course
I am most probably going to support this proposal. It’s a reasonable ask and sounds like it can benefit optimism users by bringing more liquidity into optimism.
What’s more I have some personal experience with pickle finance. I was one of the victims of a hack that happened in L1 back in Q4 2020 and the way they handled everything back then showed integrity even though they were unable to pay back the victims (which is fine imo).
This proposal fits into Gov Fund Phase 1 and the value-add to Optimism is solid: Voting Yes
Value-add: Medium (small AUM & community but interesting product) Amount: Reasonable Op distribution: Okayish Co-incentives: Good
This funding round’s goal is primarily in increasing liquidity and users on Optimism. Pickle Finance has been building quality vaults before, been early to Optimism and the mentioned Uni V3 auto-rebalancing Jars make especially sense in a low-transaction-cost environment such as Optimism. Duel incentives have indeed been proven to attract liquidity initially and we expect this resulting in users & community moving to Optimism. Echoing other commenters, we also hope to see some long-term programs and more sticky liquidity on Optimism.
Pickle Finance has a good track record and would bring a valuable contribution to the Optimism ecosystem. Coupled with co-incentives to have your own pickle emissions last another 200 days, this is a good incentive. We have voted yes.
Voted : Yes
Positive track record:
Tokens requested in range comparable to other projects:
Expected to grow Optimism ecosystem:
Yield optimizers are important in any DeFi ecosystem. While spending 100% of the OP token allocation on liquidity incentives isn’t the most creative, it does align with the gov fund phase 1 objectives.
I voted yes on this proposal. The amount of tokens requested is reasonable and the project has a track record in this space (I’ve also known a few people that actively used it in the past). I also like that they will be simultaneously incentivizing with native token emissions even after the OP rewards stop.
I’ll vote NO - because it won’t provide long term sustainability for the ecosystem. Furthermore, I doubt that it will bring any users to Optimism other than insiders (brand is not that strong these days).
Project quality: Mid/High - Yield aggregators can be quite useful (at least before they bring all rates to almost 0…). Pickle is quite OG project but failing to stay relevant (only 10m TVL!) Team quality: High, mostly anon, active on github Amount requested: Reasonable OP distribution: Bad, LM everywhere. I am pretty sure that once rewards ends all liqudity will leave.
As per our proposal we have launched our Uniswap V3 auto-rebalancing strategies on Optimism. The first step in fulfilling our commitment to launching novel, effective yield strategies for Optimism users.