This is a difficult vote and I am conflicted about it. I will be voting against it for now though I am quite torn.
Cons
- The amount asked is huge. They are asking for $4m $OP
- They already received $3m $OP back in July
- We perpetuate the unsustainable cycle of yield hunting by making people move to optimism to get extra incentives with the foundation footing the bill.
Pros
- The project is definitely a good one for optimism. Most protocols that have worked with velodrome have only good things to say about them
- I have used velodrome. Pretty smooth experience. Definitely good for the ecosystem
- They responded to most feedback here in the forums.
Just like @polynya stated I would like to see velodrome without incentives for a bit to see how such a protocol can stand on its own without someone else injecting artificial yield to attract users.
At some point we really need to consider sustainability of the ecosystem.