The defi shadow committee – which is not an official committee – supports this proposal.
We broadly support Alchemix’s proposal as written but advise halving their ask generally by time and size – there’s simply no good argument for running a grant past six months, and even that amount of time is a stretch.
They’re in the minority of proposals to date that have offered a bottom-up approach in outlining the size of their ask and explaining the additionality of the grant, and we’re inclined to agree with their view.
Another key piece is that Alchemix’s proposal is rare in that they are explicitly committing to move resources over to Optimism themselves — that is, they’re not just trying to draw users and capital, they’re moving the deployment of their own capital to encourage more use on Optimism. This goes beyond the simple idea of “incentive matching” — it’s a reflection that a grant can beget follow-on activity, and it’s exactly the kind of behavior we should be encouraging.
We think there is still some work to be done to determine KPIs, demonstrate migration from Mainnet, and discuss potential integrations with other ecosystem protocols, but these are nits in an otherwise well-presented proposal that seems advantageous for Optimism.