It would be much better if this proposal were accompanied by an additional proposal to decentralize emissions decisions using a veToken model like Curve/Aerodrome/Velodrome etc.
This type of mechanism has proven success, counterbalances the sell pressure on the token caused by the emissions while decentralizing governance over the emissions, and lets the market decide the best protocols to allocate the liquidity to rather than centralized and potentially conflicted committees–this would also presumably get rid of the “KYC concern” as there would be no centralized counterparty doling out the incentives.
All that being said:
- I realize zkSync governance is in an early state and there will be a lot of urgent commercial needs to serve before establishing better tokenomics mechanisms
- It’s probably more urgent that there be a liquidity program of any kind as fast as possible than to wait for the ‘best way’ to govern it
- The TPP is trustlessly ruggable by governance if we don’t like how it goes.
So at the moment, I am inclined to support the program but generally would encourage ecosystem players to try to establish some tokenomics value & governance flywheels for the token so that programs like this can be made more decentralized, market-based, and sustainable.
posted in my capacity as a delegate