A healthy and diverse discussion here, I love it. To be honest, I’m not quite sure where I stand in this debate, as I’m not necessarily a deep believer in using Polygon as a sidechain for moving my funds to and interact on as my main DeFI hub, but would rather see it as a programmable commit-chain for mission uncritical tasks, such as paying salaries, and other low-key things where a commit and timestamp back to the main chain is sufficient.
Having said that, I believe it stands its ground when it comes to testing out different DeFi waters, playing around with protocol 2 protocol interactions, as well as storing funds of non-critical nature there. I could also see it work really well for future governance and voting systems, as it will finalize much easier than L2 solutions built on Ethereum, but that is just my personal take on this controversial ongoing debate in the wider crypto community.
Therefore, I’ll try to simply evaluate the neutral part of this deployment and incentivization, which I think has some merits other than simply diverting some treasury funds to an ecosystem that is currently being developed and still being built out from the sides of our protocol (to acknowledge the legitimate concerns from @Cold_Summer in regards to value accrual and lock-in of farmed MTA).
I think I would concur with @derc in that the numbers seem small enough to do a test run with 20% of the funds, summing up to 2 weeks of mainnet rewards. I feel the upside we create by collaborating with Polygon and other actors is in itself a way to bootstrap and set the staging ground for future collaborations that might outweight the initial cost.
Having said that, I’d welcome that such potential partnerships and collaborations are transparently and openly discussed in the Discord & Forum first in the future, so everyone can chime in and start the discussion with the core team and other parties in tandem, and not as it is now at the end of the discussion when most agreements and deals have already been struck (which is also only good for overall protocol 2 protocol health, as if this public vote now receives an unfavorable outcome, the message received on the other end by the protocols will probably cause a negative sentiment towards the entire mStable decision-making process being judged as highly volatile until the last moment.)
I’m definitely very much aligned with the words of @JoshL and think that if we were to continue rewards down the line after the initial 3-month test period, we should do so dynamically with TVL dynamically checked on each of the products across both chains, and then perhaps an added slight boost for the mainnet deployment simply for composability reasons existing today.
I’d also start discussing indicators and benchmarks now of what we’re hoping for in terms of results considering this trial run and when to consider it a successful run and when to consider it a failed attempt. Not setting key indicators and correct expectations will ultimately always result in a skewed result that is hard to evaluate and cause further fragmentation in opinions of how to proceed. We should catch such traps early before they become a bigger issue.
Finally, I think we should also start research & possible deployment of our solution on Arbitrum and Optimism immediately. Without trying to hijack the thread, the highest permissionlessness and most decentralized fruits are hanging without a doubt and argument on the Arbitrum and Optimism trees, since they are a natural Ethereum-native L2 technology, and the developer whitelist has already begun for Arbitrum, so we’re already late to the party there.
With everything said and done, I’ll personally Abstain from this vote, since my own alignment is too biased as to paint a clear picture, and I personally feel we should focus actual developer power to mainnet related tasks right now that seem more crucial and important to delay in favor of this.
We should craft a solid business case for Polygon moving forward, with timeframes, developer hours required, goal-oriented KPIs to judge the deployment and partnership on, and overall a framework that can be used as more and more collaborations with more L2s and sidechains will fly towards us, so we can become effective asset managers and custodians of our MTA treasury, and know when something is going to be a positive EV and when it’s not.