I'm not sure what the first comment means, but I will say from my perspective this is exactly what the doctor ordered. It's time to dogfood the ecosystem and send massive signals that it is time for Polkadot to open the doors for liquidity and incentivize the growth. Whales, custodians, and degens alike will be attracted to these incentives and it is indeed just in time for this cycle.
Something to note, many other ecosystems fed their ecos in the last cycle with incentives from centralized foundations. This is decentralized, ground up growth. Plus, Polkadot is now ready this cycle and would be one of the only trusted, "legacy" brands in crypto incentivizing to this level this cycle it seems.
Big time AYE
While I am much more in favor of direct Treasury deposit of DOT into the Omnipool (increase ref 248 to 1M+ DOT !!), I agree that other ecosystems saw huge growth in deposits and userbase after initiating liquidity mining campaigns (AVAX was $400M+). The Hydra team and the Omnipool product is the most mature and featureful DEX in the ecosystem (have you used DCA?) and is therefore the right DEX to directly involve in a liquidity mining marketing campaign.
Why did it take until Feb 2024 to put this prop in? Why is it not doubled to 1,000,000 DOT already?
100% agree, although perhaps I would look a little further with the timeframe depending on the % apr of some assets,
and I would even agree if the required amount is doubled like appear on comments above, it is time to activate defi, with some other joint initiatives
This proposal will undoubtedly attract attention and liquidity to the Polkadot ecosystem, strengthening its position and contributing to further development.
Hello from Polkadotters!
Similarly to the previous proposal, also this one benefits the most the users. Incentivizing liquidity providers is one of the main tactics on how to get the attention of DeFi users from outside of Polkadot eco.
We are in favor of this proposal as it will evidently attract additional liquidity. It's a good step, yeah, go on!
Agree with everything above and should be the 1 million also, time to use what the treasury is for and that is growth.
Please withdraw less money from the treasury. This will only increase inflation. You should do these things from income and attracting capital.