A few questions:
Is there any data to back the decision to choose these specific merit boosting and diluting behaviors?
And also for the migration bonus multiplier?
Is there greater detail on how the funds will be distributed?
Is there a reason to choose a budget of 2.1M$ in wETH and 2.9M$ in GHO?
Significant GHO distribution may cause the price of GHO to fall even further.
What is the predicted financial gain for this proposal and how sticky will these new users be?
Some risks I envision:
The detailed criteria for earning boosts or risking dilutions might encourage manipulative behaviors, such as creating sybil accounts or engaging in minimal qualifying actions just to earn rewards, which do not genuinely contribute to the protocol’s health or goals. If the community perceives the initiative as overly complex, unfair, or ineffective, it could harm Aave’s reputation and erode trust among its users and stakeholders.
Perhaps, a more gradual, stepwise approach could be beneficial. Would love to hear others’ opinions on such an expensive market manipulation program on Aave V3 Eth.