I appreciate @SEEDGov for this well-written and well-structured proposal. I fully support it and would like to share some thoughts.
A similar framework for compensating active delegates has been successfully operating in the Arbitrum DAO for a couple of months now, introduced by @SEEDGov. Compared to other incentive frameworks in DAOs, I believe this one is the best. Their experience in managing incentive programs further strengthens its resistance to Sybil attacks and system manipulation. Essentially, it rewards quality over quantity and, after each cycle, incentivizes delegates to contribute at higher quality levels.
Regarding the lower amount of incentives compared to other DAOs, I would like to highlight the following points:
- The amount of time and effort each delegate needs to dedicate to Paraswap DAO is not the same as in other mentioned DAOs at this point.
- Most delegates have not made any particular effort to gain governance power (for now).
Therefore, the proposed amount is fair and helps maintain a healthy treasury.