I don't comment on governance proposals outside of Optimism, but this one's truly awful, surprised it passed: https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xf22530295daee96dffd7f70854475c06216a4d3594929672f71c12bf638bb0c8

Ponzifying your token before it has utility undermines future confidence when it does

100% pumpnomics – boosting value on paper but not in practice.

This new proposal is not be adding anything fundamentally new to the equation for value accrual.

Idk, sometimes a transparent ponzi is the best one for tokens?

What's the harm in distributing rewards to stakers?  🤔