I have voted no in HIP-11 proposal.
This proposal is an extension / amendment of HIP-4, proposing a framework of rewards to enable the sUSD bridge.
There is already a live $SNX pool in Hop with $OP and $HOP rewards. As for this moment, SNX TVL is $1,203,000 and 24h bridge volume is $1835. That is around 0.15% utilization ratio.
In my view, Hopās benefit from subsidizing the sUSD pool, and considering it has already commmitted $HOP to the SNX pool (both SNX and sUSD tokens are from the Synthetix ecosystem) does not justify the allocation of $HOP tokens.
sUSD is a very important token of the Optimism Ecosystem, so in general I think that having a pool should be a very important part of Hopās offerings, benefiting liquidity and swap rates. The reason I voted ānoā is because of the details and mechanics detailed above - I am in favour of the idea of having a sUSD pool.
If the proposal were not to pass, my suggestion would be to review these points on an eventual resubmission:
ā¢ Removing $HOP rewards from the SNX pool and re-allocating them for sUSD
ā¢ Synthetix could allocate more $OP from their own treasury to offset $HOP rewards for the sUSD pool so that they are no longer needed
I would also think itās better for the Synthetix Ambassador Council to recuse themselves from voting on this proposal because I imagine they have a conflict of interest. The snxambassador.eth wallet voted āyesā with 396,000 $HOP voting power