This is a really exciting partnership not just for the MAGIC support, but also because I agree that the Abitrum Nova bridge experience is not yet where it needs to be. Hop is uniquely positioned to address this and I believe work has already started on doing so. The support from the TreasureDAO community is also great to see as is the MAGIC earmarked for bonder and LP liquidity.
My only note is that I continue to be skeptical about the benefits to Hop of providing HOP incentives. Not just because I feel like we should expect the market incentives to naturally solve for this (where demand for liquidity will raise the APR and attract more LPs), but also because I think making a habit out of this for each new token added will quickly become a meaningful expense. 15¢ * 12k HOP * 12 months is an annual expense of $21600. This certainly won’t break the bank, but another 3 protocols requesting the same quickly becomes a non-trivial expense for potentially unclear returns.
This all said, I think Hop would benefit greatly from this partnership and I would welcome the addition of MAGIC.