I agree with your statements. But as you see in the recent proposal about the LM Programm, giving people rewards not only about pushing TVL / AUM but also to attract new people to the community and distribute the token as fair and wide as possible.
See this points:
- Expand the voting power to those who missed out on the airdrop
- Distribute the governance token to those who have the most skin in the game: vault depositors themselves
RGP-2: Ribbon Liquidity Mining Program
This approach also COULD get strengthened by keeping the token non-tradable until a certain community goal is reached, because dumping whales or yield farmer likely won’t enter and the rewards will go to those user who are willing to hold term or really believe in the project. For those people opportunity cost is not a thing.
I see it a community bootstrapping mechanic.
After this is done, all the points you brought up a very vaild and should have high priority: high liquidity on dexes, listing on AAVE/COMP, good tokeneconomic and so one.
But those thinks don’t stand in contrast to using and novel way of attracting a good community.