I wanted to bring up a proposal to vote on which chain everyone would prefer grants to be paid out. Each chain has some pros/cons and wanted to get how everyone feels is best.
Pros - no bridging costs
Cons - Gas very expensive for DAO and advocates to move
Pros - very cheap fees for DAO and advocates. Less hurdles to pay out.
Cons - costly to bridge over to ETH
Pros - may lead to more delegation/participation from advocates once move to L2 completed, Most exchanges accept ETH deposits from Arb chain and cheap to flip GRT to ETH (Approx $0.25)
Cons - some costs to bridge or move if desired
Thanks for the proposal! After taking a look, I’m leaning towards Arbitrum. The gas costs are cheaper on Arbitrum compared to Ethereum and The Graph is already scaling on it. Plus, as you mentioned, many exchanges accept Eth deposits from Arb chain.
I also think it’ll be cheaper in the long run for grantees to participate in the network if they so desire.
Personally, my preference also goes to Arbitrum, as many exchanges support token deposits and withdrawals, among other things. The blockchain itself, in terms of the core network, is quite well-known and will still be developing. So even those who get tokens will be able to possibly be active in it as well.
The cheapness of the commissions, make it a clear priority, because there is no need to think about token bridge, and you can directly make a withdrawal to the exchange.
But I want to mention that it is necessary to specify a multisig wallet, not to lose your money.
I voted for Arbitrum, but also Gnosis would be good. I played recently with Connext Network and they have a great bridge to easily move funds from several chains. As an example, moving funds from Gnosis to Polygon (or Arbitrum) is extremely fast and cheap. With just $0.2-$0.3 you can bridge to Polygon and then move funds to almost all the CEX.
I’ve voted for Arbitrum because of comparatively low fees and well-developed infrastructure in the ARB ecosystem, both for CEXes and DEXes. Gnosis is also fine option because I know well-operating Gnosis–>Avalanche-C-Chain bridge which allows to transfer token to more adopted ecosystem in the context of CEX adoption. Also bridging fees is charged in xDAI and very low. If anyone is interested, you are welcome to message me in TG for an information about the bridge (or I can post it here if there is no controversy with The Forum rules in the case of such posting).
ETH has high fees, and it is enough to become uncomfortable option in my opinion.