What Chain?

Ok folks, we need to pick a chain.

Right now it seems like we have 2 main options worth considering:

1. Arbitrum
2. Polygon

Analysis:

Arbitrum Pros

• solid organic adoption from high quality projects
• no inflationary incentives to draw in low quality investors/builders
• still very early, they haven't even launched their odyssey program yet, which is supposed to be their big incentive program.
• heavily DeFi focused community
• more local products we might want to invest in
• backed by the security of eth mainnet

Cons

• still relies on a centralized sequencer for ordering blocks at this time, so single point of failure.
• cannot stand on its own if anything happens with Ethereum.
• more competition for new defi products we might want to build.

Polygon Pros -standalone chain at its core, not reliant on eth -future plans to build out zkrollup eth L2 as a side chain, increasing interoperability with eth mainnet -massive marketing initiatives and partnerships with non-crypto entities -still very early as far as DeFi products go, so more room to build new ideas -built on tendermint, so should be able to connect to IBC eventually

Cons -not as much focus on defi products, so fewer local investment options

• not backed up by the security of eth mainnet
• polygon core team is more centralized
• majority of on-chain assets are secured by POS Bridge
• validators are permissioned; current validator set is not open for competition