Our delegation will be voting AGAINST this proposal.
Tradao is a new product on Arbitrum, and one of its features was launched just days before the feedback period for the LTIPP closed. They mention certain data about the performance of their “Copy trading” during the month of April, which are not easily verifiable since the analytics only share volume data.
They also have not adequately justified why they believe that rebating GMX fees will increase their daily volume to $3 million. No supporting data has been provided to justify this claim. Therefore, we do not support this application.