All of the grants are aiming to end January 2024 and yo should change to that since this is a short term incentive program requirement.
And more serious:
- 2.5M ARB GHO minting incentives and more mostly all around GHO… I think its asking too much, GHO has 20mm market cap, and 1mm volume per day. I feel its grabbing the hand of your brand Aave to ask a HUGE amount of money for something that seems not working out (check GHO peg) and that has near no usage.
I love Aave and i have a lot of money in it, but you are asking 4M ARB for GHO, where majority of usage of Aave is outside GHO (on lending and borrowing).
GHO doesnt exist on Arbitrum, in this case you should apply in these 2 categories:
• Beacon Grants (<= 200K ARB)
o Recommendations:
Live on Arbitrum for at least 2 months.
Meets one of the following criteria:
.> $1.5M TVL.
.>$2M 30D cumulative Volume.
• Siren Grants (Up to 750K ARB)
o Recommendations:
Live on Arbitrum for at least 4 months.
Meets one of the following criteria:
.> $4M TVL.
.>$40M 30D cumulative Volume.
But you are trying to take advantage of Aave numbers to push GHO. And the big usage of Aave that people use and would be benefitial for Arbitrum (lending and borrow of all your assets) has near 0 exposure in the proposal.
I dont like it at all.