Hi meyaf320219,
Thanks a lot for your feedback.
Please see answers below. Going from there we’re happy to incorporate feedbacks to improve the proposal.
Scope and value of the program for Arbitrum
- Supporting the adoption of the first savings rate on Arbitrum and any L2
- Giving access to a fixed 4% Euro-based real yield to Arbitrum users
- incentivizing ARB, USDC, wstETH along with stEUR
- Creating the base for composability opportunities with a RWA-related asset (i.e. stEUR liquidity)
Amount requested
The initial amount requested is 333,334 ARB with potential extensions.
The proposal suggest the release of a second tranche of the grant only if a $9m TVL (75% of the target) is achieved across the 3 pools incentivized after 1 month.
The same logic applies for any extension of the grant from the 2nd month to the 3rd.
Happy to hear improvements suggestion on that part.
Inclusion of other Arbitrum builders
- This proposal include further building on Arbitrum on Angle’s part including adding $ARB as collateral to mint agEUR
- The initial proposal is to use of the most popular DEX on Arbitrum by TVL and volume (i.e. Uniswap v3) to host the incentivized pools → we are very happy to hear any suggestion from you or any other stakeholders on the alternative they would like to see
- Composability of a RWA-based asset in Defi starting with using stEUR as collateral in lending → this bit and many other uses of this opportunity by Arbitrum builders is conditional to the presence of enough stEUR liquidity on the chain. And the portion of the grant relating to integrating stEUR as a lending collateral would not be used if there is no integration to incentivize.
Adding here again that we’re open to suggestions to improve the proposal, if any.
More information on the savings rate and stEUR
agEUR staking and stEUR have been deployed 24 hours ago on Ethereum Mainnet.
It has never been incentivized and there are currently 2.4m stEUR from users who started using the contract to benefit from the savings rate.
Please let us know your thoughts on the above as well as your suggestions if any!