We endorse this proposal for its innovative approach to integrating RWA and the Euro into the Arbitrum Layer 2 ecosystem. By deepening Euro liquidity and supporting $ARB and $ETH volumes, the proposal promises to strengthen multiple facets of the Arbitrum ecosystem.
Overall, this initiative addresses several key areas that will contribute to the long-term resilience and versatility of Arbitrum.
Michigan Blockchain supports this proposal with the requested amount being justified given the sustainable benefits to the Arbitrum ecosystem and having conducted an in-depth reviewal process of all submitted STIP proposals. We appreciate Angle Protocolās effort in delivering a promising proposal and working with the community throughout the process.
Firstly, we want to thank the team for considering the feedback of community and taking action towards it. We think this proposal fits with the aim of the grant as it supports the adoption of RWA and Euro stablecoins on Arbitrum. The grant will be used to incentivize stEUR pools, which will lead to stEUR stakersā migration to Arbitrum. Considering this, we are giving our vote in favor of this proposal.
First of all, thank you for the detailed proposal. We want RWAs to have a more active market on Arbitrum. We believe this could create TVL for Arbitrum. The incentives provided are sufficient to move both users and assets from other networks.
We support the proposal and are voting āForā in the poll.