Hello everybody!
I am here to apply as domain allocator for the “New Protocol Ideas”.
- Name: JoJo
- Your forum username: JoJo
- Twitter: https://twitter.com/jojo17568, Telegram: Telegram: Contact @jojothecow
- What is your experience in the interested domain? Please share links and supporting information. Do you have experience running in any other grant programs?
I currently work for JonesDao, a core and native Arbitrum protocol. Having served as a strategist for over a year, I have assisted in designing and implementing cutting-edge products on Arbitrum. Examples include jGLP (a leveraged version of GLP, the primary liquidity token of GMX), jUSDC (a yield-bearing stablecoin built on top of GLP), and Metavaults (an innovative product that combines LPing with novel option strategies to boost yield). I’ve also worked on mainnet projects such as jAura (an auto-compounded LSD for the Aura token).
While I don’t have specific experience with the grants program, I possess the expertise to assess a competent team, a promising project, and a groundbreaking idea. I look for individuals who are hungry in the crypto landfield, and driven to bring significant value in a manner that is sustainable. Execution is everything. Even a mediocre idea can evolve into a decent product with optimal execution, whereas a great idea, if poorly executed, will fail to benefit anyone. - What would you like to see built on Arbitrum in your domain and what a good grant proposal looks like for you?
Based on my personal experience with JonesDao, I believe there’s much to explore about derivatives, especially options. With my background as a volatility trader, I’ve observed what could be seen as flaws in the current models. This is primarily due to the absence of essential data, such as IV, to plug into the models. This key fact, combined with the liquidity model which is inherent unique to crypto, presents untapped opportunities for derivatives. Options should be incorporated within other liquidity products rather than simply being considered as, for example, an addition to a position or an hedge. A novel model rooted in this concept could lead us tovastly improved liquidity efficiency, surpassing what’s currently possible in other financial markets, thanks to the technical capabilities of crypto. The total addressable market for a model like this would be huge.
Arbitrum, with its speed and minimal costs, is the ideal chain for the adoption of crypto derivatives. I’m very bullish about projects that prioritize and experiment with this primitive, and in general with derivatives. It’s no coincidence that both GMX and Dopex are native projects on Arbitrum.
A compelling grant proposal should articulate several key points. I’m not only interested in understanding the target audience for the product but also the implementation strategy, liquidity sourcing methods, current technical and design challenges, and the team’s approach to resolving them. Furthermore, the rationale behind choosing one model over another is crucial. A team that lives and breaths a product has to be able to justify every decision made, from brainstorming, design, to implementation. - Time commitment: I plan to commit as much time as it would be needed (so, in this case, at least 15h/week), and to have a low TAT of about 48h.
- Declaration of Conflict of Interest: I currently work full time for JonesDao, and I contribute to Aura protocol, so I would recuse myself from any grant request or decision towards these DAO.