cp0x believes that supporting projects in terms of audits is a good initiative.
However, we doubted the amount, so it’s good that the author of proposal wrote options with different terms and amounts
Vote: FOR, 2 cohorts of 8 weeks, $5M fund
Platform: Snapshot
We consider the decision to make double payments without taking into account the results to be incorrect
I understand that most projects are impressed by this proposal, since it has the maximum impact on their projects, but we have procedures for a reason and we need to pre-evaluate the results of each project.
In essence, the proposal does not provide a choice of auditor;
The proposed company is not among the top 10 most famous and best. It may even be the best, but there must always be a choice.
That interface will make the forced inclusion process more straightforward and understandable.
This will allow regular users to use Arbitrum with greater security.
The proposal also took into account our comments:
increase by one vote in all options:
i. 6/12: <$1M
ii. 7/12: $1M-$5M
iii. 8/12: $5M-$10m
iii. 9/12 $10M-$50M
The possibility of expelling a member of the MMC by internal voting is also excluded
After the end of the grant, there will be a 60% reduction of TVL to $34 million.
In general, I think that project keeps users only through grants.
Also, project received 3,000,000 ARB under the Double-Down program.
55% of the grant will be used to reduce trading commissions for positions.
Those, the commissions themselves come up with the protocols, and then reduce them at the expense of the Arbitrum. It turns out that the project inflates the commission, and only a grant can even out the situation
TVL during the grant period increased from $3 to $90 m
I support:
50% to Solv vaults on Arbitrum (including SolvBTC).
50% to incentivize the creation of the SolvBTC liquidity pool
I don’t know how I feel about such projects, and does it help Arbitrum - I don’t know.
On the other hand, they help other projects distribute incentives, including helping to eliminate sybils.
The requested grant amount of 2,250,000 ARB is too high
From January to today, TVL has decreased from $40 million to $18 million.
According to their results, only 6.5k traders participated in the project in six months. Not enough for such a large grant; I think that the last grant did not produce results.