From January to now, TVL has dropped from $2 million to $1 million.
Of these, Arbitrum - 400k.
For such a small TVL, 200,000 ARB is too much of a request, and besides, they consider Polygon to be the main chain - as it is written on their website
The report says that TVL increased from 1 to 1.5 million $
But on Defillama.com I see the opposite situation - a decrease from $1 to $700k.
They are asking too much, it seems to me, and they did not achieve any results with the help of the previous grant.
Despite the fact that the project started the last grant with a long delay, they have a stable TVL and a useful product.
They want to spend the new grant not only on Curve, but also on Pendle products at Arbitrum
The grant request is too large given the lack of clear growth in use.
Previous grant was 60k, and now project wants 350k.
Also, there was a lot of outrage on the forum about non-payment of the previous grant.
Grant expects to use ARB to provide discounts to users (80% discount on connection + gas fee) in the Socket API/SDK
I donât like the approach of using grants to offset fees or the cost of the project itself. Thus, the project can charge a higher and non-competitive cost through the grant.
There is no normal link in the report; it is unclear to me how they obtained this data. There is only a screenshot of their calculations, which by default I do not trust.
So I donât understand whether there are positive results from the past grant or not
The project will increase its TVL from the beginning of the grant to now from 300k to 2 million.
I like that they plan to spend the grant on the USDA launched and profitable stUSD - 20%
The report states good performance and an increase in trading volumes from 32 million to 105 million per month.
I couldnât find where to check, all the statistics are available for all networks, and there, plus or minus, itâs all the same, about 50-70 million per day, Arbitrum accounts for a small part, but I canât seem to say anything bad about this project.
I consider it useful for Arbitrum
It is a mistake to spend 200 million until the DAO has researched what exactly it wants to get as a result.
First, it was necessary to allocate funds for research into what games needed to be developed or developed. Is there a need for new games, or should existing ones be improved for web3.
And wasting 200 million ARB is too much expense without any guarantee of usefulness for Arbitrum
Earlier, 2 months ago, they voted to allocate funds to protect developers.
Results:
38.8% for allocating 500,000 ARB
37.5% for allocating 1,000,000 ARB
But for some reason this vote is 1,000,000 for voting in Tally.
In other cases, I think I would be indignant a lot, but here, for a good cause, I donât have to be too indignant.
Despite the change in the amount, I vote for help for software developers
The calculation model requires 2.4 million ARB, but the request is only for 1.9 million ARB.
In this regard, there is no way to understand exactly how rewards will be distributed.
Fee of the project is compensated - 80% in the amount of $816,000. I believe that compensation for the project commission should be excluded. This is something that goes directly to the project. That is, the project receives a significant part of the grant, which it most likely would not have received without the grant.
In general, given the fact that this is a update for Ethereum, there is no choice and this will have a positive impact on the ability to attract people to Arbitrum
particula.io
Large professional team in the financial sector and audit, but little experience in crypto and therefore did not vote for this team
bluechip.org
A small team of a former poker player, an economics professor and an accountant. It seems to me that this is not enough to be a manager and therefore I did not vote for this team
Steakhouse.financial
A large professional team with a financial background and extensive experience in crypto. Voted for them.
avantgarde.finance
The team has been working with Uniswap, The Graph, Nexus Mutual, Paraswap for more than 5 years. Voted for them.
Votes: 50% FOR Steakhouse.financial 50% FOR avantgarde.finance
Platform: Snapshot