Deri Protocol Response to Arbitrum DAO Delegates’ Feedback and Revised Proposal
We’re submitting this new one with a few modifications, as per Clarified Process for Non-Council Recommended Applications.
Requested Grant Size:
USD equivalent: $230,769
ARB amount: 115,385 ARB at $2
Justification:
To determine the size of the grant we should request, we chose to benchmark against the current TVL increases that we’ve seen so far with our DERI incentives program. As detailed below, we expect to see at least a 250% increase in TVL heading to Arbitrum during the lifetime of this grant.
We target an average of 20% APR in ARB in our pool. To achieve this level of rewards for LPs on $5M TVL across 12 weeks, it would require the following:
USD equivalent = $5M * 20% *12/52 = $230,769
ARB amount = $$230,769/$2=115,385 ARB at $2