[Dolomite] [FINAL] [STIP - Round 1]

[Matt_StableLab]

Hello @corey thank you for your application!

Unfortunately, your proposal is not eligible for this incentives program for the following reasons.

1. You are not distributing the ARB to incentivize contracts and are instead selling it and using profits for protocol-owned liquidity and other activities which is not allowed.

@corey

After staking is done you can purchase the ARB for a y% discount using ETH

@corey

The received ETH would be deposited into Dolomite for further TVL boosting and would essentially be protocol-owned liquidity (serving as a liquidity backstop). In the future we can covert the ETH to other assets that may be needed to underwrite strategies on Dolomite (like USDC). We like that there’s a lot of flexibility with this model and how the ETH can be utilized in the future.

@tnorm

Can I use grant funding for operational costs?

Funds are to be kept in ARB and used to incentive Arbitrum contracts. This funding is not meant support development or operational costs.

2. The ARB is not permitted to be sold into another Asset. The intention of the program is to distribute ARB not to sell it for ETH.

@tnorm

Grantees are required to keep distributions in ARB without converting to other assets.