Dolomite has built out a lot of innovative products on Arbitrum, I’m a fan of their team and what they can bring to Arbitrum users.
2 Likes
I support this proposal. Dolomite’s plan to leverage ARB to increase TVL will be great for ARB and the growth of the Arbitrum ecosystem. Additionally, Dolomite’s focus on preserving the rights of users by removing restrictions on assets used as collateral is great for making the ecosystem more accessible to all. Dolomite is composable and supports a wide range of tokens - I think they have the potential to be a key player in the DeFi landscape. Always happy to support a proposal that empowers users while still promoting growth.
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Dolomite is the most innovative lending platform (and more 
) that I have seen in Defi thus far. Not only that, as displayed by the proposal, they are focused on utilizing this ARB in a sustainable way that incentivizes STICKY liquidity. Support.
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Hello @corey thank you for your application!
Unfortunately, your proposal is not eligible for this incentives program for the following reasons.
- 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.
- 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.
I think you’re not understanding how the model works. We aren’t selling any arb.
Hello @MajinBobo0x thanks for the feedback! Can you please provide more details? From the following quote, it appears ARB will be sold for ETH
Hey Matt, I think I can help clarify things. We’re using a typical liquidity mining program to distribute an oARB (option-ARB) token first, based on users providing liquidity to Dolomite. The oARB token can be converted to ARB using the bonding program we laid out in the proposal.
The key takeaway is that there’s two layers to the program:
- The distribution of oARB to yield farmers
- The conversion of oARB to ARB in a way that aligns the yield farmer with the Arbitrum ecosystem instead of mercenary dumping
We’re open to suggestions if you think it’s problematic! We put a lot of time and thought into designing this and would prefer we work with you to fix any issues instead of being outright rejected.
Umami is using the same option/bonding program (they give us credit in their application) and their proposal was approved.
2 Likes
Big fan of Dolomite, always have had a great experience with the platform & the team, and a grant will really help the product to shine. Fully support the proposal!
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Hey @corey Thanks for this clarification! Your submission now meets all requirements to be considered for a snapshot vote.
However, please note that the Funding Tranches piece of the incentives framework has been replaced by funds being streamed biweekly.
2 Likes
Amazing, thank you for the reconsideration! We’re ready to accept the funding tranches in streams and are fully aware of it. Thank you again!
Firstly, thank you for your proposal and keen interest in the Arbitrum ecosystem.
Introduction and Rationale
Dolomite has proposed creating a lend/borrow hub focusing on Arbitrum native DeFi projects, with an application for a 1M ARB grant, accounting for 2% of the total program availability. The emphasis on security, user experience, and an innovative approach to steady growth aligns with Arbitrum’s values. The unique model of vesting ARB, bonding, and XP achievements not only counters mercenary capital but also bolsters active user engagement. This comprehensive and thoughtful proposal showcases Dolomite’s commitment to enhancing the Arbitrum ecosystem, and we believe in its potential effectiveness.
No Significant Concerns
We do not have major concerns regarding this proposal. Dolomite’s plan is clear, and innovative, and shows a strong commitment to engaging users actively and responsibly.
Summary
Castle Capital appreciates the efforts put forth by Dolomite and the innovative lending/borrowing hub they aim to establish within the Arbitrum ecosystem. We are in support of the proposal despite the higher-than-suggested ARB amount in the request. This mirrors our confidence in the Dolomite team and their detailed, user-centric proposal.
We hope that our feedback is received as a constructive contribution, aiding the further enhancement and success of Dolomite’s project for the widespread benefit of the Arbitrum ecosystem.
2 Likes
Been working closely with the Dolomite team and we’re impressed on how consistent the team ships. Particularly impressed with the oARB design here as well! Looking forward to seeing this proposal move forward.
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Hello @corey,
Now that your application has been marked eligible, please be advised of the remaining steps in the application process to be completed prior to the Review Period Deadline:
Please complete the following steps required for your application to proceed to Snapshot:
To change your proposal to final, please tag an Arbitrum Foundation Forum Moderator (@ stonecoldpat @ cliffton.eth @ eli_defi) by the Review Period deadline to notify them of your proposal’s readiness to proceed from [Draft] to [Final] status.
Once notified, the Arbitrum Foundation Forum Moderator will adjust your title from [Draft] to [Final] status. Once marked as [FInal], your application post will be locked by moderators and you will no longer be able to edit your proposal.
Thank you Matt for the clear instructions. @cliffton.eth @eli_defi @stonecoldpat can you please modify our post title to FINAL and lock the thread?
Post has been marked as FINAL and locked.
Hey Dolomite Team,
We are thrilled at the prospect of this project coming to fruition and would like to formally extend our support for your proposal. We look forward to the possibility of further collaboration in the future!
BR,
iZUMi Team
2 Likes
Dolomite: @corey
From @Seedgov led by the @cattin delegation, we want to convey our support to this proposal. The reasons why we agree are as follows:
- The proposal is straightforward and concise. In addition to receiving positive references from the Dolomite team, they are one of the few protocols aiming to innovate in the lending segment of the market. Arbitrum should definitely support this type of project.
We want to clarify that this is not the final vote, since as we clarify in this release, the final vote is defined by our community. We also want to invite you to attend our Governance Call that will be held tomorrow in our discord.
1 Like
The all-in-one protocol that Dolomite serves is one of the best and easiest ways to execute transactions on blockchains. We examined the protocol and loved the features you added, such as portfolio and margin trade statistics. We’re ready to vote on this proposal as FOR; however, we need a further explanation of the use of grant funds. The APR increase part is understood, but the proper explanation of “aiming to increase the TVL” is not efficient and is missing.
1 Like