TLDR for the proposal CyberCash - Driving Crypto Adoption on Arbitrum
CyberCash is a novel ERC20 token natively deployed on Arbitrum with innovative mechanism design that supports the goal of being used as digital money. Its transaction based incentives through the burn & earn mechanism intrinsically supports user adoption and rewards integration by developers and businesses.
The proposal requests an ARB grant from the DAO to help kickstart the economic weight and further align incentives between CyberCash and the Arbitrum network.
There are two main elements of the proposal that could be discussed in isolation:
- 200k ARB to help bootstrap the CASH/ARB Genesis LP (fair launch). This would replace the current plan of launching with a CASH/ETH LP supplied with 1 ETH by Possum Labs, and hence establish a close value connection between ARB and CASH.
- 100k ARB to support operational activities such as marketing & developer support