Below you’ll find a quick update for the remaining 2 ongoing grants. As a reminder, the program has concluded, and a retrospective report is available here.
Arbitrum Yield & Risk Intelligence Layer by Today in DeFi
Status: Ongoing
Grant Amount: $5,000
TiD Research proposes building a simple, highly effective Yield & Risk Dashboard for Arbitrum, starting with a single pilot asset: thBILL. Right now, it is too difficult for both regular retail users and larger institutional investors to figure out if a DeFi yield is safe and sustainable. This MVP will deliver a live tracking dashboard and an easy-to-read risk report for thBILL. By starting with just one asset, we can prove that giving users clear, trusted data makes them confident enough to deposit their money. Furthermore, this MVP serves as a scalable template that can be rapidly adapted for other high-traction assets in the future.
You can read the entire application here. The original application can also be found here.
Initial Evaluation
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TiD’s submission scores medium on the evaluation matrix as:
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While there is a specific plan for the creation of the analytics dashboard with defined steps, there’s no specific end goal for the use of the dashboard. This can be attributed to the nature of data dashboards, but I’m unsure about an actionable result that access to the data that TiD wants to track will lead to.
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The team does have relevant expertise and experience, and they are decently connected within Arbitrum ecosystem.
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The proposal doesn’t strictly fall within one of the defined categories of the program, even though it’s submitted under the ‘Revenue’ category. I’m evaluating this as an ‘Open Track’ application, which means I want to have strong justification for funding it.
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The proposal does have strategic relevance, especially as Arbitrum, along with the broader crypto ecosystem, is getting more attention for TradFi and financial institutions who need deeper insights before deploying resources. The timing is also good.
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In terms of the grant size, the described work-hours and costs appear to be at a market rate, though this kind of work could be charged at a big premium.
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The impact of the grant can be considered high in the sense that it will fund the creation of the actual dashboards, and not some kind of research about the dashboards potential usefulness. However, the impact of the dashboards’ existence on Arbitrum is not something I can adequately gauge.
Strong Justification for Open Track
After reviewing the updated application, I largely agree with my initial evaluation so therefore I’ve kept it as is. The reason I decided to accept the application was because TID is positioned to maintain, update and use this dashboard for their own purposes too. I see this grant more like a typical grant, and less so like a public good funding in that regard.
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KPIs
Here are the KPIs we’ve set together with Today In DeFi to keep track of the progress of the grant:
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Completion of deep-dive report for thBILL
- Completed and available here
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A live MVP dashboard with real-time and historical data specific to thBILL on Arbitrum
- Available here
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Increase in thBILL’s TVL on Arbitrum and higher utilization rates across Arbitrum lending markets, as measured with the metrics below:
- Capture 50+ verified institutional/fund email leads/domains via the risk report download portal & data dashboard registration.
- Correlate dashboard launch with a 10% increase in thBILL’s TVL on Arbitrum.
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High retail engagement on our dashboard (page views, unique visitors) and an increase in active retail wallets farming thBILL.
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Achieve 1,500+ unique dashboard sessions within the first 30 days.
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Maintain a 10%+ Click-Through Rate (CTR) from our Yield Matrix directly into Arbitrum-native DeFi protocols (e.g., Camelot, GMX).
KPIs 3 and 4 are to be tracked for 30 days after the successful delivery of the outlined deliverables.
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Changelog
You can find a changelog with frequent updates on the grant’s progress in the dashboard’s tracking page for this grant.
Stablecoin Research by LamprosDAO
Status: Ongoing
Grant Amount: $6,000
A grant to fund work on a model to gauge how much of the sequencer revenue can be attributed to stablecoin activity on Arbitrum. They will also research revenue projection benchmarks for a non-USD stablecoin.
You can read the entire application here.
Initial Evaluation
Overall, the application from LamprosDAO scores medium-to-high in the evaluation matrix as:
- There’s a clearly outlined plan, broken down in specific distinct milestones, and there’s a specific end-goal that the team will be working towards.
- The applicants do have relevant experience, and they’re decently positioned within Arbitrum, having been actively involved in the DAO over the last 2+ years.
- The application loosely falls within one of the defined categories. While it’s not directly associated with an initiative to drive revenue, it’s groundwork that could inform a potential revenue stream.
- There’s strong strategic alignment with existing initiatives, especially on the AAE side, and the timing is good.
- The grant size is at market rate for this kind of research work.
- The impact from the grant is medium, as the deliverable could inform a potential workstream, but activating such a workstream is not an easy task or a decision to be made lightly. Therefore the impact isn’t as direct.
KPIs
Here are the KPIs we’ve set together with LamprosDAO to keep track of the progress of the grant:
- The stablecoin dataset was put together and shared with the OpCo
- Live Dune dashboard with the fee attribution model and documented methodology shared with the OpCo
- Availalbe here
- Non-USD asset selection completed
- Non-USD benchmarking report completed, with revenue projections and strategic options outlined, delivered to the OpCo
- Full research report and potential next steps memo published on the Arbitrum Forum
Changelog
You can find a changelog with frequent updates on the grant’s progress in the dashboard’s tracking page for this grant.