[Frax Finance] [FINAL] [STIP - Round 1]

Please check this Dune dashboard: https://dune.com/amirnader/frax-finance-arbitrum

2 Likes

Love the Frax team, would be ecstatic to see them have a larger impression here on Arbitrum with their new releases coming. Grant size seems appropriate and there is a lot of compatibility with their product suite and the native protocols here on Arbitrum.

2 Likes

I support FRAX finance proposal and think grant size is appropriate.
Maybe need to see some matching from FRAX though

2 Likes

Good scope and Frax is good to everyone and we should be good to Frax.

3 Likes

I fully support the Frax Finance grant proposal for the Arbitrum ecosystem. This proposal outlines a strategic plan to leverage Frax Finance’s brand and community to attract users and assets to Arbitrum, contributing to a healthier and more competitive DeFi landscape.

Frax Finance’s commitment to incentivizing pools in a responsible manner, avoiding excessive yield shocks, aligns with the goal of fostering long-term engagement rather than just attracting short-term speculative capital. The focus on completing the trio of decentralized stablecoins alongside USDC and USDT is a smart move that benefits the ecosystem’s diversification.

The proposed KPIs offer clear and measurable benchmarks for success, providing transparency and accountability. Additionally, the responsible fiscal management demonstrated by planning to return excess grant funds to the Arbitrum DAO Treasury shows a commitment to the sustainability of the ecosystem.

4 Likes

Thank you for making these changes and providing clarification! Your submission now meets all requirements to be considered for a snapshot vote.

1 Like

Imagine not supporting FRAX.

Frax is by far the most defi intergrated project there is.

They have an excellent understanding of systems. A huge community of supporters , both in TVL terms, and technical understanding.

They’ve proven themselves to be efficient, supportive, and insightful.

1 Like

Hello @Frax.Finance,

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:

Once you change your proposal title 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.

Once marked as [Final], your application post will be locked by moderators and you will no longer be able to edit your proposal.

1 Like

@Frax.Finance 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.

1 Like

Frax outlines a multifaceted approach for increasing FRAX usage and creating capital flows to Arbitrum. Their suggestions can help create a healthier and more sustainable landscape for stablecoins and liquid staked ETH on Arbitrum as well. We’ll be showing support for this proposal.

1 Like

Blockworks Research supports this proposal and deems the requested amount of 1,500,000 ARB justified based on, among other things, the anticipated sustainable impact on, and goodwill to, the ecosystem, metrics such as TVL / volume / fees on Arbitrum and overall, a comparative analysis of all submitted STIP proposals, the distribution of incentives across verticals, as well as, to a certain extent, the recommendations made by the Arbitrum Working Group through the four grant categories.

2 Likes

A bit late, but I’d like to add that it’s been a pleasure to work with the Frax team and the Frax ecosystem. With V3, there’s so much to look forward to that helps the DeFi space flourish more overall. Happy to support their proposal.

1 Like

Michigan Blockchain supports this proposal with the requested amount being justified given the sustainable benefits to the Arbitrum ecosystem and having conducted an in-depth reviewal process of all submitted STIP proposals. We appreciate Frax Finance’s effort in delivering a promising proposal and working with the community throughout the process.

2 Likes

Considering that Frax Finance has been a part of the decentralized finance ecosystem for quite some time and has proven itself in many stablecoin crises, we believe that with the incentive requested under the STIP framework, Frax Finance will expand its roots in the Arbitrum ecosystem and achieve its goals.