97 Polls Closing October 12, 2023
IMPORTANT: A limited amount of time to review often results in suboptimal approvals of grants. GFX Labs has reviewed hundreds of grants, which received more than one hundred million of dollars in the past. The STIP process is not optimized for providing time for applicants to craft quality proposals, or for reviewers to do any significant level of diligence or evaluation. Therefore, we wish both delegates and applicants to be charitable and kind with each other, as we are all operating in a process that encourages mistakes to be made.
GFX Labs has adopted a relatively conservative stance to grants approvals, partly owing to the requirement that all grants run simultaneously. This makes some grants, which in isolation would be desirable, compete with each other, and do so at Arbitrum governance’s expense.
We will post a retrospective on the STIP process in the coming days, and constructive criticism on how to avoid creating an environment that disadvantages both applicants and reviewers in the future.
UniDex
Summary: 750,000 ARB to UniDex to incentivize or provide slippage protection.
Recommendation: Vote No. This protocol has only $1.5m TVL according to DefiLlama, with only $270k on Arbitrum. While it may be useful as an aggregator for spot and perps trading, it just doesn’t seem like a good use of ARB in a crowded field.
Good Entry
Summary: 200,000 ARB to Good Entry to incentivize usage.
Recommendation: Vote Yes. Good Entry offers leveraged trading on top of Uniswap V3. While Good Entry has a TVL on Arbitrum of only $1m, it is a new protocol and its TVL has remained steady. The requested amount is a bit high, but we’re willing to support since it is built on top of a key piece of the Arbitrum economy (Uniswap).
IZUMi
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote No. This protocol has only ~$1.5m TVL according to DefiLlama. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Synapse Protocol
Summary: 2,000,000 ARB to incentivize usage.
Recommendation: Vote No. Synapse still has more than 1m ARB it received in the initial airdrop, so does not require ARB to fund user incentives.
Jones DAO
Summary: 2,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or asset to Arbitrum.
D.2finance
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Silo Finance
Summary: 1,000,000 ARB to incentivize 16 pools.
Recommendation: Vote Yes. While there is not an explicit emphasis on migrating new users or assets to Arbitrum, most of Silo’s existing user base is on mainnet. We can hope some will migrate to Arbitrum after Silo advertises this new incentive program.
Jojo Exchange
Summary: 200,000 ARB to incentivize usage on Jojo Exchange.
Recommendation: Vote No. This grant would be larger than the TVL according to DefiLlama.
GMD Ecosystem
Summary: 800,000 ARB to incentivize usage of GMD and GND.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Thales
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote No. This grant request is more than half the TVL of Thales on Arbitrum. Also, no clear focus on onboarding new users or assets to Arbitrum.
Rysk
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote No. This grant request is equal to a third of the TVL on Arbitrum. Also, no clear focus on onboarding new users or assets to Arbitrum.
Sanko GameCorp
Summary: 500,000 ARB to incentivize viewership.
Recommendation: Vote Yes. The amount requested is high and we are not familiar with the applicant’s past work or track record beyond what a cursory search shows. That being said, the grant is at least moderately tailored to appeal to users that may not already be onboarded into Arbitrum
Wombat Exchange
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote Yes. Half of this amount is intended to incentivize Wombat’s cross-chain swaps/pools. That helps connect the Arbitrum economy to other chains, such as Binance and L2s. More commerce between chains is a net positive, and it also exposes new users to Arbitrum and lowers the friction for them to move assets to the chain via swaps.
Camelot
Summary: 3,090,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Rodeo Finance
Summary: 250,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Dolomite
Summary: 1,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum. Also, this grant request is almost 20% of the TVL of the protocol.
Furucombo
Summary: 59,500 ARB to incentivize usage.
Recommendation: Vote Yes. This grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on bringing new users to Arbitrum. It is, however, a very small grant, and given the alternative grant proposals, worth seeing if it has any effect.
Vertex Protocol
Summmary: 1,800,000 - 3,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum. Also, this grant request is almost 20% of the TVL of the protocol.
ALAYA
Summary: 500,000 ARB to incentivize users to help train and use the AI.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Curve
Summary: 1,600,000 ARB to incentivize usage.
Recommendation: Vote Yes. While there is not an explicit emphasis on migrating new users or assets to Arbitrum, most of Curve’s existing user base is on mainnet. We can hope some will migrate to Arbitrum after Curve advertises this new incentive program.
ZKasino
Summary: 300,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Thetanuts
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote Abstain. Onboarding new users for onchain options is the first stated goal of the grant plan. We are unfamiliar with the applicant, however, and have not performed diligence given the compressed timeline for voting on these proposals. The grant request is also several times the entire Arbitrum TVL of the protocol.
PancakeSwap
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote Yes. A stated goal of the grant is to incentivize PancakeSwap’s existing user base on other chains to bring assets to Arbitrum. PancakeSwap has a large existing user base, primarily on Binance’s chain. The requested amount is also modest compared to many competing proposals.
Beefy
Summary: 900,000 ARB to incentivize usage.
Recommendation: Vote Yes. A stated goal of the grant is to incentivize Beefy’s existing user base on other chains to bring assets to Arbitrum. Beefy has users on a large number of chains, including several where it has a bigger footprint than Arbitrum.
TimeSwap
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote No. The project looks interesting and novel, but the requested amount is close to half the Arbitrum TVL of the project, which only has ~$1m TVL across all instances according to to DeFiLlama
QiDAO
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote Yes. While there is not an obvious attempt to migrate or attract users to Arbitrum that are not already present, a deep, competitive stablecoin market is important for the Arbitrum economy to prioritize. The grant size, while not small, is also considerably more modest than many others.
DeFi Edge
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum. The requested amount is also a significant percentage of the current TVL on Arbitrum.
StakeDAO
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote No. This is not yet live on Arbitrum.
Vaultka
Summary: 600,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum. The requested amount is also relatively large vs the size of Vaultka.
WOOfi
Summary: 1,000,000 ARB to incentivize usage.
Recommendation: Vote Yes. A stated goal is to onboard users of their centralized products onto Arbitrum. Given time constraints to review, no significant diligence on WOOfi was performed in making this recommendation.
Quadrat
Summary: 1,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
CVI
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Summary: 370,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
HMX
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Gamma
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote Yes. While there is not an obvious attempt to migrate or attract users to Arbitrum that are not already present, Gamma has a significant active user base on a number of competing chains that will be alerted to these incentives.
Perennial Finance
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote Yes. The grant plan has a stated goal of “bringing new users, projects, and developers to Arbitrum,” which is what we view as the primary reason to offer grants.
Wormhole
Summary: 1,800,000 ARB to incentivize migration of USDC to Arbitrum.
Recommendation: Vote Yes. A deep, competitive stablecoin market is important for the Arbitrum economy to prioritize. Wormhole has a significant active user base on a number of competing chains that will be alerted to these incentives. As a secondary effect, this will help the Arbitrum ecosystem begin to migrate from bridged USDC to Circle-minted, native USDC, which would be facilitated by Wormhole. GFX Labs advised the Wormhole Foundation on this grant plan.
Angle Protocol
Summary: 700,000 ARB to incentivize usage.
Recommendation: Vote Yes. A deep, competitive stablecoin market is important for the Arbitrum economy to prioritize. Angle also provides a stable denominated in non-USD, which offers the opportunity for activities centered on euro stables to concentrate on Arbitrum.
OmniBTC
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote Yes. The grant will subsidize bridging new assets to Arbitrum.
Magpie, Penpie, Radpie, Campie
Summary: 1,250,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Galxe
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote Yes. A stated goal of the grant plan is to onboard new users and increase community participation. While it’s not clear how Galxe will onboard new users, its core product is often used to increase the intensity and frequency of community interactions.
Solv Protocol
Summary: 150,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Realm
Summary: 300,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum. We would have preferred to see a focus on new user acquisition for the Realm gaming ecosystem.
Wombex
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum. We do appreciate the stated goal of increasing user activity, but it’s not clear from the grant how the funds would achieve that goal specifically.
dForce
Summary: 1,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Relay Chain: James Bot
Summary: 400,000 ARB to incentivize usage.
Recommendation: Vote No. This product is not live on Arbitrum.
Equilibria
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Balancer
Summary: 1,200,000 ARB to incentivize usage.
Recommendation: Vote Yes. While there is not an explicit focus on migrating users and assets to Arbitrum, Balancer has a large following and user base on other chains, who presumably will be exposed to the existence of these incentives and migrate some of their assets to Arbitrum.
Arrakis
Summary: 806,000 ARB to incentivize usage.
Recommendation: Vote Abstain. Arrakis is a well-known protocol, but the TVL on Arbitrum is less than $2m, which makes this grant size quite large. The majority of its users on Ethereum are also utilizing inexpensive leverage from MakerDAO that’s not available on Arbitrum, so it’s unclear how many of those users would be responsive to migrating assets to Arbitrum.
tBTC
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. This is simply a large grant considering the ~$3m of tBTC currently on Arbitrum. Given time to prepare a grant plan tailored to sourcing new users and migrating them to Arbitrum, we would support seeing Threshold seek a grant in the future.
Vela Exchange
Summary: 1,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Socket
Summary: 1,000,000 ARB to incentivize usage.
Recommendation: Vote Yes. Socket is a cross-chain protocol, and the stated goal of the grant plan is to drive usage onto the various Arbitrum chains. Socket has become well-known in the L2 space, and has a good reputation.
Lido
Summary: 4,000,000 ARB to incentivize usage.
Recommendation: Vote Abstain. This is a very large grant request, and directed at one of the few crypto assets to have already found extensive product-market fit. It’s difficult to see how this can meaningfully increase liquidity for wstETH on Arbitrum. We do support that outcome, but subsidizing an already successful product is difficult – at some point you’re just pushing on a string.
Stargate Finance
Summary: 2,000,000 ARB to incentivize usage.
Recommendation: Vote No. Stargate still has 1.5m ARB from its initial airdrop, which it hasn’t used.
MUX Protocol
Summary: 6,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Tally
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote Yes. This is targeted at growing the number of DAOs on Arbitrum and using onchain governance.
Dopex
Summary: 1,500,000 ARB to incentivize usage.
Recommendation: Vote Yes. A stated goal of the grant plan is to onboard new users. We wish there was more clarity about how that will be done, but given the time constraints when writing these grant plans, that’s perhaps to be expected.
GMX
Summary: 14,000,000 ARB to incentivize usage.
Recommendation: Vote No. This is just too large a proportion of the total ARB available for this grants wave.
Prime Protocol
Summary: 300,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Lodestar Finance
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
KeplarHomes
Summary: 960,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
LogX
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Range Protocol
Summary: 450,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Frax Finance
Summary: 1,500,000 ARB to incentivize usage.
Recommendation: Vote Yes. Frax’s suite of products – with FRAX and Frax ETH in particular - provide important infrastructure for the economy of Arbitrum. This grant plan is intended to use Frax’s large existing user base and community to migrate more of those assets to Arbitrum, creating deeper liquidity in the stablecoin market and increase the capital flowing to the chain with Frax’s yield-bearing asset (staked ETH). GFX Labs advised Frax Finance on this grant plan.
Abracadabra
Summary: 1,500,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum. We would have preferred to see an emphasis on Abracadabra encouraging its user base on other chains to give Arbtirum a try.
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Webacy
Summary: 812,600 to incentivize usage.
Recommendation: Vote Yes. While this grant plan does not explicitly attempt to onboard new users to Arbitrum, making wallet security products available is akin to vaccination. It makes everyone safer when even some people use the product. Making Arbitrum a less inviting target for malicious actors, even by a modicum, is worth this grant. Wallets with assets the size of this grant request are drained every week (or maybe even every day) across DeFi.
Chronos Finance
Summary: 525,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
OpenOcean
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote Yes. This grant plan includes subsidizing cross chain asset swaps, making Arbitrum more interconnected to other crypto ecosystems. That makes it easier for new users to find and use Arbitrum.
Cryptex
Summary: 1,300,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Florence Finance
Summary: 250,000 ARB to incentivize usage.
Recommendation: Vote Abstain. In theory, any RWA protocol is by definition onboarding new users and assets to Arbitrum – and importing capital to the chain by paying interest. We’re not familiar with Florence, though, and have had a front row seat to how complex RWA implementation can be. So we support this conceptually, but feel much more diligence would be needed before disbursing a grant.
0xGen
Summary: 250,000 ARB to incentivize usage.
Recommendation: Vote Yes. 0xGen is a cross-chain liquidity aggregator. Cross-chain commerce introduces new users and assets to Arbitrum.
Stella
Summary: 186,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Notional Finance
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote Yes. While this proposal doesn’t explicitly attempt to onboard new users, Notional dominates the fixed lending vertical on Ethereum, and this is an opportunity to build that functionality out on Arbitrum, while the incentives will be advertised to Notional’s existing user base.
Gains Network
Summary: 7,000,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Tide Protocol
Summary: 80,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Trader Joe
Summary: 1,510,000 ARB to incentivize usage and onboarding new protocols to Arbitrum.
Recommendation: Vote Abstain. This grant request is not a small sum. It does, however, stand out for emphasis on bringing new protocols and developers to Arbitrum and providing incentives for some cross-chain activities. Unfortunately, those are not the majority of the grant plan, which makes it hard to support, since it would direct ARB inwards to users and assets already on Arbitrum.
Archi Finance
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
KyberSwap
Summary: 1,500,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Cian
Summary: 380,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Modular Wallet
Summary: 200,000 ARB to incentivize MOD/ARB liquidity.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Savvy
Summary: 200,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
XY
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote Yes. This grant is to subsidize onboarding new users via XY’s cross chain element. As a reminder, we have not had time or opportunity to diligence this protocol or its team.
Pendle
Summary: 2,000,000 ARB to incentivize usage.
Recommendation: Vote Yes. While this proposal doesn’t explicitly attempt to onboard new users, Pendle has a broad user base on other chains that these incentives will be advertised to, and seems likely to generate some user or asset migration.
Ramses
Summary: 1,248,000 ARB to incentivize usage.
Recommendation: Vote Abstain. This grant request is large. It does, however, have a goal of bringing new protocols and developers to Arbitrum. Unfortunately, those are not the majority of the grant plan, which makes it hard to support, since it would direct ARB inwards to users and assets already on Arbitrum.
Shell
Summary: 750,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Guru Network
Summary: 133,700 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
unshETH
Summary: 375,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Premia
Summary: 900,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
RabbitHole
Summary: 1,000,000 ARB to incentivize usage.
Recommendation: Vote Yes. While this proposal doesn’t explicitly attempt to onboard new users, this is to incentivize quests on Arbitrum, which are a widely used method of increasing community engagement and user acquisition.
ArbiDEX
Summary: 240,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Radiant Capital
Summary: 2,852,044 ARB to incentivize usage.
Recommendation: Vote Yes. While this proposal doesn’t explicitly attempt to onboard new users, Radiant’s niche is cross-chain money market.
WINR
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
ApolloX
Summary: 640,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
NFTEarth
Summary: 195,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
SpartaDEX
Summary: 500,000 ARB to incentivize usage.
Recommendation: Vote No. While it may be useful, this grant looks like it would only spend DAO funds to compete with other liquidity programs on Arbitrum, with no clear focus on onboarding new users or assets to Arbitrum.
Tales of Elleria
Summary: 50,000 ARB to incentivize usage.
Recommendation: Vote Yes. Gaming is a potential route to onboard new users. We’re not familiar with this game company, but the amount requested is small, so it’s acceptable to take a risk on this grant plan.