[Good Entry] Bi-Weekly Update [1 December 2023]

DAO Grant Programs Biweekly Updates (STIP)
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Recap of the Previous Two Weeks

ARB Received Last Disbursement: We have yet to claim our ARB to incentivise TVL. We recently completed our audit with veridise for our Degen Mode. This is one month ahead of schedule and will be deploying the ARB incentives to support a TVL migration across and attract more interest.

ARB Utilized as Incentives in the Last Two Weeks: [0]

Contracts incentivized over the last 2 weeks: [0]

ARB left over: [200,000]

Plan for leftover ARB: [Roll over to support Degen Mode traction development]

Summary of incentives: [NA]

Additional Info / Disclosures to Multisig: [NA]

STATS

Contextualised to our degen mode development.
Average daily TVL: [NA]

Average daily transactions: [NA

Average daily volumes: [NA]

Number of unique user addresses: [NA]

Transaction fees: [NA]

Link to Dashboard showing metrics: [NA]

Plan For the Next Two Weeks: Get a working version of our Degen mode going so that users can test it out

Amount of ARB to be distributed: [I200,000

Contracts that will be incentivized: [To be updated in 2 weeks]

Mechanism for distribution incentives: [airdrop]

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@Matt_StableLab Has anyone at the Arbitrum Foundation requested/received bi-weekly updates from this protocol regarding 200k in grants?

Why have the grants not been paused or a proper justification been sought from the team about TVL growth plans, as $ARB incentives subsidies are the only thing keeping the protocol afloat. Even then, the protocol has less than 500k in TVL locked in it’s EZVaults and is currently is possession of greater than 60K ARB in two wallets. https://dune.com/good-entry/protected-perpetuals-degen

Distribution Wallet : DeBank | The Web3 Messenger & Best Web3 Portfolio Tracker

Is this the level of due diligence the Arbitrum Foundation conducts post facilitating grants, for products with no working roadmap or Treasury wallet disclosures, shilled by KOL’s & influencers close to the TGE?