Thanks Matt.
I’ve amended the term and added exact items ARB will be used for. It’s primarily going to go back to LPs and lenders on Arbitrum ecosystem. Also reduced the ask from 5m → 4m ARB.
My hope is that increased liquidity will lift supply caps across lending protocols, which will push more stETH from Mainnet to Arbitrum. For that to happen, liquidity needs to drastically increase to accommodate size.
Also, it’s very likely GMX will choose to integrate wstETH in some shape or form, which will create large demand for hedging activity, which also requires more liquidity.