Personally I see this proposal as one that does not align with the expectations set out by the Arbitrum DAO nor does it make sense to support when in consideration of the many long-standing Arbitrum Builders that have shown genuine commitment and advocacy.
Here are my core concerns
-
This grant requests 500k ARB however PancakeSwap have been deployed for a little under 2 months and therefore this request is not fitting with the Siren Grant category that PancakeSwap are applying to. Siren Grant stipulates 4 months deployment time on Arbitrum.
-
50% of the requested grant will be use directly to incentivize core blue chip Liquidity Pools. This offers little benefit to the Arbitrum Ecosystem when there are equal and better trading venues for these pairs.
-
50% of the requested grant is claimed for ‘high impact products’ that have yet to deploy onto Arbitrum and thus, the term high impact is not evident. Past performance is no guide to future success.
-
Matching Grant Committed is CAKE tokens emitted over an entire 12 months. This is well outside of the incentivization period and therefore is not a relevant commitment to make.
-
PancakeSwap are deploying to multiple chains, this raises questions around the genuine commitment towards Arbitrum. PancakeSwap deployed to Arbitrum, after Aptos, Ethereum, zkSync Era and Polygon.
-
Galxe Campaigns advertises as community growth levers are part of multi-chain first campaigns that are not Arbitrum focused.
PancakeSwap have a reputable brand, but there are many reputable brands and there are many passionate native builders on Arbitrum vying for incentives.
I will therefore not support this grant application based on the above.