Voted “FOR” on Snapshot and Tally.
Reasoning: Curve is a leading DeFi protocol and having another item of its suit on Arbitrum is an enhancement for our DeFi Ecosystem. It would be handy to have it under the LTIPP monitoring.
Blockworks Research will be voting FOR this proposal on Tally.
Our reasoning remains largely unchanged from our initial comment. Some of the funds from Michael Egorov have already been used to bootstrap the lending market, which is outside the initially proposed scope of fund usage. However, we don’t think this warrants voting against the proposal. Moreover, Egorov pledging an additional ~20K ARB per month is a great addition to the already committed matching of ~240K ARB.
We also want to thank @SEEDGov, which, as an LTIPP Advisor, has committed to monitoring the incentive program if this proposal passes.
We vote FOR the proposal on Tally because it’s very well-considered and positive to both of Arbitrum and Curve ecosystems as a whole. Additional commitments from Michael is great as well. Looking forward to great impact generated by the execution of it.
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We previously expressed strong support for this proposal at the Snapshot voting stage, and our stance remains the same for this on-chain vote. To summarize:
- Bootstrapping liquid ARB and LRT lending markets on Curve will be highly valuable for the Arbitrum ecosystem
- The personal matching contribution from Curve’s founder is a compelling show of alignment
- The incentive plan is well-structured to drive liquidity while optimizing for long-term sustainability
- Curve is a battle-tested protocol that can drive further synergies across Arbitrum DeFi
While the requested amount is substantial, we believe the benefits outweigh the costs and the risks are well mitigated. This is an excellent opportunity to set a collaborative precedent with proven ecosystem leaders.
Therefore, on behalf of Arbitrum community members delegating to us, we are voting FOR this proposal to match Michael Egorov’s contribution and bring Curve Lending to Arbitrum.
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Sighting the rationale behind this earlier comment from jenga, DAOplomats voted to abstain during the onchain vote on Tally.
We failed to cast our onchain vote as I’ve been traveling recently and ran into issues on the road. I’m sorry about that, fortunately, the vote passed regardless of that.
We’d like to signal that as previously expressed during the temperature check we do support this proposal and we are looking forward to its implementation.
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See Tally decision here: Savvy DAO - Delegate Communication Thread - #33 by SavvyDAO
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Hi @michwill we have not yet received the program progress report. If you have any update please let us know, thanks.
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