This tokenomics strategy has proven effective at mitigating mercenary liquidity, which is a concern one may consider with protocols that do not include ways to encourage user loyalty. Do we want to reward mercenary farmers who hop from one chain to the next?
Your opinion is that Radiant is testing a flywheel, but the data indicates that Radiant passed this test long ago. If you want to see what happens to protocols that operate the way you prefer, please refer to the Defi Index against ETH for many Defi 1.0 protocols that have not adjusted over time.
That portion of the proposal is milestone-based and the main qualifier is overall TVL including lending activity. dLP and lending TVL are interconnected as the emissions within the money market are gated by this eligibility. Historically this does not appear prohibitive to new users as Radiant has some of the strongest activity and volume on Arbitrum. We have the requisite experience to execute positive results on these campaigns that have proven to attract and retain users, TVL, and sequencer revenue.
After thoroughly reviewing this proposal, we iZUMi team are impressed with the level of detail and the comprehensive execution plan presented, especially the vitality and drive demonstrated by your team throughout the proposal.
We believe that with the support from the Arbitrum grant, the project will not only achieve its objectives but also flourish at an accelerated rate. We are thrilled at the prospect of this project coming to fruition and would like to formally extend our support for your proposal. We look forward to the possibility of further collaboration in the future!
From @Seedgov led by the @cattin delegation, we want to convey our support to this proposal. The reasons why we agree are as follows:
It is the main lending of Arbitrum
Focused on enhancing three areas: liquidity, enrichment, and integration.
Safeguarding the DAO by avoiding overallocation of ARB in suboptimal performance situations. They have a successful track record, market experience, and liquidity from Radiant’s dLPs.
We want to clarify that this is not the final vote, since as we clarify in this release, the final vote is defined by our community. We also want to invite you to attend our Governance Call that will be held tomorrow in our discord.
Michigan Blockchain supports this proposal with the requested amount being justified given the sustainable benefits to the Arbitrum ecosystem and having conducted an in-depth reviewal process of all submitted STIP proposals. We appreciate Radiant’s effort in delivering a promising proposal and working with the community throughout the process.
First and foremost, we would like to express our gratitude for your impeccable proposal. Upon reviewing your proposal, it is evident that it has been presented with great attention to detail, enriched with graphics and analyses. We find the implementation of the grant application, which varies according to the Proposal Milestones, to be quite appropriate. Furthermore, the individuals leading the project are proven and successful professionals.
As ITU Blockchain, we have no reservations about supporting Radiant.
Radiant is using 500k ARB tokens to fund some Ethereum Mainnet event https://twitter.com/RDNTCapital/status/1719846292401303586
Yes i know that they are not STIP funds but why the hell are we funding a project that got Arbitrum tokens months ago, and them showing they have a big bag of ARB tokens to throw on whatever they want, while there are lot of projects that got in line to get a few tokens and got nothing??
I think this is a very bad thing to see, embarrassing.
Update regarding the Camelot RDNT/ETH v3 incentive portion of the proposal:
Radiant will be incentivizing the following contracts:
0x8bb4c975ff3c250e0ceea271728547f3802b36fd — This is the MERKL distribution contract, which rewards users in varying amounts depending on the fees generated on manual v3 positions for Camelot’s RDNT/ETH v3 pool: Camelot DEX | Arbitrum native Decentralized Exchange
0x858826f811dd2a4ee037462989f84de8257cadce — This is the Gamma Strategies vault that handles automated liquidity management, & rewards users for supplying RDNT/ETH liquidity on Camelot’s v3 vault: Camelot DEX | Arbitrum native Decentralized Exchange
All transactions are shared within the transparency dashboard mentioned in the proposal.
