1-Year Strategic Objective: Expanding Arbitrum via Institutional Orbit Chains
Statement
Onboard at least three institutional partners to launch an L2 or L3 chain using the Arbitrum Orbit stack. The main focus is expanding Arbitrum’s ecosystem through institutional adoption.
Explanation
This objective aligns with Arbitrum’s mission, vision, and purpose (MVP) by driving the “universal shift onchain”. Arbitrum’s current state is that it has strong technical foundation and good TVL, but it should not rest on the laurels. Attracting institutional partners can significantly increase network usage and demonstrate the viability of Orbit chains for enterprise solutions.
Risks include the complexity of enterprise sales cycles, and the need for tailored support. Non-capital resources required involve mainly solid business development efforts, and potentially customized solutions engineering.
Wider-reaching outcomes include increased transaction volume and TVL, and the establishment of Arbitrum as a leading platform for enterprise blockchain deployments.
Strategic Reasoning
With a more crypto-friendly regulatory environment, more and more institutions are showing interest in crypto, including launching their own blockchains.
Arbitrum is now in a perfect position, with a mature L2 tech stack and strong dApp use cases on Arbitrum One, to onboard institutions, especially from tradfi and fintech.
This proactive approach will position Arbitrum as the preferred choice for enterprises entering the blockchain space.
Key Results (KPIs)
- Secure commitments from at least three institutional partners to deploy Orbit chains.
- Launch at least one institutional Orbit chain on mainnet in 2025.
- Achieve a 20% increase in total transaction volume across all Arbitrum chains due to these new institutional chain(s). This can be measured as increase in TPS or UOPS since the launch of partner chain(s) within a certain timeframe (e.g. 6 months).
- Document these enterprise use cases and publish them as case studies to attract further interest.
Further Details
- Institutional partners can be either tradfi partners such as banks, or fintech startups such as Robinhood, or some other non-crypto-native partners.
- I was unsure whether to make this a 1-year objective with fewer institutional partners as a KPI, or a 2-year objective with a larger KPI. But I think a shorter timeframe will incentivize early and fast action to achieve the goals of this objective.
- As for the objective itself, I think we all quietly assume that AF or OCL are reaching out to institutions (and they probably are), but it does not mean that the DAO should not do the same. Though, both DAO and AF/OCL should coordinate to avoid reaching out to the same potential clients and causing confusion.
- I imagine achieving the objective KPIs would require people involved with it to attend non-crypto events/conferences to start developing relationships with potential clients. Arbitrum’s participation in non-crypto events is something that @krst has proposed many times before, maybe now this objective will provide a good incentive to start doing so.
P.S.: Since no one has posted a reply in this topic before me, I’m not sure if I’ve done it correctly or even in the right place, so I’d appreciate feedback from @Entropy on whether everything is fine with this submission.
Also, I’m open to update the submission, especially in the KPI section, so everyone’s feedback is welcome!