Stake DAO STIP Addendum

DAO Grant Programs STIP Bridge Addendum
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  1. Can you provide a link to your previous STIP proposal (round 1 or backfund)?

  2. Amount requested in arb?

    • 125,000 ARB

  3. Amount received during STIP?

    • 200,000 ARB

  4. What date did you start the incentive program and what date did it end?

    • 2024-03-14 (KYC provider lost documents which lead to a 3 months delay in the distribution of the grant).

    • The incentive program is still in progress due to the delayed delivery of the grant. We will keep deploying the grant at a rate of 25k ARB per week until the start of the STIP-Bridge campaign. The remaining amount (which we expect to be 75k ARB) is deducted from our STIP Bridge request, and will be deployed alongside the STIP Bridge grant, which explains why we are only asking for 125,000 ARB instead of the max 200,000 that we could have asked under the guidelines.

  5. Could you provide the links to the bi-weekly STIP performance reports and Openblocks Dashboard?

  6. Could you provide the KPI(s) that you deem relevant for your protocol, both in absolute terms and percentage change, month over month, for the first of each month starting from October 2023 until April 2024, including the extremes?

  1. [Optional] Any lessons learned from the previous STIP round?

    • We noticed that incentives directed to Stake DAO strategies were leading to short term TVL increase and new TVL mainly coming from somewhere else on Arbitrum. We therefore focused our deployment of the grant on bringing products from Ethereum to Arbitrum, to make sure that people had to bridge and add value to Arbitrum if they want to benefit it, while having no reason to go back to mainnet when the incentives will stop. We believe that this is the best way to convert this short term incentive plan into long term added value for Arbitrum.

    • We also understood it was easier and probably more efficient to deploy the grant in a flat way rather than to ramp it up.

New Plans for STIP Bridge

  1. Do you plan to use the incentives in the same ways* as highlighted in Section 3 of the STIP proposal?

    • No

  2. [Only if answered “no” to the previous question] How will the incentive distribution change in terms of mechanisms and products?

    • The overall idea will stay the same, but we will focus on bringing long term value added to Arbitrum by focusing on bringing mainnet products on Arbitrum, and limiting the basic liquidity mining rewards. We will increase the number of services and options for users, so that Arbitrum becomes a much more complete place for our products than even mainnet. A good example is the financing of various lending markets for our products.

    • We would like to also extend the use of our grant, not only to our Curve, but also to our Pendle products. This will double the surface of our grant usage, so by asking for a similar amount, we are de facto stretching the grant on a broader range of services.

  3. Could you provide the addresses involved in the STIP Bridge initiative (multisig to receive funds, contracts for distribution, and any other relevant contract involved), and highlight if they changed compared to the previous STIP proposal?

    1. Recipient Multisig: 0x3B985f06D624C74F270daeCcDb65DcC6ee582372

    2. asdCRV liquidity gauge: 0x25E822B65a58Ce1A53DbC327d4fA489351FB1Df0

    3. asdCRV/CRV Ajna pool: 0x17c47c760f10060cf3cec8f8793bf38fe1740f9c

    4. FraxBP strategy: 0x9B72d53bb8EF5B42046ea6EDdDF3c95571640685

    5. crvUSD/USDC.e strategy: 0x0dBd661c988F9a28095CA200a683A082505f441E

    6. vasdCRV strategy: 0xd038Af8545662af0625A11d15b18015fcD28B7FB

  4. Could you share any feedback or suggestions on what could be improved in future incentive programs, what were the pain points and what was your general evaluation of the experience?

  • Our main suggestions would be:

  1. Having one point of contact with the Arbitrum team/foundation. We currently have 10 groups, all with different people, and when we were stuck with the KYC process, nobody knew how to deal with the issue or whom we should be redirected to.

  2. Better overseeing of the KYC process since it was really awful and took three months for us, while we never had this issue with other grants or investors who yet required KYC

  • Overall very happy with the rest, and we would like to extend our thanks to the Arbitrum DAO and our wish to keep working together!
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Hello @MevPanda ,

Thank you for your application! Your advisor will be @JoJo.

Please join the LTIPP discord and ping your advisor in the general chat so they can create a new channel and start communicating with you.

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ehy @MevPanda please join the discord!

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Hello Jojo! I have just joined the Discord.

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