Firstly, thank you for your proposal and your evident enthusiasm for contributing to the Arbitrum ecosystem.
Introduction and Rationale
The proposal aims to secure a grant to extend Thales’ unique offerings on Arbitrum, with a specific request for 500k $ARB and a 200k $THALES match from Thales themselves. Thales has already shown its commitment to Arbitrum by bringing innovation to the AMM sector, particularly in sports-related offerings. Their migration from Optimism to Arbitrum has generated significant volume, indicating their effectiveness. We’re particularly excited about their two-sided AMM design that allows users to both take positions and serve as liquidity providers. In our eyes, this proposal has strong potential to be effective, enriching the Arbitrum ecosystem.
Major Concerns
Clarity on Specific Product Incentives
- The proposal lists general purposes for the grant
- Lacks details on which specific products will benefit
- Our recommendation for change: Offer a more detailed roadmap or criteria for how the grant would be allocated among your different products.
Minor Concerns
- The relatively recent migration to Arbitrum
- The absence of long-term performance data specifically on the Arbitrum platform
- Our recommendation for change: Providing some performance metrics or targets related to your Arbitrum-specific activity would bolster the proposal.
Summary
Castle Capital appreciates the innovative approach Thales brings to the Arbitrum ecosystem, especially in the AMM sector. We’re broad supporters of their work and their dedication to the platform. However, the proposal could be strengthened by offering more details on how the grant will be utilized among specific products.
We hope our feedback proves constructive and look forward to Thales’ continued contributions to the Arbitrum ecosystem. Thank you for your commitment and efforts.