1. Can you provide a link to your previous STIP proposal (round 1 or backfund)?
2. How much, in the previous STIP proposal, did you request in ARB?
200,000 $ARB.
3. What date did you start the incentive program and what date did it end?
Start Date: 29 January 2024
End Date: 29 March 2024
4. Could you provide the links to the bi-weekly STIP performance reports and Openblocks Dashboard?
| Description | Links |
|---|---|
| Openblocks Dashboard | OpenBlock Labs |
| ARB STIP: 5 Jan Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (5 January 2024) |
| ARB STIP: 19 Jan Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (19 January 2024) |
| ARB STIP: 2 Feb Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (2 February 2024) |
| ARB STIP: 16 Feb Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (16 February 2024) |
| ARB STIP: 1 Mar Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (1 March 2024) |
| ARB STIP: 15 Mar Bi-Weekly Update | Thetanuts Finance Bi-Weekly Update (15 March 2024) |
5. Could you provide the KPI(s) that you deem relevant for your protocol, both in absolute terms and percentage change, month over month, for the first of each month starting from October 2023 until April 2024, including the extremes? If you don’t know what KPI might be relevant for you or how to properly define them, please refer to the following document:[Arbitrum DAO] OpenBlock Labs Incentive Onboarding Spec
| Date | Total TVL ($mm) | % Change | Arbitrum TVL ($mm) | % Change |
|---|---|---|---|---|
| 31 Mar 2024 | 30.388 | 58.2% | 7.875 | 6.0% |
| 29 Feb 2024 | 19.214 | 59.8% | 6.789 | 306.5% |
| 31 Jan 2024 | 12.025 | 13.5% | 1.670 | 447.5% |
| 31 Dec 2023 | 10.599 | 8.5% | 0.305 | 1,073% |
| 30 Nov 2023 | 9.773 | 5.7% | 0.026 | -21.2% |
| 31 Oct 2023 | 9.242 | n.a. | 0.033 | n.a. |
6. [Optional] Any lessons learned from the previous STIP round?
- Although the STIP incentives have ended, TVL has remained relatively sticky, (~$6.2mm at the time of posting) indicating that a significant portion of users have learnt to embrace options as a trading product on our platform.
- Being a successful STIP applicant has other benefits, especially from a co-marketing/integration perspective where many other third parties were more willing to work with us.
New Plans for STIP Bridge
7. How much are you requesting for this STIP Bridge proposal?
200,000 $ARB.
8. Do you plan to use the incentives in the same ways as highlighted in Section 3 of the STIP proposal? [Y/N]
No.
9. [Only if answered “no” to the previous question] How will the incentive distribution change in terms of mechanisms and products?
Dissemination of $ARB incentives will change, as we recently launched Pendle PT LRT Vaults on Ethereum and Arbitrum. As recap – Thetanuts Finance has only incentivized users that provided TVL and Trading Volume on our Basic Vaults, Lending Market, and AMM thus far.
As such, we intend to use our $ARB incentives to help market our new Pendle PT LRT Vaults on Arbitrum – on top of incentives to our Basic Vaults, Lending Market, and AMM. We believe that LRTs are solidifying itself as a core DeFi primitive and would help bring vibrancy and innovation to the Arbitrum ecosystem.
We think the following metrics will be a reliable indicator to measure the success of the outcome:
- TVL
- Lifetime User Interactions
- Unique Users
- 3-month MAU
We hope to double our growth rates across all metrics by the end of the program.
10. 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?
Multi-sig: 0xc3A48B40b3762924D6fa3af1D957cE78E522497E
Rewards Contracts:
- Multi-week Claim: 0x6fBfC3ebd5eb478cfD10ff5d86A6E39f5A93Ec12
- Week 1: 0x9FB3985b1FAD450C2F4742dd29DBA5380ac7dDe1
- Week 2: 0x8075d95BF16215e356E97eE74A592c675dCc8D65
- Week 3: 0xE090EAb955aF22f73F9Dc8c977deb520c41f7527
- Week 4: 0xD3E53a3d747f9BafDe03f13E9819b2Bb32e56fC7
- Week 5: 0x6b8feA0BA68955AcFEeA7d31f372Df5D57F6559D
- Week 6: 0xBD96cd512F4d6639A849F4EF504894eb236e5fb7
- Week 7: 0xb1A6c1d09C7DCFD386e4C7355ADC3de6605aB8C7
- Week 8: 0xAA70A45c7C5E302c39c6d21D090DF55f3DAa4664
11. 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?
- Difficult to navigate the Governance process on Arbitrum.
- Felt that voters in Arbitrum STIP that voted “Abstain” played a bigger role in the process than they should.
