This is a great story of two high-quality projects complementing each other.
When Joe encountered bottlenecks in its development on Avalanche, it sought to grow on Arb. The Arb DAO and community gave significant support to Joe, ultimately achieving a win-win situation.
We hope this story can continue and keep moving in a positive direction.
Nice to see a reasonable proposal from a project that is building new products aimed at pushing DeFi forward and who also has been truly dedicated to Arbitrum (gets in the weeds from a marketing & BD side of things).
I support this proposal.
Trader Joe presents a compelling case for fostering liquidity in Arbitrum ecosystem.The roles are well defined, and the use of the grant looks strategically aligned to enhance liquidity and attract new users.
We’re in support of Trader Joe’s proposal.
its a great team they have much potential 
Hello @traderjoe ,
Now that your application has been marked eligible, please be advised of the remaining steps in the application process to be completed prior to the Review Period Deadline:
Please complete the following steps required for your application to proceed to Snapshot:
Once you change your proposal title to final, please tag an Arbitrum Foundation Forum Moderator (@ stonecoldpat @ cliffton.eth @ eli_defi) by the Review Period deadline to notify them of your proposal’s readiness.
Once marked as [Final], your application post will be locked by moderators and you will no longer be able to edit your proposal.
@traderjoe Here is the updated process for changing your title.
To change your proposal to final, please tag an Arbitrum Foundation Forum Moderator (@ stonecoldpat @ cliffton.eth @ eli_defi) by the Review Period deadline to notify them of your proposal’s readiness to proceed from [Draft] to [Final] status.
Once notified, the Arbitrum Foundation Forum Moderator will adjust your title from [Draft] to [Final] status. Once marked as [FInal], your application post will be locked by moderators and you will no longer be able to edit your proposal.
Firstly, thank you for your proposal and for showing such keen interest in the Arbitrum ecosystem.
TraderJoe is requesting a grant of 1.83M ARB (3.7% of program) to primarily grow the liquidity of native Arbitrum protocols and support multi-chain and new builders. This represents a noteworthy percentage of the total 50M ARB available for grants. TraderJoe, originally a significant player in the Avax ecosystem, has already made substantial inroads on Arbitrum with impressive daily volumes and a large number of unique wallets. Their liquidity book and autopool products represent a meaningful advancement in making DeFi strategies more accessible. We see this proposal as balanced, aiming to cater to a variety of user needs while fortifying the Arbitrum ecosystem.
Castle Capital appreciates the efforts put forth by TraderJoe and the suite of innovative products they offer to the Arbitrum community. We believe the proposal is well-balanced and holds promise for bolstering the broader ecosystem. With some adjustments, specifically focusing more on native pools and considering the grant size, we would support TraderJoe’s application for an Arbitrum grant.
We hope that our comments are constructive and contribute positively to your ongoing efforts to enhance the Arbitrum ecosystem.
Many thanks for your contributions to the proposals and your well-structured feedback for Trader Joe.
[quote=“CastleCapital, post:27, topic:17013”] We see this proposal as balanced, aiming to cater to a variety of user needs while fortifying the Arbitrum ecosystem. /quote]
We are pleased that you view this proposal as well-balanced and that it strives to cater to users while fortifying the Arbitrum ecosystem. We would appreciate further clarification on some of your points to assist Trader Joe in considering your comments more closely before finalizing this proposal.
[quote=“CastleCapital, post:27, topic:17013”] 1.83M ARB is significant in comparison to grants requested by Arbitrum-native protocols. /quote]
Trader Joe believes this grant is appropriately positioned, based on the current feedback received. The requested grant is smaller than those from other multi-chain DEXs that have contributed less to Arbitrum in terms of product development, partner collaboration, community involvement, and other metrics like volume and wallet activity. Moreover, 80% of this grant is solely dedicated to liquidity for builders. There’s no prioritization of core trading pairs, unlike some other multi-chain DEXs. Therefore, the grant is optimally positioned for the greatest ecosystem impact, which is this grant’s primary goal.
[quote=“CastleCapital, post:27, topic:17013”] Most incentives directed to autopools are for ARB/ETH. /quote]
Approximately 50% of the Auto-Pool allocation is for ARB/ETH, which is about 5% of the total grant size. Trader Joe is open to adjusting these allocations. Do you have specific recommendations?
[quote=“CastleCapital, post:27, topic:17013”] Our recommendation for change: Diversify by creating more ARB-native pools, possibly with stablecoin pairs, to further enrich the Arbitrum ecosystem. /quote]
Trader Joe prioritizes a builders-first approach with LPs and emphasizes user experience and accessibility. Historically, builders have preferred ETH pairs for their tokens. Introducing additional stablecoin pairings could fragment liquidity across pools, leading to increased routing complexity and worse pricing for users. Given the current grant size and objectives, moving tokens to new prioritized stablecoin pairings might be counterproductive. However, every builder on the proposed incentivization list will be contacted before incentives go live, giving them the option to select their preferred token pair and allocation.
[quote=“CastleCapital, post:27, topic:17013”] With some adjustments, specifically focusing more on native pools and considering the grant size, we would support Trader Joe’s application for an Arbitrum grant. /quote]
As mentioned earlier, 80% of our grant is directed towards builders, with 50% specifically allocated for native builders. If you have particular recommendations for adjustments, we’re open to considering them. In conclusion, we appreciate your constructive feedback and are open to making changes. It would be helpful if you could provide more specific details or clarifications on the points raised, so Trader Joe can review them with full understanding.
Thanks for the reply!
We think in light of the above and your relatively impressive metrics for capital efficiency etc. we are generally supportive of Trader Joe in the proposal itself.
However, due to the budget constraints, our own governing values, and our preferences of sectors we would like to see a slight reduction in request.
Summarising our updated recommendations:
For context, you are the DEX with the 2nd highest recommendation we have internally.
Thank you for your feedback. In light of this, we have decided to make the following adjustments to our grant allocations and sizing
Market Maker Rewards have been adjusted to 1000000 $ARB, down from 1,260,000 $ARB
Autopools have been adjusted to 360,000 $ARB, down from 390,000 $ARB
Allocation for new builders has been adjusted to 150,000 $ARB, down from 180,000 $ARB
Amounting to a total of 1,510,000 $ARB Requested, reduced from 1,830,000 $ARB in the original proposal.
Additionally to remain proportional, the $JOE Grant Matching has been adjusted to 348000 $JOE, down from 433,000 $JOE.
We look forward to hearing your feedback to these changes, and believe they represent fair and reasonable adjustments given Trader Joe’s proven impact in the Arbitrum Ecosystem and the overall objectives of these incentives which is to directly support Arbitrum builders (non-core) liquidity.
Blockworks Research supports this proposal and deems the updated request of 1.51M ARB justified based on, among other things, the anticipated sustainable impact on, and goodwill to, the ecosystem, metrics such as TVL / volume / fees on Arbitrum and overall, a comparative analysis of all submitted STIP proposals, the distribution of incentives across verticals, as well as, to a certain extent, the recommendations made by the Arbitrum Working Group through the four grant categories.
Hello, At this time we are ready to change our proposal’s status to [FINAL] @stonecoldpat @cliffton.eth @eli_defi
Post has been marked FINAL and locked.
TraderJoe: @traderjoe
From @Seedgov led by the @cattin delegation, we want to convey our support to this proposal. The reasons why we agree are as follows:
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.
Liquidity Shape the ranged limit Orders, de-peg Bets, gradual ladder orders and buy sell walls.
Trader Joe has been my goto DEX on AVAX and Arbitrum! The team is definitely one of the most innovative and community-oriented teams within the entire Web3 space. Their priority towards wider ecosystem growth is clearly evident in their proposal and the reasonable size of the grant request. Our newly launched p2p token trading dapp, tradescrow.io, is looking forward to working with them to allow digital assets to be traded p2p trustlessly by everyone who uses TJ and Arbitrum. We fully support TJ’s proposal and are confident that they will provide much more value for everyone in the Arbitrum Ecosystem, along with incentivizing new builders to innovate and increase value for the entire community!
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 Trader Joe’s effort in delivering a promising proposal and working with the community throughout the process.
Trader Joe is a team that stands out primarily on Avalanche and also on Arbitrum, setting different visions for AMM strategies. Therefore, we hope that supporting them will contribute to Arbitrum’s growth.
From a technical standpoint, we believe the proposal is appropriate and that sufficient data has been provided regarding how the incentive will be used. Especially considering Arbitrum’s near future, we find it positive that these incentives will be used for many users, especially LPs
Love this! Very excited for this next wave!
hello @stonecoldpat @cliffton.eth
We would like to confirm a change of our multisig address
Existing multisig: 0x5d4C14142d8771190Ac67b813eB57225AD0d7cD2
Change to the following multisig: 0x0A56ba03cC70582EA512f44B86d19aCDd631f475
This new wallet is compliant with signers and has been specifiically setup for managing the STIP + separated from other operations.