[Vaultka] [FINAL] [STIP - Round 1]

Hello @Vaultka thank you for your application! Your submission meets all requirements to be considered for a snapshot vote.

Hi ArbUser, thank you for your comment!
We sincerely appreciate your concerns, and it’s crucial to acknowledge that we are relatively new to the Arbitrum ecosystem. We launched our first product in February and have been building for roughly a year. As a relatively new arrival, there’s certainly much to be learned.
It’s important to note that Vaultka isn’t a Perp DEX but an LP strategy optimizer aspired to strengthen the Perp DEX ecosystem. Notably, 120000 ARB from the grant will be distributed to Perp DEX users, rather than just Vaultka users. This underlines our firm commitment to develop a broader ecosystem. To know more about our protocol, you are always welcome to join our website, discord and dashboard

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Hi Matt, thanks for your update!

Vaultka is clearly not a perp dex, you’re making a mistake.

To the thread starters: thanks for putting forth this elaborate proposal. It’s quite thorough. I like what I’m reading.

Some innovative suggestions stood out to me, like the market-first LP Index Tokens. An interesting concept for sure. You seem to have a good vision for how to drive engagement with Arbitrum’s various perp platforms to the next level.

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The amount is too much for a protocol of this size, considering that all of the perp DEXs Vaultka works on are also requesting huge amounts of ARB.

The amount should be reduced and there should be much more clarity on “Promoting Perp DEX ecosystem Growth”. Again, this feels like a double dipping when these protocols are already requesting massive amounts of ARB.

Interesting proposal from Vaultka, especially about incentivizing LPs on at least 5 different perp DEXs on Arbitrum. Aside from perp DEXs, the protocols that build on them help to stimulate user engagement. We see Vaultka’s commitment to promote a more vibrant ecosystem.

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Hi meyaf320219, thanks for your comment!

We understand your concerns about a potential “double dipping” of ARB rewards for LP users, and in fact we share a similar mindset that double dipping should be avoided. Therefore, our grant allocation is directed towards lenders, not LP leverage users. Borrowers (i.e. LP users) won’t receive double ARB rewards from both the underlying Perp DEX and Vaultka because our focus is on lenders who do not receive ARB incentives from other protocols. This aligns with our aim of bringing lending resources from traditional finance platforms to the Perp DEX market and maximizing profitability for lenders.

Regarding our “Promoting Perp DEX Ecosystem Growth” proposal, it’s an innovative initiative aimed at diversifying and expanding the ecosystem by encouraging users to explore different Perp DEX LPs. While it’s experimental, any unclaimed funds will be returned to the Arbitrum DAO. We firmly believe that embracing new and innovative solutions is essential for the continued leadership of the Arbitrum ecosystem.

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Could you explain how you intend to implement it and which Perp DEX you intend to incentivise?

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Hi axlvaz_SEEDLATAM.eth, thanks for your question!

For part 1 of our grant, we are experimenting with a novel strategy, setting us apart from the conventional incentive methods employed by other Perp DEXs. To truly break through and reach Arbitrum’s full potential, innovative incentive solutions are a necessity. We firmly believe that these inventive solutions are essential to overcome the current challenges within the Arbitrum ecosystem.

In terms of implementation, we will be snapshotting the wallet addresses that have deposited in the LP of the Top 10 Perp DEX on Arbitrum. These protocols will be determined based on the Defi Llama Derivatives Category, which is illustrated in the image below (Please note that the list is subject to change and will be confirmed once the proposal is passed). Specifically, at the end date of this campaign, we will retrieve lists of wallet addresses from the deposit events within each Perp DEX LP smart contract to compile a record of interacting addresses. Subsequently, we will refine each of these lists and consolidate a comprehensive list comprising addresses that have participated in more than 5 Perp DEX LPs. Eligible users can claim their ARB share in Vaultka’s page, while unclaimed ARB will be returned to the Arbitrum DAO.

Hi AppolloX, thank you for your support! We’re eager to collaborate and build on top of ALP too! Together, we can strengthen and energize the Perp DEX ecosystem.

Hello @Vaultka ,

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.

@Vaultka 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.

Uploading a one page summary for the community!

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Hi @Matt_StableLab, thanks for the update. @stonecoldpat @cliffton.eth @eli_defi we are ready to proceed to [Final] status. Please kindly change the title. Thanks!

Post has been marked FINAL and locked.

Thanks! @cliffton.eth

Just a reminder to everyone, our pitching session will happen tomorrow, Friday 6th of October, UTC 14:05. Come and join us to know more about our proposal!

can you share more info about " 1. 20% Promoting Perp DEX Ecosystem Growth (120,000 ARB)"

this part feels vague

thanks

Hi meyaf320219, thanks for commenting again.

For the 20% Promoting Perp DEX Ecosystem Growth (120,000 ARB), our objective is to encourage users in trying out different Perp DEX on Arbitrum so as to strengthen the diversity of the Perp DEX ecosystem. To achieve this, we will be approaching with an experimental and innovative solution, where users will be rewarded from depositing in more than 5 Perp DEX on Arbitrum with an equal share of ARB token. This amplifies the visibility of smaller-scale Perp DEX, who are offering innovative solutions to the ecosystem, thus fostering a healthy competition among protocols.

In terms of implementation, you may refer to the comment previously. We basically will be snapshotting the addresses from the selected Perp DEX LP contract address, and filter out eligible users/

All unclaimed ARB tokens will be refunded to the Arbitrum DAO given the experimental nature of the solution we suggest, so that minimal risk would be borne by the Arbitrum DAO.

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A bit of a product update for Vaultka. We have launched our HLP (HMX LP) Leverage Vault! Feel free to visit our website to see our new products!