[Reposting bc the formatting on the prev attempt was wonky for some reason].
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This is a strong proposal.
Several thoughts here.
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Regarding meeting parameters:
I feel the proposal does fall within the parameters of the desired and recommended ranges for the Siren grant. To address some of the issues raised thus far…
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The protocol is relatively new but has already generated considerable volume. They did reach the desired 30-day threshold, just not over the last 30 days, as volumes/activity have been falling off across Arbitrum, considerably.
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The WLP TVL value fluctuates along with the price of its underlying constituents (BTC and ETH, most notably) and has bandied between 3-5m TVL this year since launching.
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They are currently deriving that volume via only one of their three existing/planned products.
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The 2nd product, Degenbets, goes live within two (2) weeks and long before the receipt of any potential grant funds.
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This 2nd product alone will likely further bolster volumes close to (or exceeding) any desired threshold.
The Siren category is by far the appropriate choice over any of the other options. Given the disparity between requirements for Beacon (or Lighthouse), it would be illogical to apply for either of those other categories.
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Regarding use of rewards:
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The scale of rewards will directly incentivize both TVL bootstrapping and more TX activity/volume generation through betting contests they’ve announced.
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With volumes declining on Arbitrum, incentives are needed to accomplish both aims.
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WINR is already providing in-house incentives.
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WINR has thus far been successful generating increased volume through this contest structure, but an injection of ARB grant funds should greatly augment and accelerate these returns. Value add.
We will be seeing a lot of “new” plans from proposals in the days and weeks ahead, but I am more confident that funding existing working models that know how to apply incentives will be more successful meeting KPIs and achieving growth.
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Regarding the general merits:
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WINR possesses a well-organized team, having launched via one of our own native DEXs, Camelot, where they house their liquidity exclusively.
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They are fully audited, having used credible parties, and fully disclose, for both transparency and fairness, audited codework. All platform metrics are verifiable on-chain.
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By building WINR chain using Arbitrum ORBIT, and by currently using Arbitrum ORBIT-enabled tech to offer Account Abstraction to users (a service that is already live), they are in fact already showcasing Arbitrum technology — offering gas-less transactions and enticing new users to migrate from other chains.
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They are adding and incentivizing on-ramp deposits that would directly inject new capital into our ecosystem.
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The gambling/gaming niche is ideally positioned, given its high target value audience, to draw users and activity to Arbitrum.
Not sure what more we could want in terms of deliverable outcomes.
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FD: While I am an investor in WINR, I am also a major investor in many of Arbitrum’s protocols. In fact, I am a self-disclosed Arbitrum Maxi, and I solely invest in projects building on Arbitrum. My hope is that every eligible protocol submits a grant proposal, but I find WINR positioned to achieve what I feel are the most desired outcomes — increased activity & the recruiting of new users and builders to our ecosystem.
I feel this proposal warrants serious consideration, and I support it.