Stader Labs LTIPP Council Recommended Proposal
Link to Application
https://forum.arbitrum.foundation/t/stader-labs-ltipp-application-draft/21989
Council - 3/3 Yes Votes
Feedback
GFX Feedback) The Stader proposal to bring ETHx en masse to Arbitrum is straightforward, and supports the strategic objective of cementing Arbitrum’s lead in LST share amongst L2s.
GMX Feedback) Stader’s protocol was recently deployed on Arbitrum in March, yet it has already attained product-market fit with 727M staked across all LSTs. Their application aims to diminish switching costs and enhance Arbitrum while expanding DEX scalability and facilitating DeFi integrations across yield optimizers. The execution strategy is meticulously planned and transparent, with outlined strategies to augment the liquidity’s stickiness. We support Stader’s application.
Karel Feedback) "Vote FOR Stader’s proposal.
Strong proposal and very detailed execution plan to put the grant to good use across (i) bridging to reduce switching costs and drive activity from mainnet into Arbitrum; and (ii) incentives to scale partnerships with other Arbitrum protocols. Second-order benefits are strong given composability."
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x0eB5...347576 | 20.389M | For |
 0xF4B0...91D8fA | 18.118M | For |
 0x1B68...88eeaD | 16.204M | For |
 0x11cd...3e3A8F | 15.165M | For |
 0xF92F...1E37B4 | 12.645M | For |
VOTE POWER
Proposal Status
- Tue April 09 2024, 12:00 amVoting Period Starts
- Tue April 16 2024, 12:00 amEnd Voting Period
Current Results
1-For
140.097M
2-Abstain
12.182M
3-Against
34,987.362