Arbitrum

Link to Application

https://forum.arbitrum.foundation/t/cian-ltipp-application-draft/21410

Council - 3/3 Yes Votes

Feedback

GFX Feedback This grant plan is straightforward in execution, deliverables, and justification. It helps that Cian also has a history of growth. We recommend approving this grant.

Wintermute Feedback Cian’s application was very strong and scored well across multiple areas. They provided clear milestones, KPIs, and goals. Furthermore, they provided sufficient calculations and justifications for their grant size and milestones given the level of activity of the protocol. The protocol has demonstrated clear demand from users with very strong TVL and userbase across multiple networks. The execution strategy is simple and will have second-order effects due to its composability, however, we would’ve liked to see some more innovation on encouraging users to migrate to Arbitrum. We will be supporting this application.

Karel Feedback Vote FOR Cian’s proposal.

Good proposal and decent growth since launching. Driving further LST adoption on Arbitrum is necessary and will help solidify Arbitrum’s competitive position in the market. Straightforward request and good grant size to support well-justified KPI/metric targets. Cian’s Grand Adventure initiative is novel and supports longer-term stickiness that may potentially outlive LTIPP. Only part I don’t necessarily like is this: “part of the incentives may be allocated to new strategies built on Arbitrum; TBD.” as it is an unknown and unclear.