Arbitrum

Link to Application

https://forum.arbitrum.foundation/t/stfx-ltipp-application-draft/21790

Council - 3/3 Yes Votes

Feedback

Wintermute Feedback) SFTX’s application was well-written, clear, and concise. They presented clear KPIs, milestones, and goals, and have a decent understanding of how their product benefits the Arbitrum ecosystem. Their product has only recently begun to see substantial growth but is still slightly underwhelming given their age. Nonetheless, the protocol has a decent amount of activity and brings some novel infrastructure to the Arbitrum ecosystem. Their justification of the grant size is okay but rather ambitious. Given the level of activity on their protocol, the allocated amount of weekly ARB seems high. They’ve incorporated some nice requirements on both the user and manager side to ensure rewards are going to more genuine users. However, we would’ve liked to see some of their rewards allocated towards a PnL trading league for managers to actively push activity on the platform.

Given their alignment with Arbitrum, composability, recent growth, and novel product, we will be supporting this proposal.

404 Feedback) STFX scored well across most of the rubric, mainly losing points for a large grant ask for their current usage which may lead to poor distribution. However, they have shown growth as the market has picked up and their execution strategy/milestone orientation is thorough and well-designed. We believe this market timing is opportune and this decision should be pushed to the DAO. We will be supporting this proposal.

Karel Feedback) Vote FOR STFX’s proposal.

Strong proposal that scored well on rubric (protocol details, KPIs, milestones, etc). Despite launching in 2022, they have seen moderate growth with it beginning to balloon in recent times. While the grant size is high in contrast to usage and they have ambitious milestones/KPIs to hit, there are a number of product unlocks around the corner (Privy, PWA) that will help seed this on top of a potential LTIPP grant, believe it is a worthwhile use of capital from the DAO. Would have liked to see manager incentivization strategy as well on top of end users/investors and believe the assumed 50%/80% retention rate is too liberal and should be decreased. Over to the DAO.