Arbitrum

Link to Application

https://forum.arbitrum.foundation/t/gravita-protocol-ltipp-application-draft/21444

Council - 3/3 Yes Votes

Feedback

GFX Feedback) This grant plan did well in several areas. While we appreciated they modeled their grant on previous grants, it would have been much more compelling to demonstrate that the prior grant for Dolomite delivered results supporting the goals of this applicant. Nonetheless, the plan scored well enough overall that we recommend approval. Wintermute Feedback) Gravita’s application was solid and scored well across most criteria. They provided clear KPIs, goals, and milestones, with thorough justification of their grant size. Typically, we are not a huge fan of pure LM programs, however, given the nature of the protocol, it makes sense in this situation. Furthermore, it will certainly help the adoption of LRT tokens on Arbitrum, unlocking greater capital efficiency. The protocol has seen solid growth since its inception and the team has proven they are effective in managing incentive programs. Lastly, they provided sufficient justifications and calculations for their request grant size. We believe that this grant request will be a net positive for Arbitrum. Karel Feedback)

"Vote FOR Gravita’s proposal.

Well-written proposal and scored well on rubric. Protocol has seen moderate traction on mainnet and Arbitrum but GRAI currently sees limited liquidity and demand/integration on Arbitrum. Would have liked to see more granular milestones and KPIs biweekly with target APR for each pair (and how this changes from weeks 1-6 -> 6-9 -> 9-12) but believe a worthwhile bet to make from the DAO."