Arbitrum

Link to Application

https://forum.arbitrum.foundation/t/brahma-ltipp-application-draft/21639

Council - 3/4 Yes Votes

Feedback

Wintermute Feedback Brahma’s application was very strong and scored well across a lot of criteria. They provided very thorough justifications and explanations of their goals, KPIs, milestones, and how they will benefit the Arbitrum ecosystem. Their product adds increased utility and features to Safe, making access to DeFi a lot easier for sticker users like DAOs and multisigs. They provided a great execution strategy that incentivises usage of other Arbitrum DeFi protocols, encourages stickiness, and aims to migrate users to Arbitrum. Their requested grant size was sufficiently justified. While the project doesn’t have a crazy amount of adoption, these are the types of infrastructure projects the DAO should be supporting.

GFX Feedback The applicant’s project is showing signs of traction, and the request amount was justified with target APY, which was helpful, but the target seemed somewhat arbitrary. The request is large relative to the protocol size, however. The applicant is advised to revise and resubmit in later grants cycles with a plan that identifies drivers of current growth and specifically replicates or scales that growth.

Karel Feedback Vote FOR Brahma’s proposal.

Innovative project and well-written proposal across the rubric. Liked the allocation factors and believe there’s sufficient diversity to ensure grant goes to the right users within the project. Would like to see further detail on composability and partnerships with other Arbitrum protocols (re: automation/batched routines) and justification behind the grant size and the execution plan to 5x Arbitrum TVL by end of LTIPP but given current organic traction in past few months and exposure Brahma has with other ecos (Blast), believe this is achievable.

GMX Feedback

We would approve this proposal because it presents a comprehensive plan to drive growth and innovation within the Arbitrum ecosystem through the Brahma Console platform. The team’s extensive experience and track record, coupled with their clear roadmap and well-defined objectives, inspire confidence in their ability to execute effectively. Their approach to incentivizing user engagement, increasing TVL, and achieving composability aligns well with the goals of the grant program. Additionally, the proposed milestones are ambitious yet feasible, supported by the team’s past achievements and the organic growth of their platform on Arbitrum thus far. Overall, this proposal demonstrates a strong potential to contribute significantly to the development and expansion of the Arbitrum ecosystem.