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Good Entry Labs, a community-driven Arbitrum trading platform, has applied for a 200K ARB Beacon Grant to boost its visibility and user base. Despite some criticisms about the application process and the project's uniqueness, the proposal has received widespread community support, with potential benefits including increased leverage for traders, more volume, token scalability, and a potential increase in the platform's Total Value Locked (TVL) from $1 million to $10 million.
The community-driven Arbitrum first day trading platform, Good Entry Labs, has applied for a 200K ARB Beacon Grant. The platform offers a unique advantage of users not being liquidated by price and allows the creation of derivatives markets for Alts beyond the major ones like BTC and ETH [[Masterbean]1.](https://forum.arbitrum.foundation/u/masterbean]1.) The grant aims to distribute 200,000 ARB over a three-month period to the Good Entry EzVaults, with a rewards target at ~8% assuming a $10,000,000 TVL1. The project's primary objectives include making Arbitrum the main Degen Hub, building more TVL with a target of 10m, and generating sufficient interest to encourage more first-time users to try Good Entry1. The project also introduced "protected perpetuals" since its deployment in March 202365.
The proposal by Good Entry has received widespread support from the community, with users praising its innovation, potential, and the team's transparency2,3,4,5,6,7,8,9,10,11,13,14,15,16,17,18. However, there were some criticisms, with Meyaf320219 suggesting that the application process was being manipulated by bots22, and 0xGDucky and Peter suggesting that the project is not special27,28. CastleCapital expressed concerns about the direct benefits to the ARB ecosystem and the short track record of the protocol61.
The grant would enable Good Entry Labs to increase visibility and encourage new users to come into the platform in the short term1. Good Entry incentivizes the growth of new markets such as ARB and GMX, demonstrating its potential to do the same for other tokens [[Masterbean]1.](https://forum.arbitrum.foundation/u/masterbean]1.) The benefits include increased leverage for traders, leading to more volume and token scalability1. The grant would significantly benefit the project by increasing its market share and scalability1. The proposal could potentially increase the TVL of Good Entry from $1 million to $10 million, which could boost the APY on its EzVaults. This could attract more interest and increase the stability of the protocol 62,66,67,68.
There are no significant negative aspects highlighted in the discussion. However, the community was warned against spamming the thread, which could disrupt the review process and sacrifice eligibility19. Meyaf320219 suggested that the application process was being manipulated by bots22. There were also disagreements about the uniqueness of the project, with 0xGDucky and Peter suggesting that the project is not special27,28. CastleCapital expressed concerns about the direct benefits to the ARB ecosystem and the short track record of the protocol61.
Posted 2 months ago
Last reply a month ago
Summary updated 24 days ago
Last updated 04/12 15:05