[Good Entry][FINAL][STIP - Round 1]

What is this about?

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.

How is the community reacting?

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.

Why this is positive?

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.

Why this is negative?

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.

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