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Radiant DAO has proposed a strategic grant from Arbitrum DAO to expand their omnichain money market, aiming to boost liquidity and ecosystem growth, with community feedback being mostly positive despite some concerns about liquidity incentives. The proposal, which is moving towards a Snapshot vote, includes milestones for increased TVL and user growth, and plans for collaboration with other protocols.
Radiant DAO has submitted a proposal for a strategic grant from the Arbitrum DAO to support the growth of their omnichain money market project, Radiant Capital. The grant aims to enhance liquidity, enrich the ecosystem, and integrate future developments. The requested grant size ranges from 37,952 to 2,852,044 ARB, with a detailed breakdown for airdrops, liquidity provisions, and strategic initiatives. The proposal includes milestones tied to TVL and user growth, with a focus on attracting new users and increasing sequencer revenue. Radiant Capital plans to use Dynamic Liquidity Provisioning (dLP) to incentivize liquidity and collaborate with existing protocols. The proposal has been marked as FINAL and is moving towards a Snapshot vote.
The community reaction is largely positive, with many users expressing support for the proposal and its potential to add value to the Arbitrum ecosystem. Users like Wolverine, Hell0men, Matt_StableLab, 0xsaitama, Tritium, Donhortega, Kingofsparkles, Blazar, Whereismymind, Brob, Bakgwei, Perl, Sxlveign, Traderjoe, Penpie, Apoorv9, Mani7, CastleCapital, KMQZ, Acidhoe, Yfarm, RogerRadiant, Mfer, BlockworksResearch, IZUMi_Finance, SEEDGov, Michigan_Blockchain, and ITUblockchain have all provided feedback, with many endorsing the proposal and its objectives. Some concerns were raised about the focus on dLP and RDNT token incentives, the cost of borrowing, and the potential for "parasite liquidity," but Radiant DAO has addressed these concerns and adjusted their proposal accordingly.
Posted 2 months ago
Last reply a month ago
Summary updated 12 days ago
Last updated 06/12 00:44