What is this about?

The discussion revolves around a project named LogX, a Perp DEX Aggregator with Cross-chain Routing, introduced by Anshu_LogX¹. The project aims to address the lag in DeFi trading compared to CeFi, caused by liquidity fragmentation, market fragmentation, collateral fragmentation, and poor user experience¹. LogX's mission is to enhance DeFi trading by aggregating the best features of all platforms, with Arbitrum as the top choice due to its trading-friendly tech and deep liquidity¹. The team behind LogX is requesting a grant of 750,000 ARB tokens, which will be used for trader incentives (80%) and SDK integration inside wallets (20%)¹.

How is the community reacting?

The community has shown a mixed reaction to the proposal. Matt_StableLab requested Anshu_LogX to add their funding multisig for their submission to meet all requirements for a snapshot vote⁵. Stew questioned whether LogX meets the requirement of being live on Arbitrum for at least 4 months to qualify for the 750k grants⁷. Anshu_LogX responded that while they are borderline, they applied for the 750k bucket due to increasing volumes and projections that 200k would not be sufficient⁹. ITUblockchain expressed support for the LogX project, highlighting its innovations in the DeFi space, focus on Arbitrum's liquidity advantages, and user-friendly interface¹⁶.

Why this is positive?

The LogX project is seen as a positive development as it aims to address the lag in DeFi trading compared to CeFi, caused by liquidity fragmentation, market fragmentation, collateral fragmentation, and poor user experience¹. The project is expected to provide a triple-win ROI, with traders on LogX receiving LOGX ARB incentives, ARB incentives of other perp DEXes, and $LOGX airdrop incentives¹. The team behind LogX has been involved in the crypto space since 2017 and has built and scaled products before, including "Flint Money"¹.

Why this is negative?

The main concern raised by the community is whether LogX meets the requirement of being live on Arbitrum for at least 4 months to qualify for the 750k grants⁷. Anshu_LogX responded that while they are borderline, they applied for the 750k bucket due to increasing volumes and projections that 200k would not be sufficient⁹. This has led to some uncertainty and debate within the community.