What is this about?

The discussion revolves around a grant application proposed by MGGYY for the project dForce, a decentralized stablecoin protocol powered by an integrated DeFi matrix. The grant request is for 1,000,000 ARB, which will be used to boost the adoption of dForce and contribute to the diversity and resilience of the Arbitrum ecosystem. The primary objectives of the grant are to increase the adoption of USX, enhance dForce’s collaboration with other DeFi protocols, and onboard more new users from other blockchains to Arbitrum¹.

How is the community reacting?

The community's reaction to the proposal is largely positive. Users like Wallace and Ali6 support the proposal, praising dForce as a top-tier DeFi ecosystem and the team's resilience^2,4. Michigan_Blockchain and ITUblockchain also support the proposal, commending dForce for their promising proposal and their engagement with the community^20,21. However, there were also questions and concerns raised by Gary, ArbUSER, and Abeltherebel about the use of funds and the value of ARB holders^7,9,11,12,13.

Why this is positive?

The grant application is seen as a positive move as it aims to boost the adoption of dForce and contribute to the diversity and resilience of the Arbitrum ecosystem. The grant would be used to increase the adoption of USX, enhance dForce’s collaboration with other DeFi protocols, and onboard more new users from other blockchains. The proposal also includes a clear execution strategy and timeline, which has been appreciated by the community¹.

Why this is negative?

Some community members raised concerns about the use of funds from the last Arbi airdrop, which dForce stored in the Lending protocol. There were also questions about the need for more funds when there are still funds from round 1. These concerns highlight the need for transparency and accountability in the use of grant funds^7,9.