TL;DR:
DefiEdge, a liquidity management protocol, seeks a 200k ARB grant to enhance liquidity efficiency on the Arbitrum network by integrating with multiple DEXs and offering innovative strategies. While the proposal has received broad community support for its potential to improve liquidity and attract a wider audience, concerns have been raised about the project's transparency and lack of awareness among some community members.
What is this about?
DefiEdge, a liquidity management protocol proposed by DangerExploit, aims to enhance liquidity efficiency on the Arbitrum network by integrating with multiple Decentralized Exchanges (DEXs) and offering innovative strategies. The project seeks a grant of 200k ARB to boost liquidity efficiency and increase user adoption on the Arbitrum network. DefiEdge is not native to Arbitrum and is also deployed on Ethereum, Optimism, Polygon, and BNB. It currently manages over $10 million in total value locked (TVL), with a trading volume exceeding $1 billion1.
How is the community reacting?
The community's reaction to the proposal is generally positive. Matt_StableLab confirmed that DefiEdge's application meets all requirements for a snapshot vote2. JoJo and Wavebender expressed support for DefiEdge, highlighting its potential to facilitate complex strategies in liquidity provisioning and its active role in building new tech on top of other Arbitrum projects3,4. Dk3 praised DeFi Edge's engineering team for their knowledge of AMM design and their quickness to add quality-of-life improvements on their platform7. 0xWenMoon and Peter also supported the proposal, stating that more competition in the management space for v3 is beneficial and leads to more efficient liquidity provision9,10. However, Meyaf320219 requested more details on the incentives distribution and performance data before making a judgement5. 0xGDucky did not support the proposal, expressing that they were unaware of the project despite following Arbitrum for the past 2 years8.
Why this is positive?
The proposal is positive as it aims to enhance liquidity efficiency and increase user adoption on the Arbitrum network. The integration with Camelot, Uniswap, Ramses, and more is expected to attract a wider audience to Arbitrum DEXs and drive innovation within the Arbitrum ecosystem. The proposal received support from IZUMi_Finance and ITUblockchain, who praised the proposal for its potential to improve the Arbitrum ecosystem’s liquidity efficiency through strategic collaborations with key decentralized exchanges23,24.
Why this is negative?
The negative aspect of the proposal is the lack of awareness about the project among some community members, as expressed by 0xGDucky8. Additionally, Meyaf320219 requested more details on the incentives distribution and performance data, indicating that the proposal might lack transparency in some areas5.
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 09/12 13:53