[iZUMi Finance] [FINAL] [STIP - Round 1]

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forum.arbitrum.foundation

TL;DR:

iZUMi Finance has applied for a 200,000 $ARB grant from the Arbitrum ecosystem to support liquidity provision, incentivize providers, and reward traders, with plans to integrate their iZiSwap platform into the ecosystem. While the proposal has received mixed reactions from the community due to past concerns about iZUMi's track record, it is seen as a positive move to enhance liquidity and expand decentralized financial services on the network.

What is this about?

iZUMi Finance, represented by IZUMi_Finance, has applied for a grant of 200,000 $ARB from the Arbitrum ecosystem. The grant is intended to support three major aspects of the Arbitrum project: liquidity provision and emission to top-tier projects, incentives for liquidity providers, and $ARB rewards for traders. The iZUMi team plans to integrate their iZiSwap platform into the Arbitrum ecosystem, aiming to expand the available decentralized financial services on the network. Their unique DL-AMM model and on-chain order book function are expected to serve as a robust liquidity and trading platform within Arbitrum. The grant will be used to enhance liquidity, attract TVL on Arbitrum, incentivize liquidity providers, and stimulate trading activity on Arbitrum1.

How is the community reacting?

The community's reaction to the proposal has been mixed. Some members, such as Apoorv9 and L2Builder, have expressed support for iZUMi_Finance's proposal, praising the team's sincerity and clear outline of their grant allocation11,12. Others, like Medusa, PrimeTyler, and Michigan_Blockchain, have praised the project and team, expressing hope for the proposal's success16,18,19.

However, some concerns have been raised. Flindy cited instances of misappropriation of mining rewards and token dumping, suggesting that the Arbitrum DAO consider this when deciding on a grant3. ITUblockchain expressed similar concerns and decided to abstain from voting on the proposal20.

Why this is positive?

The proposal by iZUMi Finance is positive for the Arbitrum ecosystem as it aims to enhance liquidity, attract TVL, incentivize liquidity providers, and stimulate trading activity. The integration of iZiSwap into the Arbitrum ecosystem could expand the available decentralized financial services on the network. The team's unique DL-AMM model and on-chain order book function could serve as a robust liquidity and trading platform within Arbitrum. The team's commitment to transparency and accountability, as well as their risk management strategies, are also positive aspects of the proposal1.

Why this is negative?

The negative aspects of the proposal revolve around concerns raised by some community members. Flindy and ITUblockchain have raised concerns about iZUMi's track record of collaboration, citing instances of misappropriation of mining rewards and token dumping. These concerns could potentially impact the community's trust in the project and its team3,20.

Posted 2 months ago

Last reply 2 months ago

Summary updated a month ago

Last updated 06/12 00:44