TL;DR:
Llama Consulting Ltd. has submitted a grant application for their project, Curve Finance, a multichain AMM exchange, to incentivize liquidity in Arbitrum Curve pools. While the proposal has received significant community support due to Curve's potential to strengthen DeFi bonds and boost liquidity, concerns have been raised about the grant size and the lack of a concrete plan for CRV tokens distributed during the Arbitrum airdrop.
What is this about?
This discussion revolves around a grant application submitted by WormholeOracle on behalf of Llama Consulting Ltd. for their project, Curve Finance1. Curve is a multichain Automated Market Maker (AMM) exchange that specializes in low slippage stablecoin swaps and concentrated liquidity provision. The grant, amounting to 1.6M ARB, is intended to incentivize liquidity in Arbitrum Curve pools1. The proposal includes a detailed execution strategy, timeline, and key performance indicators for measuring the success of the grant1.
How is the community reacting?
The community's reaction to the proposal is largely positive. Hubirb, Martinkrung, Whereismymind, Tenzent, BlockworksResearch, IZUMi_Finance, SEEDGov, and Michigan_Blockchain all expressed support for the proposal, citing Curve's potential as a massive revenue generator and its importance for institutional onboarding 5,7,8,12,19,20,21,25. Matt_StableLab confirmed that the submission meets all requirements for a snapshot vote6. However, some members like Meyaf320219 and CastleCapital expressed concerns about the grant size and the lack of a concrete plan for CRV tokens distributed during the Arbitrum airdrop 9,18.
Why this is positive?
The proposal is seen as a positive development due to Curve's potential to strengthen DeFi bonds, boost core liquidity on Arbitrum, streamline liquidity costs for ecosystem projects, and sustain incentives with CRV emissions1. The grant is expected to promote crvUSD migration to Arbitrum and strengthen liquidity depth and trade volumes for both stablecoins and blue-chip crypto on Arbitrum1. The proposal also outlines Curve's roadmap, which includes the adoption of crvUSD, new pool implementations, and plans for money markets around crvUSD1.
Why this is negative?
Some community members expressed concerns about the proposal. Meyaf320219 was disappointed with the proposal of 1.6m ARB for a multichain protocol, stating that it does not generate any new value for Arbitrum9. CastleCapital raised concerns about the grant size in relation to current metrics and the lack of a concrete plan for CRV tokens distributed during the Arbitrum airdrop18. They also expressed concerns about the tricrypto pool's vulnerability following the recent Vyper exploit18. Griff expressed concerns about Curve's unused ARB from the airdrop and their inability to pass KYC for about a year to use their OP grant on Optimism22.
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 09/12 13:53