[Guru Network] [FINAL] [STIP - Round 1]

What is this about?

This discussion revolves around a proposal submitted by user⁵⁴³(https://forum.arbitrum.foundation/u/543) for a project named Guru Network's E3 DEX¹. The Guru Network is a crypto-native services organization that provides solutions for other DAOs and developers, builds its own suite of public goods and commercial products, and reinvests its revenues to enhance its own output¹. The proposal primarily discusses E3, a Decentralized Exchange inspired by Trader Joe, which is a Concentrated Liquidity engine and has been ranked as one of the most Capital Efficient protocols in DeFi by DefiLlama on over 25 days¹. The team is requesting a grant of 1337oo ARB to help them reach their goals¹.

How is the community reacting?

The community has shown a mixed reaction to the proposal. Users like Smith, Gattordo1, Dog, and Mobbie have expressed their support for the proposal and the Guru Network, praising the work of user 543 and his contribution to the space²^,⁴^,⁵^,⁶. However, ITUblockchain expressed reservations about the size of the grant and voted against the proposal¹⁹. User Showny, although not fully understanding the intricacies of Guru Network, has been following along and likes what they have going on⁹.

Why this is positive?

The proposal is positive as it aims to maximize the Asset Exchange in select key pairs, mainly ETH/USD & Native-Token/USD variants¹. The grant will enable E3 to provision more liquidity, which they believe will propel their numbers to a common denominator with their peers¹. The team envisions a future where DAOs and power users who are fanatics of Extreme Capital Efficiency will build on top of E3¹. The Guru Network team is prepared to create Dune Dashboards for their incentive program and agreed to provide bi-weekly program updates on the Arbitrum Forum thread¹.

Why this is negative?

The negative aspect of the proposal is the size of the grant. User ITUblockchain expressed reservations about the size of the grant and voted against the proposal¹⁹. Despite this, the proposal has moved into the Snapshot Voting phase¹⁵.

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