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User543(https://forum.arbitrum.foundation/u/543) has proposed a project for Guru Network's E3 DEX, a Decentralized Exchange inspired by Trader Joe, requesting a grant of 1337oo ARB. The community reaction is mixed, with some supporting the proposal and others expressing concerns about the size of the grant.
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.
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.
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.
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.
Posted 2 months ago
Last reply 2 months ago
Summary updated 24 days ago
Last updated 03/12 08:01