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UniDex's proposal for a 75,000 ARB and 10,000 UNIDX grant to boost volume and activity on Arbitrum, improve liquidity, and incentivize traders has received largely positive community feedback. However, concerns have been raised about the high grant amount for a relatively new protocol with less than 400k TVL and $1m daily volume, and the low 30-day volume compared to other perp aggregators.
The community is engaged in a discussion about UniDex's proposal for a grant of 75,000 ARB and 10,000 UNIDX. The grant is intended to promote volume and activity on Arbitrum, improve liquidity, and incentivize traders to use UniDex's intent-based swap meta-aggregator. The proposal also aims to unlock untapped liquidity sources and increase the use of aggregators within the Arbitrum ecosystem [KrunalUniDex, 1]2. The grant distribution plan includes routing 50% of trades to native UniDex liquidity pools, 25% to other Arbitrum perp DEXs, 12.5% for liquidity provider rewards, and 12.5% for positive slippage matching for swaps. The community is also discussing UniDex's application for a grant to build a part of the perp stack, which aligns with the governing values of the grants [CastleCapital, 31].
The community reaction is largely positive, with many users expressing their support for UniDex and their innovative approach, transparency, and potential to add value to the Arbitrum ecosystem. They appreciate the team's commitment to their users, their vision for the platform's growth, and their active engagement with the community [Preach, 4][Scotty, 5][ChiRho, 6][Wazobia, 7]. However, some users have raised concerns about the requested grant amount, arguing that it is too high for a relatively new protocol with less than 400k TVL and $1m daily volume [Meyaf320219, 18][CastleCapital, 26].
The grant proposal by UniDex is seen as a positive move as it aims to promote volume and activity on Arbitrum, improve liquidity, and incentivize traders. The proposal also plans to unlock untapped liquidity sources and elevate the utilization of aggregators, which could foster growth and innovation within the Arbitrum ecosystem. The community's strong support for the proposal further underscores its potential benefits. The unique features of UniDex, such as custom, arb friendly listings and the upcoming collateral swaps, are seen as valuable additions to the Arbitrum ecosystem [LeNiouk, 8][Krypto_Kal-el, 9][Preach, 28][Yielddiaries, 30].
The negative aspect of this discussion is the concern about the requested grant amount. Some users argue that it is too high for a relatively new protocol with less than 400k TVL and $1m daily volume. There are also concerns about the grant allocation, with suggestions that the grant should focus more on the aggregator and that the requested grant size is large relative to UniDex's current TVL and volumes on Arbitrum [Meyaf320219, 18][CastleCapital, 26]. There are also concerns about the low 30-day volume compared to other perp aggregators, suggesting that UniDex may need to improve their product [CastleCapital, 31].
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 06/12 00:44