What is this about?

The discussion revolves around a project named 'Relay Chain: James Bot' introduced by Christian¹. The bot, built in Rust, is a native telegram bot to Arbitrum with custom indexes and Vela integration for perpetual traders¹. The project team has requested a grant of 400,000 ARB, with a plan to match grant funds through a 1% fee on all James Bot transactions¹. The grant will be distributed with 75% going towards Telegram Bot Incentives and 25% towards Discord Bot Incentives¹. The primary objective of the project is to position Arbitrum as the premier bot trading platform¹.

How is the community reacting?

The community reaction to the proposal is mixed. Matt_StableLab pointed out that the grant funds can only be used to incentivize Arbitrum contracts and not for integrations or deploying a platform on Discord². Flindy criticized the proposal for not clearly articulating why the grant will foster growth or innovation within Arbitrum⁴. Whereismymind defended the grant proposal for Relay, citing their proven track record in bringing value to ecosystems⁶. ITUblockchain expressed concerns about granting a high amount of tokens to a project that has not gone live yet¹⁵.

Why this is positive?

The proposal is seen as a positive move as it aims to position Arbitrum as the premier bot trading platform¹. The team behind the project has a proven track record, with Relay Chain facilitating bridging for over 2 years, with more than $1 billion in trading volume, serving 25 chains, 15 bridges, and 31 exchanges, and reaching a peak TVL of over $100 million¹. The project also plans to match grant funds through a 1% fee on all James Bot transactions, which could potentially increase the value of ARB tokens¹.

Why this is negative?

The negative aspects of the proposal include concerns about the high amount of tokens being granted to a project that has not yet gone live¹⁵. There are also concerns about the grant funds being used for integrations or deploying a platform on Discord, which is not allowed². The proposal has also been criticized for not clearly articulating why the grant will foster growth or innovation within Arbitrum⁴.