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Gravita Protocol has submitted a late grant application for 250k ARB to boost GRAI liquidity and attract ETH and LSTs to Arbitrum, leading to mixed community reactions. Despite the potential benefits, including a 43% growth in Gravita Arbitrum's TVL, the late submission has caused disappointment and the application will be reviewed in round 2.
This discussion revolves around a grant application submitted by Rhettshipp for the Gravita Protocol1. Gravita is an Ethereum-centric lending protocol that uses ETH and LSTs as collateral to mint GRAI1. The grant request is for 250k ARB, intended to incentivize liquidity between GRAI and stablecoins, as well as ETH and LSTs1. The primary objectives of the grant are to increase GRAI liquidity on Arbitrum and attract ETH and LSTs to Arbitrum by increasing Gravita borrowing1.
The community has shown mixed reactions. While some members, like Whereismymind, have shown support and called for leniency regarding the late submission of the grant application4, others, like Matt_StableLab, have insisted on adhering to the rules and deadlines3,5.
The grant application by Gravita Protocol could have a positive impact on the Arbitrum ecosystem. By increasing GRAI liquidity, Gravita aims to onboard more borrowers to Arbitrum, leading to an increase in migration of ETH and LSTs onto Arbitrum and growth in the CDP sector1. The protocol has already shown positive performance, with Gravita Arbitrum's TVL growing by 43% over the last month1.
The negative aspect of this discussion is the late submission of the grant application by Gravita Protocol. Despite the potential benefits of the project, the application was submitted after the deadline and will be moved to round 2 for review3. This has led to some disappointment in the community, as expressed by Whereismymind4. However, Rhettshipp has accepted this decision7.
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 04/12 15:05