What is this about?

This discussion revolves around a grant proposal submitted by Ariana for the project named Clipper, a Decentralized Exchange (DEX) designed for blue-chip token swaps. The unique architecture of Clipper incorporates off-chain prices into a complex formula and validates them on-chain, eliminating the need for arbitrageurs and ensuring lower gas fees for traders. The platform is governed by AdmiralDAO, with administrative services provided by Shipyard Software, the original developer of the platform. The grant requested is 750k ARB (Siren grant), which will be matched with the same number of SAIL tokens, AdmiralDAO’s governance token. The grant will be used to create an ARB farming pool on Clipper’s Arbitrum deployment and to provide grants to projects that integrate Clipper on Arbitrum.

How is the community reacting?

The community has shown mixed reactions to the proposal. Clipper has proposed a plan for the Siren grant, stating that they meet the Total Value Locked (TVL) recommendation for the grant and have been live on Arbitrum since October 18th, 2022. They plan to use the majority of the grant for incentives in the ARB farming pool and a smaller portion will be given as grants to projects that integrate Clipper on Arbitrum. However, Acidhoe raised a concern about the use of the grant, suggesting that the funds should be distributed into the ecosystem rather than building liquidity. CryptoX questioned the high amount asked in relation to Clipper's current success on Arbitrum.

Why this is positive?

The grant will enable Clipper to launch an ARB farming program, which will help drive more liquidity providers and organic users to Arbitrum. Offering ARB grants as incentives for integration and partnership will help bring more projects to Arbitrum, helping grow the ecosystem. Clipper already has over 200k total organic traders and 11k LPs (across all chains). They are prepared to create Dune Dashboards for their incentive program and provide bi-weekly program updates on the Arbitrum Forum thread.

Why this is negative?

Some community members have raised concerns about the use of the grant. Acidhoe suggested that the funds should be distributed into the ecosystem rather than building liquidity. CryptoX questioned the high amount asked in relation to Clipper's current success on Arbitrum. These concerns indicate that there may be some disagreement within the community about the best use of the grant funds.