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DeBridge has applied for STIP — Round 2 funding, proposing a campaign to incentivize cross-chain transfers of liquidity to/from Arbitrum through their projects, deBridge and DLN. While there are concerns about the technical aspects of DLN, DeBridge has addressed these by explaining their 0-TVL approach, which allows for guaranteed rates, near-instant settlement, and high scalability.
The discussion revolves around DeBridge's application for the STIP — Round 2 funding. The team is proposing a campaign to incentivize cross-chain transfers of liquidity to/from Arbitrum, a platform where ARB tokens are distributed efficiently based on settled volume1. The project they are building, deBridge and DLN, is a secure cross-chain messaging infrastructure for high performance interoperability and a high performance cross-chain trading infrastructure respectively1. They have requested a grant size of 725,000 ARB, which will be allocated towards incentives to users (makers) and PMMs (takers)1.
The community is engaging with DeBridge's proposal, with Db_DefiEdge asking for more details on the technical aspects of DLN and how it achieves fast settlement times and zero slippage2. DeBridge responded by explaining that DLN uses a 0-TVL approach with an orderbook of intents fulfilled by market makers in their liquidity network, which allows for guaranteed rates, near-instant settlement, razor-thin spreads on any order size, and high scalability3.
The proposal by DeBridge is seen as a positive move as it aims to incentivize cross-chain transfers of liquidity to/from Arbitrum, which could potentially lead to an increase in trading volume. The team's commitment to tracking Key Performance Indicators (KPIs) such as cumulative volume via Arbitrum, the number of users that placed cross-chain orders, and the total number of orders that have been placed, is also seen as a positive step towards transparency and accountability1. The team's ability to provide data and reporting on grant distribution, including creating Dune Dashboards for their incentive program and providing bi-weekly updates on the Arbitrum Forum thread, further adds to the positive outlook1.
While the proposal has been generally well-received, there are potential concerns about the technical aspects of DLN and how it achieves fast settlement times and zero slippage. However, DeBridge has addressed these concerns by explaining the 0-TVL approach used by DLN and how it allows for guaranteed rates, near-instant settlement, razor-thin spreads on any order size, and high scalability3.
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 08/12 04:40