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The Deri Protocol Team has applied for a 1,000,000 $ARB grant to expand Arbitrum's influence and boost the adoption of their Deri v4 architecture, with plans to reduce trading fees and incentivize trading. However, the community has expressed concerns about the grant size and delivery timeline, and potential risks associated with fund management.
The Deri Protocol Team has applied for a grant of 1,000,000 $ARB to expand the influence of Arbitrum and boost the adoption of their advanced i-chain and d-chain architecture, Deri v41. The team plans to use the majority of the grant to reduce trading fees and incentivize trading on Arbitrum, with a smaller portion allocated to increase yields for liquidity providers1. The team's primary objectives include the adoption of Orbit Chain as the core of Deri v4's cross-chain Dapp (xDapp) model, extending Arbitrum's reach beyond its network, and pioneering innovation in cross-chain decentralized derivatives trading1.
The community has shown mixed reactions to the proposal. CryptoX expressed concerns about the timeline for delivery being too short for the size of the grant and suggested that the grant requested should be reduced due to the current metrics2. In response, DeriProtocol clarified that the event times are preliminary and subject to change, and that rebates will be based only on the actual trading fees that traders incur3.
The grant, if approved, would enable the Deri Protocol Team to promote the adoption of Orbit Chain, expand Arbitrum's influence across other blockchain ecosystems, and incentivize participation1. This could potentially lead to a significant increase in user adoption and trading demand, contributing to the growth and development of the Arbitrum ecosystem1.
Some community members have expressed concerns about the size of the grant and the short timeline for delivery2. There are also potential risks associated with the management of the grant funds, including the need to closely monitor and prevent wash trading and sybil-attack-related activities1.
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 06/12 00:44