[Rubic] [DRAFT] [STIP - Round 2]

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Rubic, a platform aggregating over 70 blockchains and 15,500 assets, has requested a 100,000 ARB grant to attract new users to the Arbitrum blockchain through marketing campaigns and a "SwapToEarn" loyalty program. The proposal is seen as positive for potentially increasing transaction numbers and volume, but its success hinges on community acceptance and adherence to requirements like creating Dune Dashboards and providing bi-weekly updates.

What is this about?

The discussion revolves around a project named Rubic, introduced by Ilia_S. Rubic is a platform that aggregates over 70 blockchains and testnets, enabling the swapping of more than 15,500 assets with optimal rates, liquidity, and transaction speeds. This is achieved through the integration of over 90 DEXs and bridges. Rubic also enhances interoperability through network bridging and cross-chain dev tools for omnichain dApps1. The team behind Rubic is experienced and includes Vladimir Tikhomirov, the founder, and other members with expertise in various fields1.

Rubic has requested a grant of 100000 ARB to bring new users to the Arbitrum blockchain. The tokens will be used for user acquisition via marketing campaigns and collaboration with ecosystem partners1. The goal is to incentivize users to swap to Arbitrum and on Arbitrum via gas compensation and a unique Rubic’s loyalty program named “SwapToEarn”1.

How is the community reacting?

The community reaction is not explicitly mentioned in the summaries. However, Ilia_S has outlined the Key Performance Indicators (KPIs) for the Arbitrum ecosystem, including the number of unique wallets, new wallets bridging funds into Arbitrum, user transaction behavior, and collaborations with other protocols1. They explained that additional funding would boost transaction numbers and volume, enhancing these KPIs1.

Why this is positive?

The proposal by Rubic is positive as it aims to bring new users to the Arbitrum blockchain, which could potentially increase the transaction numbers and volume. The grant size was justified with a calculation involving the number of transactions, average gas fee per transaction, and a SwapToEarn incentive1. The execution strategy involves Rubic's unique loyalty program, Swap-to-Earn, which incentivizes users with gas fee compensation and a $2 incentive in ARB for swapping to Arbitrum1.

Why this is negative?

The negative aspects are not explicitly mentioned in the summaries. However, it's worth noting that the success of the project depends on the acceptance and participation of the community. The team has acknowledged that failure to comply with the requirements of creating Dune Dashboards for their incentive program and providing bi-weekly updates on the Arbitrum Forum thread could result in the halting of the program's funding stream1.

Posted 2 months ago

Last reply 2 months ago

Summary updated a month ago

Last updated 06/12 00:44