What is this about?

This discussion revolves around a grant application posted by Mint_cloud for their project, Matcha, 0x, a DEX aggregator app that offers users a seamless experience to find and trade crypto assets. The grant, amounting to 1M ARB, is intended to be used for user gasless trading incentives on Matcha, Professional Market Maker incentives, and Developer incentives to build swap apps on Arbitrum. The project aims to bring gasless DEX trading to Arbitrum for the first time, subsidize gas costs, attract more professional market makers to offer RFQ liquidity to Arbitrum, and offer premium 0x API plans for free to developers building on Arbitrum¹.

How is the community reacting?

The community's reaction is not explicitly mentioned in the summaries. However, Mint_cloud has outlined a comprehensive plan to monitor the success of the Matcha adoption program on Arbitrum, increase the number of Market Makers, and run a 0x Fee rebate program. They have also proposed a plan to offer incentives to Market Makers providing liquidity on Arbitrum¹.

Why this is positive?

The grant application by Mint_cloud is a positive development as it aims to bring gasless DEX trading to Arbitrum, improving user experience and making it easier to run a gas rebates program. It also plans to increase the number of Market Makers on Arbitrum, which will bring price parity with the most liquidity venues, including Centralized Exchanges. The grant will also support the onboarding of more developer teams and facilitate more trades¹.

Why this is negative?

The summaries do not provide any negative aspects of the discussion. However, it's worth noting that the success of the project depends on the execution of the outlined strategies and the community's acceptance of the proposed changes. The team acknowledges that failure to comply with the program's requirements could result in the halting of the program’s funding stream¹.