https://forum.arbitrum.foundation/t/lido-ltipp-application-draft/21716
404 Feedback) Overall, Lido presented a really thorough and great proposal. They provided a very detailed execution plan, grant justification, quantifiable milestones that are easily trackable. Co-contribution of incentives also helps ensure liquidity stickiness in addition to the further integrations of wstETH across Arbitrum’s DeFi ecosystem. Creating deep LST liquidity will considerably strengthen Arbitrum’s competitive position.
GMX Feedback) The proposal from Lido DAO's Liquidity Observation Labs (LOL) demonstrates a clear and comprehensive strategy to drive the adoption and usage of wstETH on Arbitrum. Their past success in growing wstETH on other Layer-2 networks, combined with a detailed plan for incentivization, integration, and measurement of success, instill confidence in their ability to achieve their objectives. The team's experience in managing previous grants and their focus on long-term sustainability and growth are evident. With a well-thought-out execution plan, including incentivizing liquidity pools, governance token pairs, and leveraged staking protocols, this proposal seems poised to significantly increase wstETH activity on Arbitrum, contributing to the broader expansion of the Arbitrum DeFi ecosystem. We really like their strategy of matching the grant incentives post the LTIPP grants are over to maintain the liquidity on the protocol. Additionally, Lido is one of the most influential applications in the DeFi ecosystem. Their Wrapped Staked ETH (wstETH) has received traction on the platform without incentives. wstETH with enough liquidity could be a foundational staked asset on the chain, the additional liquidity allowing more projects to integrate the token and give users less reason to return back to the mainnet for wstETH buying/bridging. The LOL is also willing to match the grant request, further making this a good return on investment for the DAO. The KPIs and Milestones look fine to me. Overall, this proposal shows promise and deserves support.
Karel Feedback)
"Vote FOR Lido's proposal.
Well thought out proposal and strongly ranked in the rubric. They've been a leader in the space and, with the success of folks like Blast and LRTs building on EigenLayer, it's in Arbitrum's best interests to maintain deep liquidity for LSTs. Lido has been well Arbitrum aligned, incentivizing liquidity here since its initial wstETH deployment. Also great to see co-contribution of incentives as well as partnerships with other DeFi protocols on Arbitrum will contribute towards stickier liquidity. There is the natural concern of overall market share (30%+) to weigh but feel it's a competitive proposal to let the DAO decide."
https://forum.arbitrum.foundation/t/lido-ltipp-application-draft/21716
404 Feedback) Overall, Lido presented a really thorough and great proposal. They provided a very detailed execution plan, grant justification, quantifiable milestones that are easily trackable. Co-contribution of incentives also helps ensure liquidity stickiness in addition to the further integrations of wstETH across Arbitrum’s DeFi ecosystem. Creating deep LST liquidity will considerably strengthen Arbitrum’s competitive position.
GMX Feedback) The proposal from Lido DAO's Liquidity Observation Labs (LOL) demonstrates a clear and comprehensive strategy to drive the adoption and usage of wstETH on Arbitrum. Their past success in growing wstETH on other Layer-2 networks, combined with a detailed plan for incentivization, integration, and measurement of success, instill confidence in their ability to achieve their objectives. The team's experience in managing previous grants and their focus on long-term sustainability and growth are evident. With a well-thought-out execution plan, including incentivizing liquidity pools, governance token pairs, and leveraged staking protocols, this proposal seems poised to significantly increase wstETH activity on Arbitrum, contributing to the broader expansion of the Arbitrum DeFi ecosystem. We really like their strategy of matching the grant incentives post the LTIPP grants are over to maintain the liquidity on the protocol. Additionally, Lido is one of the most influential applications in the DeFi ecosystem. Their Wrapped Staked ETH (wstETH) has received traction on the platform without incentives. wstETH with enough liquidity could be a foundational staked asset on the chain, the additional liquidity allowing more projects to integrate the token and give users less reason to return back to the mainnet for wstETH buying/bridging. The LOL is also willing to match the grant request, further making this a good return on investment for the DAO. The KPIs and Milestones look fine to me. Overall, this proposal shows promise and deserves support.
Karel Feedback)
"Vote FOR Lido's proposal.
Well thought out proposal and strongly ranked in the rubric. They've been a leader in the space and, with the success of folks like Blast and LRTs building on EigenLayer, it's in Arbitrum's best interests to maintain deep liquidity for LSTs. Lido has been well Arbitrum aligned, incentivizing liquidity here since its initial wstETH deployment. Also great to see co-contribution of incentives as well as partnerships with other DeFi protocols on Arbitrum will contribute towards stickier liquidity. There is the natural concern of overall market share (30%+) to weigh but feel it's a competitive proposal to let the DAO decide."
https://forum.arbitrum.foundation/t/long-term-incentives-pilot-program/20223/60?u=mcfly
https://forum.arbitrum.foundation/t/404-dao-delegate-communication-thread/22494/7?u=404dao
Don't particularly like incentivizing the leading LST, but the grant matching is good. Deepening LST liquidity is still important.
Lido does not need incentives. Let these giants do the job themselves
https://forum.arbitrum.foundation/t/lido-ltipp-application-draft/21716/15?u=itublockchain
https://forum.arbitrum.foundation/t/long-term-incentives-pilot-program/20223/59?u=krst
Lido's staking dominance is an existential threat to ETH, and by extension ARB. Cannot support their growth at this time as risk > reward
I still need a few more months before supporting incentives for stETH
Feels like this double dips with Cian and Sommelier.
As the Program Manager StableLab will vote Abstain on every LTIPP proposal to remain neutral as per the LTIPP proposal
Voting FOR all proposals, recognizing LTIPP's thorough execution and its vital role in driving Arbitrum Ecosystem's growth.
As an advisor, member of LTIPP, voting "for" on ALL published proposals to support both the protocols and the work of the council.
https://forum.arbitrum.foundation/t/long-term-incentives-pilot-program/20223/60?u=mcfly
https://forum.arbitrum.foundation/t/404-dao-delegate-communication-thread/22494/7?u=404dao
Don't particularly like incentivizing the leading LST, but the grant matching is good. Deepening LST liquidity is still important.
Lido does not need incentives. Let these giants do the job themselves
https://forum.arbitrum.foundation/t/lido-ltipp-application-draft/21716/15?u=itublockchain
https://forum.arbitrum.foundation/t/long-term-incentives-pilot-program/20223/59?u=krst
Lido's staking dominance is an existential threat to ETH, and by extension ARB. Cannot support their growth at this time as risk > reward
I still need a few more months before supporting incentives for stETH
Feels like this double dips with Cian and Sommelier.
As the Program Manager StableLab will vote Abstain on every LTIPP proposal to remain neutral as per the LTIPP proposal
Voting FOR all proposals, recognizing LTIPP's thorough execution and its vital role in driving Arbitrum Ecosystem's growth.
As an advisor, member of LTIPP, voting "for" on ALL published proposals to support both the protocols and the work of the council.
