Synthetix is re-submitting our LTIPP proposal with the support of @coinflip from GMX. (He will post soon, but just sharing here for clarity to all)
We have reduced our ask to 2m ARB and made other core changes to the Proposal to align with council and delegate feedback.
We want to highlight that while our advisors provided valuable guidance, there was a discrepancy between the advisor and LTIP councilor feedback. Had we received the council feedback earlier, we would have promptly made the necessary adjustments to align with the council’s expectations.
Because of this discrepancy, we feel it is essential for delegates to reconsider the Synthetix LTIP proposal with the following edits:
Summary of feedback from Councillors/Delegates:
1. Grant Size:
2. Incentive Design and Justification:
3. Long-term Alignment with Arbitrum:
4. Collaboration and Ecosystem Integration:
TLDR Changes
Detailed Responses to feedback and Changes:
1. 1,000,000 ARB for LP Incentives:
2. 900,000 ARB for Trading Fee Rebates:
3. 100,000 ARB for sUSD Incentives:
Synthetix is re-submitting our LTIPP proposal with the support of @coinflip from GMX. (He will post soon, but just sharing here for clarity to all)
We have reduced our ask to 2m ARB and made other core changes to the Proposal to align with council and delegate feedback.
We want to highlight that while our advisors provided valuable guidance, there was a discrepancy between the advisor and LTIP councilor feedback. Had we received the council feedback earlier, we would have promptly made the necessary adjustments to align with the council’s expectations.
Because of this discrepancy, we feel it is essential for delegates to reconsider the Synthetix LTIP proposal with the following edits:
Summary of feedback from Councillors/Delegates:
1. Grant Size:
2. Incentive Design and Justification:
3. Long-term Alignment with Arbitrum:
4. Collaboration and Ecosystem Integration:
TLDR Changes
Detailed Responses to feedback and Changes:
1. 1,000,000 ARB for LP Incentives:
2. 900,000 ARB for Trading Fee Rebates:
3. 100,000 ARB for sUSD Incentives:
Very large ask, although reduced significantly. Sythentix has a very established product on OP, and Arb would benefit greatly having V3
Very large ask, although reduced significantly. Sythentix has a very established product on OP, and Arb would benefit greatly having V3
A long time of fan of their products on Optimism, really excited to see them grow a following in Arbitrum
https://forum.arbitrum.foundation/t/clarified-process-for-non-council-recommended-applications-to-move-to-snapshot/23257/3
Overall supportive, Synethix adding Arbitrum is a big signal for the ecosystem - To be seen how their upcoming OP chain will affect this.
https://forum.arbitrum.foundation/t/synthetix-ltipp-application-final/22023/18?u=itublockchain
https://forum.arbitrum.foundation/t/synthetix-ltipp-application-final/22023/17?u=cattin
Based on the work that the council and LTIPP team have done, I trust their judgment and abstain from this vote.
As the Program Manager StableLab will vote Abstain on every LTIPP proposal to remain neutral
https://forum.arbitrum.foundation/t/synthetix-ltipp-application-final/22023/16?u=mcfly
As an LTIPP advisor, abstaining on all proposals belonging to this second round
Synthetic Asset Protocol Agreements Best of the Best
A long time of fan of their products on Optimism, really excited to see them grow a following in Arbitrum
https://forum.arbitrum.foundation/t/clarified-process-for-non-council-recommended-applications-to-move-to-snapshot/23257/3
Overall supportive, Synethix adding Arbitrum is a big signal for the ecosystem - To be seen how their upcoming OP chain will affect this.
https://forum.arbitrum.foundation/t/synthetix-ltipp-application-final/22023/18?u=itublockchain
https://forum.arbitrum.foundation/t/synthetix-ltipp-application-final/22023/17?u=cattin
Based on the work that the council and LTIPP team have done, I trust their judgment and abstain from this vote.
As the Program Manager StableLab will vote Abstain on every LTIPP proposal to remain neutral
https://forum.arbitrum.foundation/t/synthetix-ltipp-application-final/22023/16?u=mcfly
As an LTIPP advisor, abstaining on all proposals belonging to this second round
Synthetic Asset Protocol Agreements Best of the Best