Aave LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/aave-ltipp-application-final/21741

Council - 3/3 Yes Votes

Feedback

GMX Feedback The well-balanced approach in their grant application suggests they are aware of their marketshare in the money market space, and have structured their grant proposal accounting for the fact that while they are beyond their primary growth phase, that they still have exciting developments to bring to the ecosystem. The proposal aims to kickstart the adoption of GHO as a native stablecoin asset on Arbitrum while also focusing on growing and retaining users on the Aave V3 Arbitrum deployment

404 DAO Feedback Overall, Aave presented a strong proposal that was thoroughly written. They provided extensive data on their relevant usage metrics along with a very detailed execution plan the incentives which we believe fully justifies the size of this grant. Enabling the growth of native Arbitrum GHO will help strengthen Arbitrum’s competitive position.

Providing more trackable success metrics within their milestones as well as sybil defense mechanisms were areas we felt the application could be improved. And while co-contribution of incentives was mentioned, since a commitment is reliant on an Aave DAO vote we did not award a bonus point.

Karel Feedback Vote FOR Aave's proposal.

Strong proposal; lots of data, detailed execution plan, thoughtful KPIs, and reasonable grant size given their traction and activity. Launch of the Native Arbitrum GHO feeds into ecosystem benefits from this grant, though some elements are dependent on passing through Aave DAO governance. Would have liked to see a more considerate effort towards driving volumes from Ethereum Mainnet to Arbitrum.