Yield Yak LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/yield-yak-ltipp-application-draft/21912

Council - 3/3 Yes Votes

Feedback

Wintermute Feedback) Yield Yak’s application scored well across a lot of criteria. They had clear milestones, KPIs, goals, and objectives, and based their ARB distribution according to key milestones which is great. Their incentive mechanism is very basic and more could of been done there to incentivise stickiness. Their project is very composable and they have decent integrations thus far. They sufficiently justified their requested grant size, however, we would’ve like to see more thought behind trying to migrate their Avalanche users to Arbitrum by using ARB incentives. Lastly, we are slightly concerned about product demand on Arbitrum given their age. Nonetheless, this was a solid application and we will be supporting it.

GFX Feedback) While we feel the request is relatively high vs the Arbitrum traction to date, the persistent presence on Avalanche does suggest the team can maintain much of the TVL and activity if they can get some momentum. We also appreciate that the request is scaled to a targeted, capped incentive and represents a maximum spend. We recommend this grant be approved.

Karel Feedback) Vote FOR Yield Yak's proposal.

Strong, comprehensive proposal across major criteria (milestones, KPIs, etc.) with solid metrics driven largely by Avalanche (Arbitrum metrics are meh). Requested grant size is higher than ideal but sufficiently rationalized by the team in light of potential opportunity to migrate Avalanche users to Arbitrum and would have liked to see a more fulsome strategy drawn out to bring users over to Arbitrum as part of the incentivization strategy.