Orange Finance LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/orange-finance-ltipp-application-draft/21664

Council - 3/3 Yes Votes

Feedback

Wintermute Feedback) Orange Finance’s application was thorough and provided solid justification for their grant size. Furthermore, they provided clear milestones, KPIs, and goals, with their milestones tied to ARB unlocks based on protocol activity. Their protocol has seen decent adoption given their age, however, no clear signs of strong demand. Nonetheless, their product builds on top of existing DeFi protocols and provides passive yield strategies for users. They have a good execution strategy and we like that it directly targets stickiness that will last longer than the incentive period. We will be supporting this application.

404 Feedback) Orange Finance scored well across the majority of the rubric specifically due to their novel product and alignment with Arbitrum. They present a unique product that builds atop several other protocols within the Arbitrum ecosystem and we believe their traction metrics suffers simply due to the complexity of their product. The ask is a little high for their current traction but we are encouraged by their retention strategy and believe incentives will lead to longterm synergies. Due to the strong execution strategy, composability and long-term retention presented we are supporting this application.

Karel Feedback) "Vote FOR Orange FInance's proposal.

Detailed proposal and well justified grant request amount. Protocol has seen decent adoption which has since lowered since submission but incorporates an interesting points program mechanic and locking mechanism that aligns well with longer term stickiness and achievement towards milestone goals ($1M -> $2/$4M TVL). Support this going to the DAO."