deBridge LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/debridge-ltipp-application-draft/21668

Council - 3/3 Yes Votes

Feedback

GMX Feedback DeBridge has already demonstrated its value by processing over $200 million in trading volume through Arbitrum, representing a substantial portion of the total volume without any incentives. With the introduction of incentives, these numbers are expected to grow even further. Additionally, a portion of their incentives will be allocated to partner incentives for their deBridge API integration, enhancing their composability with other ecosystem projects. The proposal outlines clear milestones, and if achieved, they have the potential to attract a significant number of users to Arbitrum. The proposal is well-written and deserving of support. DeBridge has experienced significant growth and is seeking $1 million in incentives to reduce costs and friction for entry into the Arbitrum ecosystem. The proposed milestones aim for ambitious targets that, if met, could substantially improve the accessibility and ease-of-use of Arbitrum. This grant is expected to be a net benefit to the ecosystem, considering DeBridge's pre-incentive usage and the likelihood of retaining users post-incentives. Overall, the proposal is viewed positively, with confidence in DeBridge's ability to contribute positively to the ecosystem.

Karel Feedback Vote FOR deBridge's proposal.

Strong proposal that scored well across rubric. The grant request, while large, is well justified and structured across end users (makers, takers, and integration partners). Milestones/KPIs are well justified and realistic to be achieved with added incentives from the program. Would have loved more detail regarding Arbitrum integration partners and any plans to continue to grow this over time.

404 DAO Feedback DeBridge presented a strong application that scored well across most of the rubric. They provided strong justification for a rather large grant ask and presented a thorough execution strategy. One major issue with the proposal is around the subsidizing of outflows from Arbitrum. While this action is subsidized at a fraction of inflows, this is not an action that we would like to see incentivized and led to a point deduction. Regardless, their recent growth along with their strong justification has lead us to support this proposal.