Stader Labs LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/stader-labs-ltipp-application-draft/21989

Council - 3/3 Yes Votes

Feedback

GFX Feedback) The Stader proposal to bring ETHx en masse to Arbitrum is straightforward, and supports the strategic objective of cementing Arbitrum’s lead in LST share amongst L2s.

GMX Feedback) Stader's protocol was recently deployed on Arbitrum in March, yet it has already attained product-market fit with 727M staked across all LSTs. Their application aims to diminish switching costs and enhance Arbitrum while expanding DEX scalability and facilitating DeFi integrations across yield optimizers. The execution strategy is meticulously planned and transparent, with outlined strategies to augment the liquidity's stickiness. We support Stader's application.

Karel Feedback) "Vote FOR Stader's proposal.

Strong proposal and very detailed execution plan to put the grant to good use across (i) bridging to reduce switching costs and drive activity from mainnet into Arbitrum; and (ii) incentives to scale partnerships with other Arbitrum protocols. Second-order benefits are strong given composability."