Limitless LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/limitless-ltipp-application-draft/22049

Council - 3/3 Yes Votes

Feedback

Wintermute Feedback) Limitless’ application was decent and scored average across most criteria. The requested ARB grant is a little on the high side given the age and activity of the protocol, however, is justified well enough. They have a nice distribution mechanism that targets LPs to stay for a longer period of time through an escrow mechanism which is great. Their protocol is also rather novel and introduces some interesting opportunities for traders on Arbitrum. Some of their KPIs lacked a bit of justification and seemed rather arbitrary. We would’ve also liked to see additional reward mechanisms that target increasing users and trading volume on the platform. Overall, given the grant request, novelty, and distribution mechanism, we support Limitless’ application.

404 Feedback) Limitless presented a decent application overall. While it was difficult to verify the data from the Limitless Beta program and their milestones were not trackable at all, their incentive design is very clearly thought out and specifically promotes retention and stickiness. Additionally, the protocol is pretty novel and is a nice addition to the Arbitrum ecosystem. Overall, we believe these factors justify their grant request so we will be supporting this application.

Karel Feedback)

"Vote FOR Limitless' proposal.

Good proposal that scored moderately well on rubric. Grant size justification and use of funds is sufficiently incentivized and escrowed approach to lock/vest maintains liquidity post-LTIPP. KPIs are lofty with their current activity numbers and would have liked to see more granular milestones/KPIs over span of the program against their KPIs (TVL, volume, fees) and new ones like # of users."