Clipper - LTIPP [Post Council Feedback]
Summary
Clipper is submitting an amended proposal per the Clarified Process for Non-Council Recommended Applications. Clipper’s original LTIPP proposal for 249,004 ARB included components for Liquidity Mining and incentives for Clipper User Migration to Arbitrum. This proposal was rejected in a 3-2 decision. The judges highlighted three areas where Clipper’s application could be improved:
- Three expressed concern that the requested liquidity mining grant size is too large relative to Clipper’s current TVL.
- Three said the execution plan/milestones is sparse.
- One said the data seems hard to believe, and think the applicant conflates an address with being a unique user.
Clipper has made revisions to the initial proposal:
- Amended the application to 174,308 ARB from 249,004 ARB
- In particular, Clipper decreased the liquidity mining component request by 40%, to 74,308 ARB from 123,846 ARB
- Added specific milestones for each component including specifically user acquisition targets
Application Revisions have been posted to the Arbitrum forum:
Link to Original Application
Milestones
Per the judge’s feedback, Clipper has enhanced its execution plan and added monthly milestones to improve accountability.
Liquidity Farming
Total Duration: 12 weeks (10 weeks + 2 weeks setup)
Timeline: Once the grant is received, the team will need 2 weeks (maximum) to deploy and fund the farming pool contract on Arbitrum. This technology is already battle-tested since we’ve used it for past incentive programs on other chains.
After this, the program will begin and incentives will be distributed gradually over the course of 10 weeks.
- Month 1: ARB Farming contract is live, TVL has risen 25% from baseline;
- Month 2: TVL has risen 60% from baseline
- Month 3: TVL has risen 100% from baseline
User & TVL Migration
Total Duration: 12 weeks (10 weeks + 2 weeks setup)
Timeline: This program will begin on the same day the liquidity farming program begins, so as to create the dual-reward incentive. Rewards will be distributed to LPs upon migration to Arbitrum, for the duration of the 12-week program. The key milestone for this program will be achieving the target 5% conversion rate. A mid-point milestone will be achieving a 2.5% conversion rate.
- Month 1: Airdrop is executed and more than 50% claimed; 1,000 Clipper LPs have successfully migrated to Arbitrum pool.
- Month 2: Airdrop is >75% claimed; 2,500 Clipper LPs have successfully migrated to Arbitrum pool.
- Month 3: Airdrop is >90% claimed; 4,000 Clipper LPs have successfully migrated to Arbitrum pool.
Off-Chain Vote
For
104.91M ARB72.7%
Against
11.7M ARB8.1%
Abstain
27.74M ARB19.2%
Discussion
Timeline
Apr 26, 2024Proposal created
Apr 26, 2024Proposal vote started
May 03, 2024Proposal vote ended
Dec 08, 2025Proposal updated