CVI.Finance - LTIPP [Post Council Feedback]

Following the initial feedback of LTIPP Council, CVI would like to re-submit its LTIPP application. The full proposal can be found here: https://forum.arbitrum.foundation/t/cvi-ltipp-application-final/21947

Request: 125,000 $ARB (Reduced from 250,000 $ARB)

Summary:

CVI.Finance has revised their LTIPP grant proposal based on comprehensive feedback from the Arbitrum Council. In their commitment to align with Arbitrum's expectations and ecosystem, they significantly reduced their initial grant request by 50% and refined their strategic objectives to enhance trading excellence, market stability, and widespread engagement within the ecosystem.

Key Adjustments:

Grant Size Reduction: From 250,000 $ARB to 125,000 $ARB to address council concerns about the original grant size and ensure responsible allocation of resources.

Focused Objectives:

• Trading Excellence and Activity: Allocating 40,000 $ARB to boost trading via competitions.
• Liquidity and Market Stability: Enhancing liquidity with a targeted 40,000 $ARB, focusing on a tiered incentive structure adjusted to the current $ARB price. This includes incentives for reaching up to $2M TVL.
• Trading Engagement: Increasing trading engagement through raffles and rebates totaling 45,000 $ARB.

Council Feedback Response:

• Addressed Wintermute’s concerns on grant justification by halving the request and detailing fund distribution.
• Integrated GMX’s suggestions for clearer grant size justification and a phased funding approach.
• Responded to Karel’s feedback by ensuring milestones are based on tangible, proven results.

Conclusion:

CVI’s revised proposal aligns closely with Arbitrum’s goals for growth and innovation. By scaling down the request and focusing on key performance metrics, CVI is committed to demonstrating the value and effectiveness of the project within the ecosystem.