Myso LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/myso-ltipp-application-draft/21907

Council - 3/3 Yes Votes

Feedback

404 Feedback) Myso presents a novel product that presents new onchain lending opportunities for DAOs and potential beneficial second order ecosystem effects if their product sees strong adoption. While we do not love the execution strategy around subsidizing a 3rd party for enabling the product, we understand the purpose. The milestone orientation could have been stronger and the grant ask is a little high but overall we believe this is something worthwhile for the DAO to fund and will be supporting this grant application.

GMX Feedback) We are generally supportive of Myso Finance’s grant application. They have a proven track record of pre-existing integrations, and their requested grant size is reasonable with clear application towards specific ends. The clear allocation of rewards to borrowers, lenders, and arrangers, along with the focus on fostering long-term engagement and growth, demonstrates a thoughtful approach towards achieving the grant objectives. By incentivizing various stakeholders and implementing mechanisms to encourage "stickiness" within the ecosystem, the proposal aims to create a self-sustaining environment conducive to innovation and expansion within the Arbitrum ecosystem.

GFX Feedback) The applicant presents a clear plan, justification for the request size, and - while the grant is large compared to protocol size - demonstrates steady growth since Q4 of 2023 that can be increased with grant support. We recommend this grant be approved.