Vaultka LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/vaultka-ltipp-application-draft/21669

Council - 3/3 Yes Votes

Feedback

GFX Feedback) We worry that this grant would push rates needlessly high on the applicant’s protocol based on what yields already appear to be. The demonstrated growth, composability, and relatively straightforward execution plan and milestones allow this application to overcome our hesitations, though. We recommend this grant be approved.

GMX Feedback) Vaultka has a proven track record of delivering impactful grants, as demonstrated by their successful utilization of the GMX grant. The proposal stands out for its detailed timeline and milestone breakdown, which fosters accountability and facilitates progress monitoring throughout the program's implementation. Innovative incentive mechanisms, such as enhanced Vaultka NFT rewards, are introduced, showcasing Vaultka's commitment to fostering user engagement and retention. Moreover, the proposal's focus on creating a flywheel effect bodes well for both users and projects on Vaultka's platform, aligning with our sustainability goals. Additionally, Vaultka's early adoption of protocols and their significant TVL growth with various vaults highlight their pioneering role in the DeFi ecosystem. While the requested 1 million Arb Grant may seem substantial, supporting Arbitrum Native protocols like Vaultka, especially those introducing unique strategies, is crucial for the ecosystem's growth. The proposal's aim to attract significant TVL to their platform promises to benefit the broader ecosystem and attract new users. We would be inclined to support the proposal.

404 Feedback) Overall, this was a great application that scored well in many sections. Vaultka presented a clear execution strategy to increase its lending capacity and TVL. They have also shown strong usage since going through GMX’s grant program, with the TVL staying relatively sticky. We are supporting this application.