SX Bet LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/sx-bet-ltipp-application-draft/22061

Council - 3/3 Yes Votes

Feedback

GFX Feedback) We thought this was generally a well-crafted grant plan, with a clear product, actions to incentivize, data and past experience to justify the cost. The structure of the incentives, however, seem more aimed at SX acquiring Arbitrum’s users than in acquiring users for Arbitrum. This grant plan (smartly) identifies high friction to get a new user onto their own proprietary chain, and want to acquire users on Arbitrum where those users can interact with SX’s markets that are active on both chains. The danger to Arbitrum, however, is that this can act as a marketing funnel to find users on Arbitrum, give them a taste of SX’s product at reduced cost, and then possibly migrate those users to SX’s own dapp chain. The grantee does, in fact, attempt to address this with statements that they intend to migrate their own users to Arbitrum, though this is not a clear part of the grant plan. Because of that, we are able to score this grant plan highly. We recommend this grant plan be approved.

Karel Feedback) Vote FOR SX Bet's proposal.

Well detailed proposal that scored highly on the rubric. Initially was concerned that the proposal and incentives would serve as a way to draw users away from Arbitrum, knowing that Polygon Edge has been deprecated serves as an opportunity to see SX Bet migrate to Arbitrum. Would have liked to see more detailed reports and on-chain data to support some of their claims re: retention, volume, how they've used previous incentives to drive growth, etc. Recommend this go to the DAO for review.