Threshold LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/threshold-foundation-ltipp-application-draft/21783

Council - 3/4 Yes Votes

Feedback

404 Feedback) Overall Threshold presented an extremely thorough application with a sound execution plan and strong KPIs. Their adoption showed a good track record and believe they are a great addition to the Arbitrum ecosystem. We acknowledge there is a component of the grant that falls outside the scope of the program (10% towards developing the tBTC direct minting dapp), however, we felt the grant application was strong enough to allow this to pass on to the DAO and have them vote to allow this exception.

Karel Feedback) "Vote AGAINST Threshold's proposal.

Strong proposal that scored well across rubric (execution, KPIs, milestones, grant justification, etc.). Only hold up is 10% being allocated as a developer grant and while not significant, this has disqualified other applications (for me) and do not want to make an exception here despite all other criteria passing with flying colors."

GMX Feedback) The proposal outlines a comprehensive strategy to aggressively grow the TVL of decentralized Bitcoin on Arbitrum, addressing liquidity provisioning, user stickiness, and direct minting functionalities. By incentivizing liquidity provision across key pools and implementing a tiered loyalty program, the protocol aims to attract and retain liquidity providers, thus deepening the liquidity pool on Arbitrum. Additionally, the integration of a direct minting DApp for Bitcoin on Arbitrum streamlines the process for BTC holders to access DeFi opportunities, fostering growth and innovation within the Arbitrum ecosystem. Overall, the proposal demonstrates a clear understanding of the ecosystem's needs and presents a well-thought-out plan to address them effectively, making it a strong candidate for acceptance.

Wintermute Feedback) Threshold’s application was very strong, they provided thorough details and justifications for their requested grant size, milestones, KPIs, and objectives. We really liked their execution strategy as it was well thought out and focused on incentivizing key areas such as liquidity, direct Arbitrum minting, and stickiness. Their adoption on Arbitrum has been underwhelming, however, we believe it’s important for the DAO to support such infrastructure that has already been successful on Mainnet and improve BTC alternatives. Lastly, we appreciate their commitment to co-incentives during and 12 months after the LTIPP begins. We will be supporting this application.