PancakeSwap LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/pancakeswap-ltipp-application-draft/21755

Council - 3/3 Yes Votes

Feedback

404 Feedback) PancakeSwap presented a well rounded application as they boast a protocol that has been around for a while and features good usage metrics. We are supportive in their multi-faceted execution strategy and justified grant ask. We support this application.

Wintermute Feedback) PancakeSwap’s application was solid and scored well across a lot of criteria. They have a great reputation and a long history of development and growth. They bring some interesting and novel product offerings to Arbitrum under one UI making it easy for users to access, their upcoming integrations with Arbitrum-native applications are also a plus. They have a strong user base with a lot of TVL across other chains which is valuable for Arbitrum. Their KPIs, milestones, and goals are clear and sufficiently justified. While their growth has not been explosive, there has been a steady upward trend since their deployment on Arbitrum. We would’ve liked to see more effort towards retaining users and LPs after the incentives end + a bit more innovation than pure liquidity mining. We will be supporting this application.

Karel Feedback) "Vote FOR PancakeSwap's proposal.

Strong proposal and scored highly on rubric (execution strategy, metrics, etc.) + potential to drive adoption from other chains (where they have more a presence vs. Arbitrum). Milestones are clear and aligned with LTIPP goals to grow volume, usage, and TVL, and, if successful, will be a net positive for the Arbiturm ecosystem. On incentivizing stickiness after LTIPP, keen to observe how Prediction and Stryke contributes to achievement of of LTIPP goals thereafter."