Sommelier LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/sommelier-finance-ltipp-application-draft/21991

Council - 3/3 Yes Votes

Feedback

Wintermute Feedback) Sommelier Finance’s application was very strong and they scored highly in most criteria. Their product brings new infrastructure to Arbitrum that benefits passive yield hunters, improves DEX liquidity, and improves money market yields. The product is highly composable, benefiting the rest of the Arbitrum ecosystem. Their goals, objectives, and KPIs are all very clear and well-justified. The product has seen really strong growth over its lifetime and will allow Arbitrum to easily tap into their Ethereum-based users, giving it a competitive advantage over other chains. Lastly, we appreciate the added ‘stickiness’ mechanics to their distribution mechanism instead of just a plain LM program. We support this application.

GFX Feedback) Sommelier’s pattern of sustained growth on Ethereum, combined with a detailed plan to execute makes this an easy grant to recommend be approved.

Karel Feedback) "Vote FOR Sommelier Finance's proposal.

Strong proposal that scored well on the rubric. Thoughtful execution strategy, good traction despite its short life, and a deeply composable product that will compound benefits for the Arbitrum eco. If they are able to achieve their TVL targets (effectively 3x-ing by end of LTIPP), then should be a win for Arbitrum."