IPOR Protocol LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/ipor-protocol-ltipp-application-draft/21965

Council - 3/3 Yes Votes

Feedback

404 Feedback) IPOR presented a well-rounded application featuring a clear execution strategy, reasonable ask and good milestones. While their recent usage has been in a downtrend for the last year, there are clear benefits for supporting this infrastructure within the Arbitrum ecosystem including further second order effects across the Defi heavy landscape. Due to the nature of their incentive design and robust application we will be supporting this proposal

GFX Feedback) The applicant’s protocol has seen declining usage throughout its deployment life and the grant plan requests funds to liquidity mine the applicant’s own token. Perhaps that is necessary for how IPOR the protocol functions? But that is not made clear in the application. Regardless, the novelty of the protocol, its potential use cases, and the modest size of the grant request lead us to recommend this grant be approved.

GMX Feedback)

The IPOR Protocol introduces a pioneering solution to Arbitrum, offering interest rate swaps and expanding DeFi opportunities. With a demonstrated history of achieving milestones and a skilled team, the project is poised to improve liquidity, enhance market efficiency, and aiming for growth within the Arbitrum ecosystem. The grant application aligns with strategic goals by aiming to incentivize participation and bootstrap liquidity, ensuring competitiveness alongside other projects. Given the potential for new trading options and the team's track record, the proposed KPIs and milestones appear reasonable for the modest grant request. If successful, this initiative could attract and retain users in the Arbitrum ecosystem, contributing to its overall development and vitality. Therefore, we recommend accepting this application, as it offers tangible benefits for Arbitrum users and adds value to the network.