Grant Request - Curve Finance

This vote is to seek support for a standalone grant application by LlamaRisk on behalf of and to support the growth of Curve Finance on Arbitrum

This grant application is NOT part of LTIPP but has been designed to follow a similar model and is proposed to be distributed over a similar period.  If this proposal is approved by the DAO and the LTIPP council is agreeable this proposal can fit within the monitoring of LTIPP as well.

Key Grant Information

Requested Grant Size 237,500 ARB

Grant Period 16 weeks

Grant Matching Michael Egorov will donated 237,500 ARB from his personal ownership to match the arbitrum grant. The source of these tokens are from early personal investment into Arbitrum.

Grant Breakdown The goal of this proposal is to establish a deeply liquid borrowing and lending market for ARB tokens. The funds matched by the Arbitrum DAO will be used exclusively to bootstrap the supply side in the two ARB markets. The funds from Micheal Egorov are used for the crvUSD/ARB/CRV pool and upcoming LRT/WETH AMM pools. Possible LRT tokens are weETH (ether.fi), ezETH (Renzo) and reETH (KelpDAO), which have decent liquidity on arbitrum.

The ARB will be deployed to the market/pool rewards as a supply incentive and direct LP incentive.

Once funds have been received, we will work with the Curve core team to deploy the grant. Distribution will begin shortly after the necessary markets have been deployed.

Link to Full Proposal below