Bond protocol LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/bond-protocol-ltipp-application-draft/21895

Council - 3/3 Yes Votes

Feedback

404 DAO Feedback Bond Protocol presented a strong application that detailed the novelty of their product and execution plan in a clear & concise manner. They’re a team that has built on Arbitrum for over a year now and have properly justified the grant ask despite moderate (thought improving) usage. A more complete milestone section along with detailed KPIs that were more justified would’ve strengthened the application. But overall this is a project and application that we support.

Wintermute Feedback Bond Protocol’s application scored well across a lot of criteria. They have a great track record, a good Arbitrum relationship, and bring innovative infrastructure. Their application was well-written and clear in their goals, KPIs, and milestones.

They have a solid reward distribution mechanism and really like the focus on working with protocols for their treasury management needs as this is rather sticky; we hope that the asset acquisitions are directly supporting LP efforts. However, we would’ve liked to see more justification behind the calculation of the grant size.

The grant size is rather large given the total activity of Bond on Arbitrum, but given the usage of incentives, we think it’s okay.

We will be supporting this application.

Karel Feedback Vote FOR Bond Proposal's proposal.

Strong proposal with an innovative solution tackling bonds and treasury management needs for teams. Bonds are a strong reward and incentive mechanism is a sticky solution for projects (as evidenced through Olympus Pro adoption). Still nascent on Arbitrum but meaningful growth has been observed. Would have liked to see more detail around selection of the six bond issuers (criteria) as well as the timeline and milestones (eg. when this will turn on and how they will go through pipeline to execute against incentives). Over to the DAO!