LOGX LTIPP Council Recommended Proposal

Link to Application

https://forum.arbitrum.foundation/t/logx-ltipp-application-draft/21956

Council - 3/3 Yes Votes

Feedback

Wintermute Feedback)

LogX’s application was solid and scored well across most criteria. They excelled in their grant, milestone, and KPI justifications, providing very clear objectives and calculations. Their grant size is on the larger size, but the team has demonstrated their ability to execute on effective incentive programs that they have been running for some time. We like their emphasis on targeting CEX users and how they intend to achieve this. The main things lacking from this proposal was lack of data, novelty, and contribution to Arbitrum’s competitive advantage. The latter stems from Arbitrum’s abundance of Perp DEXs, but LogX provides some interesting product features. We support this application.

GMX Feedback)

LogX’s application presents a well-rounded proposal, with a grant size that is both justified and reasonable. The protocol's high composability enhances its ability to unlock new value propositions for other applications. The team boasts a solid track record in attracting and retaining both power users and casual traders, achieving an average daily volume of close to 60M. Remarkably, 75% of their volumes originate from Arbitrum, despite their deployment on other chains such as Optimism, Mantle, Linea, and Blast. Their execution plan is clear, and the grant is expected to facilitate Arbitrum in acquiring more Centralized Exchange (CEX) traders, potentially igniting a new growth cycle beyond referral and affiliate programs. We support this application.

GFX Feedback) This grant plan scored well in most areas of the rubric. We recommend this grant be approved.