GDR #004: Mean Finance | Gasdrop Request

Note

Approval requires more than 50% of YES votes and a minimum threshold of 10k DIA voting power across $DIA and $ARB, tokens. The weight of $ARB is calculated by equalizing their fully diluted market cap with DIA's at the time of the vote's creation. Mean Finance has no token at the time of the vote.

Project Overview

• Project Name: Mean Finance
• Project Website: https://mean.finance/
• Project use case: Decentralized Dollar Cost Averaging
• Oracle Use: Allows to onboard new tokens on their decentralized DCA by providing the needed price feeds for asset pricing.

Request for DIA Oracle Gasdrop Program

Our project, Mean Finance, is currently building the go-to platform for decentralized investment tools, fostering responsible and diversified exposure to the emerging crypto asset thesis. We prioritize diversification and prudence in our approach, simplifying users’ investment journey into the future of finance. Our first and flagship product is a decentralized DCA tool that enables users (or protocols) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency. Furthermore, users will not have to pay the execution gas of the trades, since they will be executed by external market makers. This product is already deployed and has been live for quite some time on the Arbitrum network.

We would like to participate in DIA’s Oracle Gasdrop program to fund more token price feeds, which is a must to enable them on our decentralized DCA product. In order to have a better understanding of why price feeds are needed in order to enable tokens on our DCA product, you can check our docs.

We understand that approval of this request requires a vote with more than 50% of YES votes from the holders of Arbitrum, DIA, and our project’s tokens. We are committed to providing any additional information required for the voting process.

Thank you for considering our request.

Mean Finance Team

About DIA Oracle Gasdrop

DIA is supporting dApp development with an Arbitrum grant program to co-sponsor gas costs of oracle updates. The grant program is designed to facilitate the evolution of new DeFi use cases within the Arbitrum ecosystem. The program is funded by ARB tokens received from the Arbitrum airdrop. Learn more at https://www.diadata.org/oracle-gasdrop-arbitrum-grant/