GDP #014: Oracle Gasdrop (Arbitrum Grant Program)

### Overview DIA received 75.000 $ARB tokens in the recent Arbitrum airdrop. We propose to leverage part of these funds to support Arbitrum developers via a grants program: DIA Oracle Gasdrop.

The Oracle Gasdrop proposal is designed to support the development of new DeFi use cases in the Arbitrum ecosystem by providing grants to fund the gas required to operate oracles on Arbitrum.

Program Details

Funding and Allocation

30k out of the total 75k $ARB tokens are to be allocated to projects that meet eligibility requirements. Any project that operates on the Arbitrum network and needs gas for funding a DIA oracle can submit an application, with additional stipulations to be specified in due course.

The approval mechanism operates through a voting system on DIA’s Snapshot 1, where eligible voters include token holders of the applying project, DIA, and Arbitrum. Successful projects that garner the required votes will be granted a sum of 1,000 $ARB tokens (not $aETH - Arbitrum’s gas token). It’s important to note that these tokens are strictly designated for the purpose of providing gas funding for DIA oracles.

#### Terms and Specifications Funds can only be requested for projects utilizing DIA oracles on Arbitrum, and each project can only request funds once.

Votes can be cast by holders of Arbitrum, DIA, and the applying project. Voting power is defined by equalizing the fully diluted market cap of all projects and rounding to the nearest whole number (based on CoinMarketCap info on the date of snapshot creation). If a project has no token, only $ARB & $DIA holders can vote.

If a project discontinues DIA oracle usage, the remaining funds must be reallocated for the Oracle Gasdrop use case for other projects. The allocation amount can be changed at the core team’s discretion to reflect market price and gas usage for contract updates. Changes reflect the utility value of gas updates and require no additional approval.

Parameters

• Approve the proposal
• Do not approve the proposal
• Abstain