RFF: Avalanche and Arbitrum Deployments

Summary Launch ETH/NEWO LP on Arbitrum and MIM/NEWO LP on Avalanche with a 500k multichain fund used to fund cross-chain incubated projects.

Rationale: The Avalanche network is secured by over 1,000 validators and is scalable to tens or hundreds of thousands of participants due to the performance of Avalanche consensus. While maintaining this level of decentralization, the network can deal with high throughput and provides instant finality in 1-2 seconds, making the network’s C-Chain an incredible playground for DeFi and other EVM applications. The ecosystem already has a slew of native projects offering exchange, lending, and aggregation services, over $1.5bn bridged from Ethereum, over $2.2bn in TVL, and protocols such as SushiSwap and Curve deployed or in the process of deploying.

Arbitrum is the leading Ethereum Rollup, with hundreds of live apps including most top Ethereum apps and infrastructure including Alchemy, Balancer, Chainlink (23 active price feeds), Curve, Gnosis Safe, Infura, Sushiswap, Uniswap, Quicknode, and many others. A more complete list can be found at https://portal.arbitrum.one. While Arbitrum has strong DeFi adoption, it lacks a strong network providing resources to help build innovation on the chain, and this is where New Order would fill that gap proving beneficial for both communities. Arbitrum has over 2.5B in TVL, and accounts for 47.8% of TVL across all Ethereum L2s tracked by L2Beat. Arbitrum also has numerous direct fiat on-ramps, CEX integrations, and application layer bridges making it simple for users to bridge liquidity onto the platform.

Both these blockchains provide big opportunities for our DAO to capitalize on, on top of this, we will be able to provide near-0 gas trading for the NEWO token. We will bootstrap a TraderJoes LP of MIM/NEWO with $250k in seed capital and move $250k in USDC to a Avalanche multisig with the goal to launch two Avalanche native projects with the capital, on the Arbitrum side, a ETH/NEWO LP on Sushi with also $250k in seed capital and another fund of $250k in an Arbitrum multisig with the same goal of launching two Arbitrum projects. LP rewards and farming would be supported by rewards from TraderJoes and Sushi, as well as 2% of the total NEWO supply taken from the liquidity mining tranche.

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