Using O3 Labs' $ARB Airdrop

Voting ended almost 3 years agoSucceeded

O3 Labs has received 386,311 $ARB from the Arbitrum DAO in the form of an airdrop as a reward for helping to bridge thousands of users to the Arbitrum network! We’re thrilled to be supporting such a vibrant community and we’re looking forward to solidifying our role as a cross-chain, DeFi & NFT titan in Arbitrum’s growing ecosystem.

O3 Treasury multi-sig address: 0xB23D6Fc44E40e56cB3b0d2C28Ba3D7A170A07a49

Currently all of our $ARB is visible in O3 Swap’s secure multi-sig address above. You can check it out on the blockchain via Arbiscan.io.

O3 Labs is now making plans to use the $ARB allocation to grow our user base on the Arbitrum network. Our general plan starts by increasing our TVL for cross-chain trading on the Arbritrum network while simultaneously deepening our $O3 liquidity! We’re proposing the following to the O3 community at large by using the allotment of the $ARB funds as follows.

Proposal👇

The allocation will be divided into four parts:

Incentives for Increasing Liquidity: Doing this will incentivize users who participate in liquidity mining, thereby increasing liquidity and allowing us to provide better cross-chain services on Arbitrum.
Incentives to deepen O3 Token liquidity: We’ll use a certain percentage to deepen the liquidity of O3 tokens on top DEXs on the Arbitrum network, so slippage remains low for all swappers of $O3 token thanks to healthy and maintained liquidity pools.
Build & develop O3swap in Arbitrum Ecosystem to expand or strengthen the influence of O3 Swap through marketing cooperation, business development, etc. and drive more user groups to the Arbitrum’s ecosystem.
O3Labs Community Building and Management: This section will reward future users who actively participate in building and managing the O3 community, including: initiating proposals, participating in proposal voting, forum discussions, and community interactions on Twitter and Discord.

Options👇

Option 1: 30% Liquidity Incentives 50% Deepen the liquidity of $O3 tokens on Arbitrum 10% Build & develop O3 Swap in the Arbitrum Ecosystem 10% Community building and governance of O3 Labs

Option 2: 40% Liquidity Incentives 45% Deepen the liquidity of $O3 tokens on Arbitrum 10% Build & develop O3 Swap in the Arbitrum Ecosystem 5% Community building and governance of O3 Labs

Off-Chain Vote

Option 1

115.72K O393.4%

Option 2

8.11K O36.6%

Quorum:248%

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Timeline

May 09, 2023Proposal created

May 09, 2023Proposal vote started

May 16, 2023Proposal vote ended

Oct 26, 2023Proposal updated

Proposal👇

The allocation will be divided into four parts:

Incentives for Increasing Liquidity: Doing this will incentivize users who participate in liquidity mining, thereby increasing liquidity and allowing us to provide better cross-chain services on Arbitrum.

Incentives to deepen O3 Token liquidity: We’ll use a certain percentage to deepen the liquidity of O3 tokens on top DEXs on the Arbitrum network, so slippage remains low for all swappers of $O3 token thanks to healthy and maintained liquidity pools.

Build & develop O3swap in Arbitrum Ecosystem to expand or strengthen the influence of O3 Swap through marketing cooperation, business development, etc. and drive more user groups to the Arbitrum’s ecosystem.

O3Labs Community Building and Management: This section will reward future users who actively participate in building and managing the O3 community, including: initiating proposals, participating in proposal voting, forum discussions, and community interactions on Twitter and Discord.

Options👇

Option 1: 30% Liquidity Incentives 50% Deepen the liquidity of $O3 tokens on Arbitrum 10% Build & develop O3 Swap in the Arbitrum Ecosystem 10% Community building and governance of O3 Labs

Option 2: 40% Liquidity Incentives 45% Deepen the liquidity of $O3 tokens on Arbitrum 10% Build & develop O3 Swap in the Arbitrum Ecosystem 5% Community building and governance of O3 Labs