Proposal

Arbitrum by 0xd333Bc5c9670C9cEb18f9A2CF02C6E86807a8227 on April 25, 2024 at 10:18 AM

Bedrock is submitting an amended proposal per the Clarified Process for Non-Council Recommended Applications.

In summary, Bedrock submitted a proposal to run an incentive program to encourage massive TVL growth $25m on Arbitrum, Defi integrations, and DeFi activity. 100% of the LTIPP grant will be used to incentivize users to restake on Arbitrum, provide LP into various DeFi protocols, and engage in other DeFi activities.The initial proposal did not pass the initial process by one vote with the feedback focusing on only two issues:

A large ask (510k ARB)
Too few details on how the grant distribution will occur and how stickiness post incentive period will be achieved.

Bedrock has now made amendments to the initial proposal, including:

A reduced ask of 262k ARB
A much more detailed and comprehensive approach to distribution, including the breakdown for different protocols and categories, based on both TVL and timeline.
A more detailed section explaining how stickiness can be achieved not only to encourage success of this campaign, but to ensure continued growth well beyond the initial 12 weeks.

Link to Application Revisions: https://forum.arbitrum.foundation/t/bedrock-ltipp-application-final/21865/6?u=gandalf

Overview

Voting

off-chain

Type

single-choice

Start

April 25, 2024 at 10:18 AM

End

May 2, 2024 at 10:18 AM

Votes

133,333,147

Voters

19,588

Final Votes

closed

For

114M ARB

85.32%

Against

88K ARB

0.07%

Abstain

19M ARB

14.61%

item label

DAO proposal title

DAO name by 0x000000000000000000 on 1716206916110

About Voters Analytics

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Overview

Voting

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Type

item value

Start

item value

End

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Votes

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Voters

item value

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%

Bedrock - LTIPP [Post Council Feedback]

Warning

DAO proposal title

Warning

Bedrock - LTIPP [Post Council Feedback]

Warning