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Pear Protocol LTIPP Council Recommended Proposal

avatar
Arbitrum by
princetonbc.eth
on
April 8, 2024, 10:04 PM

Link to Application

https://forum.arbitrum.foundation/t/pear-protocol-ltipp-application-draft/21708

Council - 3/3 Yes Votes

Feedback

404 Feedback) Pear Protocol presents a product that is novel to Arbitrum and successfully leverages other protocols in the ecosystem. They have justified their grant request with a detailed execution strategy and solid KPIs. We felt like their application could have provided more detailed milestones and the distribution of the incentives is a concern as they will likely end up in the hands of a few users. However, this is a protocol with history of building on Arbitrum and we believe incentivizing its full public launch will improve Arbitrum’s competitiveness.

Wintermute Feedback) This application was good and scored decently across some criteria. Their product is unique and we like that it is built on top of existing protocols. They had some solid justification and calculation of KPIs, milestones, and goals, however, their estimations don’t really justify their grant size given the protocol’s current usage.

They could’ve also improved on their incentive design allocating some rewards to running trading competitions (which actively drive user engagement).

While we are aware the protocol is in a private beta, looking at their Dune dashboard there is 1 active daily users indicating very low signs of adoption. We would typically be against supporting an application of this size and grant request, however, their milestone ARB unlocks provide sufficient protection for the DAO.

We will be supporting this application.

Karel Feedback) "Vote FOR Pear Protocol's proposal.

Well-written proposal that scored moderately well on the rubric. Innovative product that is composable with other Arbitrum protocols (liquidity agnostic). Despite being in closed beta, they have seen decent usage. Protocol was supposed to launch into full public launch on March 29 but have not seen any updated information on progress here. Proposal could have benefited from bettter distribution mechanisms (ie. capped per user) and more detailed milestones to also drive user metrics on top of TVL. For this proposal going to the DAO."

Warning

Exercise caution when exploring DAO proposals. Proposals can be submitted by any member of the community so there's an inherent risk of encountering scams or deceptive links. Always critically assess the validity of each proposal and its links before taking action.
start
April 9, 2024
12:00 AM
end
April 16, 2024
12:00 AM

Voting type
basic
Votes
168,531,597

Final Votes
closed

For
167.8M ARB
99.55%
Against
204.4K ARB
0.12%
Abstain
548.3K ARB
0.33%