Link to Application

https://forum.arbitrum.foundation/t/perpy-ltipp-application-draft/21849

Council - 3/3 Yes Votes

Feedback

404 Feedback) Overall, we felt this was a reasonable ask with a very detailed execution plan that incentives and attracts users in a couple different ways. While Perpy’s product usage given its age is a concern, they have presented co-contributions and have given detailed KPI’s and milestones that target attracting new users. Given their team history and commitment to Arbitrum, we have decided to support this application.

Karel Feedback) "Vote FOR Perpy's proposal.

Detailed proposal and novel product/approach. Grant ask after lowering is well justified and aligned with their execution strategy to hit target milestones/KPIs. Furthermore, given composability of protocol + existing/future partnerships with Arbitrum protocols, can lead to furthering a flywheel on Arbitrum."

GMX Feedback) Perpy's application presents a comprehensive overview, with a clear execution strategy outlined. Additionally, Perpy has proposed co-contributions, which are expected to aid in achieving the specified milestones and KPIs. The grant will be utilized to reward traders based on performance, introducing innovation to this segment of the market cycle. Despite the team's relatively short track record, they have demonstrated effective execution of strategies in the past. Therefore, we are in favor of supporting this application.