Clipper - LTIPP [Post Council Feedback]

Summary

Clipper is submitting an amended proposal per the Clarified Process for Non-Council Recommended Applications. Clipper’s original LTIPP proposal for 249,004 ARB included components for Liquidity Mining and incentives for Clipper User Migration to Arbitrum. This proposal was rejected in a 3-2 decision. The judges highlighted three areas where Clipper’s application could be improved:

Three expressed concern that the requested liquidity mining grant size is too large relative to Clipper’s current TVL.
Three said the execution plan/milestones is sparse.
One said the data seems hard to believe, and think the applicant conflates an address with being a unique user.

Clipper has made revisions to the initial proposal:

Amended the application to 174,308 ARB from 249,004 ARB
In particular, Clipper decreased the liquidity mining component request by 40%, to 74,308 ARB from 123,846 ARB
Added specific milestones for each component including specifically user acquisition targets

Application Revisions have been posted to the Arbitrum forum:

https://forum.arbitrum.foundation/t/clipper-ltipp-application-draft/21726/5

Link to Original Application

https://forum.arbitrum.foundation/t/clipper-ltipp-application-draft/21726/5

Milestones

Per the judge’s feedback, Clipper has enhanced its execution plan and added monthly milestones to improve accountability.

Liquidity Farming

Total Duration: 12 weeks (10 weeks + 2 weeks setup)

Timeline: Once the grant is received, the team will need 2 weeks (maximum) to deploy and fund the farming pool contract on Arbitrum. This technology is already battle-tested since we’ve used it for past incentive programs on other chains.

After this, the program will begin and incentives will be distributed gradually over the course of 10 weeks.

Month 1: ARB Farming contract is live, TVL has risen 25% from baseline;
Month 2: TVL has risen 60% from baseline
Month 3: TVL has risen 100% from baseline

User & TVL Migration

Total Duration: 12 weeks (10 weeks + 2 weeks setup)

Timeline: This program will begin on the same day the liquidity farming program begins, so as to create the dual-reward incentive. Rewards will be distributed to LPs upon migration to Arbitrum, for the duration of the 12-week program. The key milestone for this program will be achieving the target 5% conversion rate. A mid-point milestone will be achieving a 2.5% conversion rate.

Month 1: Airdrop is executed and more than 50% claimed; 1,000 Clipper LPs have successfully migrated to Arbitrum pool.
Month 2: Airdrop is >75% claimed; 2,500 Clipper LPs have successfully migrated to Arbitrum pool.
Month 3: Airdrop is >90% claimed; 4,000 Clipper LPs have successfully migrated to Arbitrum pool.

start

April 26, 2024

2:17 PM

end

May 3, 2024

2:17 PM

Voting

off-chain

Voting type

single-choice

Voters

18,257

Votes

144,342,966

Final Votes

closed

For

104.9M ARB

72.68%

Against

11.7M ARB

8.11%

Abstain

27.7M ARB

19.21%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet consectetur adipisicing elit. Veniam maxime tenetur saepe, debitis quae quos vitae cum obcaecati recusandae suscipit magni delectus sit animi quam veritatis aut, numquam illo voluptatem! Lorem ipsum dolor sit amet consectetur adipisicing elit. Veniam maxime tenetur saepe, debitis quae quos vitae cum obcaecati recusandae suscipit magni delectus sit animi quam veritatis aut, numquam illo voluptatem!

Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%