Summary Sushi is submitting an amended proposal per the Clarified Process for Non-Council Recommended Applications.
This proposal aimed to allocate 100% of the LTIPP grant to the onboard new LP’s to arbitrum and Incentive Liquidity Provision on sushi
The full proposal can be found here: https://forum.arbitrum.foundation/t/sushi-ltipp-application-final/21567?u=sushi New Proposal : https://forum.arbitrum.foundation/t/sushi-ltipp-application-final/21567/20?u=sushi Request : 650K ARB (Reduced From 1.2M ARB)
Summary :
SushiSwap has fine-tuned their LTIPP grant proposal following extensive input from the Arbitrum Council. In their dedication to harmonize with Arbitrum's standards and community, sushi has slashed the initial grant request by half and sharpened their strategic goals to onboard new liquidity Provision on arbitrum
Key Adjustments:
Grant Size Reduction: From 1,200,000 $ARB to 650,000 $ARB to address council concerns about the original grant size and ensure responsible allocation of resources.
Focused Objectives:
Liquidity Mining for Blue chip v3 Pairs - 250K ARB
Liquidity Mining for New Token V3 Pairs - 250K ARB
Liquidity Mining Incentive via ecosystem protocols - 150K
Mainly concentrated on attracting new liquidity, boosting trading volumes, and adding new users to Sushi through the LPDFI narrative.
Conclusion:
The revamped proposal from Sushi closely aligns with Arbitrum's vision for growth and pioneering advancements. Through a reduction in the requested amount and a concentrated focus on essential performance benchmarks, Sushi reaffirms its commitment to illustrating the project's value and impact within the ecosystem