Profile of barbarossa_Arrakis in Optimism
Posts by barbarossa_Arrakis
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[DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
by barbarossa_Arrakis - No Role
Posted on: Nov. 4, 2022, 2:59 p.m.
Content: Thanks for the recommendation and it’s really appreciated :pray: We will work on the items pointed out and bring a more polished proposal to the next cycle.
Likes: 1
Replies: 0
No replies yet.
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[DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
by barbarossa_Arrakis - No Role
Posted on: Nov. 4, 2022, 10:59 a.m.
Content: Thanks for the recommendation and it’s really appreciated :pray:
We will work on the items pointed out and bring a more polished proposal to the next cycle.
Likes: 1
Replies: 0
No replies yet.
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[DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
by barbarossa_Arrakis - No Role
Posted on: Oct. 30, 2022, 1:18 p.m.
Content: We have yet to make a detailed framework for decisions like this, but the easiest would be distributing $OP evenly among cohorts during each stage of the onboarding. Arrakis therefore can also improve the distribution mechanism via the iteration of each stage.
Likes: 0
Replies: 0
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[DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
by barbarossa_Arrakis - No Role
Posted on: Oct. 30, 2022, 9:18 a.m.
Content: We have yet to make a detailed framework for decisions like this, but the easiest would be distributing $OP evenly among cohorts during each stage of the onboarding. Arrakis therefore can also improve the distribution mechanism via the iteration of each stage.
Likes: 0
Replies: 0
No likes yet.
No replies yet.
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Voting Cycle #8: Roundup
by barbarossa_Arrakis - No Role
Posted on: Oct. 25, 2022, 6:59 p.m.
Content: Proposal: Arrakis Finance Proposal: [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance 9 Committee to Review: DeFi Delegate Approval 1 : [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance - # 3 by mastermojo 1 Delegate Approval 2 : [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance - # 6 by Exosphere 3
Likes: 0
Replies: 0
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[DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
by barbarossa_Arrakis - No Role
Posted on: Oct. 25, 2022, 3:27 p.m.
Content: The hero that we don’t deserve :smiling_face_with_tear: :heart: Synthetix for life ser
Likes: 2
Replies: 1
Replies:
- mastermojo: Make sure you guys post here now: Voting Cycle #8: Roundup
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[DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
by barbarossa_Arrakis - No Role
Posted on: Oct. 25, 2022, 3:26 p.m.
Content: Thank you for the thoughtful response :+ 1 : I’ll address the comments one by one as these are valid questions and constructive suggestions. ScaleWeb 3 : Do you still collaborate with Lyra, Thales etc.? Why did your TVL on Optimism go down? Did your focus shift back to Ethereum l 1 ? We still manage the liquidity for those protocols on Optimism plus the others displayed on our UI, and are actively expanding our footprint. Having said that, there are multiple reasons why the TVL, not only on Optimism, but also mainnet has shrunk over the past couple of months. One major reason is the market down turn all networks are experiencing. Furthermore, the DeFi space becomes ever more competitive for the already scarce liquidity. With respect to Optimism specifically, the trading volume on UniV 3 on Optimism has been rather small compared with the mainnet, which subsequently causes protocols to focus more on where the bulk of the volume is, i.e. mainnet UniV 3 . Arrakis on the other hand has no bias regarding which network we’d pay more attention to, as long as there is a demand for liquidity management service, we will go there. This demand just happens to somewhat correlate with volume as well. ScaleWeb 3 : However, this proposal looks a bit like a blank cheque with missing details on specific pairs, amounts per project, etc. which makes it hard to support in its current shape. Do you already have an idea for specific projects that you’d like to help with concentrated LM? As stated in the proposal, we want to encourage new entrants to Optimism, which can either be existing protocols that haven’t expanded to Optimism yet, or protocols that can potentially be Optimism native projects. All of that leads to our decision of having an application process in place for protocols that would like to start their journey on Optimism. Indeed, we can also just easily do an LM for some majors which may also attract liquidity to the network. But that would be a waste of resources as Uniswap governance already decided to conduct their own LM with $OP received for major pairs, and we on the other hand believe that more $OP distribution should be in the hands of newer protocols that are more committed to the network. So basically we try to achieve 3 goals with our proposal: Increase the overall TVL for Optimism Further decentralize the distribution of $OP Incentivize more protocols to expand / initiate on Optimism. ScaleWeb 3 : Protocol owned liquidity is much more sustainable than liquidity incentives for end-users. Fully agreed. Arrakis PALM is intended for protocol owned liquidity. Maybe some confusions here need to be cleared out. When we say PALM is a liquidity bootstrapping strategy, it means that it helps protocols bootstrap base asset by leveraging the concentrated liquidity feature, rather than other incentives. A protocol can provide the initial liquidity in a skewed ratio between its native token and base asset, e.g. 10 / 90 , and PALM will gradually pull that to 50 / 50 . The $OP token we apply for is to incentivize protocols to try this innovative approach to bootstrap liquidity, i.e. base assets. The initial liquidity shall come from protocols themselves, hence POL. ScaleWeb 3 : we do not yet see the connection to Optimism governance participation and further distribution to end-users. This sounds a bit like an unnecessary airdrop to parties that might not care? It is true that that “connection” is yet to be seen. However, it also seems to be an inevitable first step towards a decentralized governance. A compromise can be made that all $OP received by protocols will be staked or delegated. ScaleWeb 3 : Consequently, don’t you think it would be better for Optimism to loan Op to Arrakis & projects to establish liquidity but ultimately get it back? I suppose that this implies $OP will act as a base asset in a trading pair. Though it’s possible to construct a set of terms for such arrangement, the downside of it would be limiting both the number of protocols that can participate and the amount of liquidity each of them can tap into, since a significant amount of $OP would have to be granted in order to make it meaningful. Besides, as much as we love Optimism, $OP token hasn’t achieved the base asset status yet, given its own liquidity and volatility.
Likes: 1
Replies: 0
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Voting Cycle #8: Roundup
by barbarossa_Arrakis - No Role
Posted on: Oct. 25, 2022, 2:59 p.m.
Content:
Proposal: Arrakis Finance
Proposal: [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance 9
Committee to Review: DeFi
Delegate Approval 1 : [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance - # 3 by mastermojo 1
Delegate Approval 2 : [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance - # 6 by Exosphere 3
Likes: 0
Replies: 0
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Voting Cycle #8: Roundup
by barbarossa_Arrakis - No Role
Posted on: Oct. 25, 2022, 2:59 p.m.
Content:
Proposal: Arrakis Finance
Proposal: [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
Committee to Review: DeFi
Delegate Approval 1 : [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance - # 3 by mastermojo
Delegate Approval 2 : [DRAFT] [GF: Phase 1 Proposal] Arrakis Finance - # 6 by Exosphere
Likes: 0
Replies: 0
No likes yet.
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[DRAFT] [GF: Phase 1 Proposal] Arrakis Finance
by barbarossa_Arrakis - No Role
Posted on: Oct. 25, 2022, 11:27 a.m.
Content: The hero that we don’t deserve :smiling_face_with_tear: :heart:
Synthetix for life ser
Likes: 2
Replies: 1
Replies:
- mastermojo: Make sure you guys post here now: Voting Cycle #8: Roundup
