Project Name:
Hundred Finance
Author Name:
Hundred Finance
Number of OP tokens requested:
300 , 000 OP
L 2 Recipient Address:
0 x 641 f 26 c 67 A 5 D 0829 Ae 61019131093 B 6 a 7 c 7 d 18 a 3
Relevant Usage Metrics: (TVL, transactions, volume, unique addresses, etc.)
TVL Defi Llama 28
Transactions through platform contracts 12
Unique addresses holding hTOKENS, gauge tokens and the HND/veHND tokens
Use of borrowed funds - (As a lending protocol, we facilitate liquidity generation from held assets. This means that volume and fees generated on Optimism may be enabled by Hundred Finance, though not necessarily captured within the platform’s own metrics)
Optimism alignment (up to 200 -word explanation):
Hundred Finance is a multichain lending platform based on Compound Finance and incorporating Curve Finance’s vote-escrow tokenomics in the management of the protocol. Having launched on seven chains so far (Arbitrum, Fantom, Harmony, Moonriver, Gnosis, Optimism and Polygon, with IoTeX and Ethereum soft launched) and accumulated ~ 15 m in TVL at present, we are in an excellent position to draw users and liquidity to Optimism. This ability is complemented by our successful implementation of cross-chain mirroring enabled by Layer Zero and Multichain’s anyCall, which grants our governance token holders APR bonuses cross-chain, thus removing friction in transitioning to Optimism. We believe our potential is already evident, as our own HND emissions have drawn over $ 1 m USD in TVL to our Optimism deployment launched in March, since then providing liquidity for use on other DeFi applications.
In terms of our use case on Optimism, through incentivizing the supply of stablecoins in particular, Hundred Finance provides low borrowing APYs to those supplying bluechips. This helps grant liquidity used in Optimism’s burgeoning DeFi ecosystem. Conversely, our stablecoin market focus makes Hundred Finance an excellent tool in leveraging cryptocurrency on-chain, an objective worth pursuing as we all seek to move away from CeFi infrastructure.
Proposal for token distribution:
Hundred Finance was launched on Optimism on March 9 th, 2022 , as part of our multi-chain mission to unite the users of EVM-compatible blockchains in the pursuit of an easy to navigate and capital efficient DeFi ecosystem. In order to encourage current and new users of our borrowing and lending services to become active participants on Optimism, we believe a dual rewards program for emissions to those who supply stablecoin liquidity to our money markets will help build a strong and consistent user base that are invested in Optimism’s approach to open finance and able to take advantage of market-leading APYs on stablecoin borrowing.
We propose to achieve the above by, during the first year of our launch, including OP token emissions as part of the ongoing rewards received by liquidity providers. Those who stake stablecoins in Hundred Finance’s gauges (supplying stablecoins allows borrowing while staking receives emissions only) currently receive HND tokens based on their contribution to the total number (with vote-escrow tokenomics used to manage this distribution on a per-gauge basis). We would distribute OP tokens pro rata with these HND emissions, aligning interests by creating Optimism user incentives that grant real utility (market-leadingly low borrow APYs on stablecoins). Not only would it encourage new and established users of Hundred Finance from its current and future deployments to contribute to the Optimism ecosystem, it would also grant the existing Optimism community a venue to carry out a major DeFi functionality on an established platform while taking a strong position in our mutual protocols through the time-weighted receipt of the means of participating in the two projects’ governance systems.
How will the OP tokens be distributed?
300 , 000 OP for redistribution to Hundred Finance’s OP users in 12 tranches over the course of one year. In order to ensure ongoing contribution to Optimism, TVL-based metrics can be used to ensure incentives remain aligned.
Milestone 1 :
Duration (weeks): 4 weeks
Deliverables: Acquisition of $ 1 m USD in TVL
Funds requested: 25 , 000 OP
Milestone 2 :
Duration (weeks): 4 weeks
Deliverables: Acquisition of $ 2 m USD in TVL
Funds requested: 25 , 000 OP
Milestone 3
Duration (weeks): 4 weeks
Deliverables: Acquisition of $ 3 m USD in TVL
Funds requested: 25 , 000 OP
Milestone 4 - 12 :
Duration (weeks): Nine 4 -week periods ( 40 weeks)
Deliverables: The maintenance of at least $ 5 m USD in TVL
Funds requested: 180 , 000 OP to be distributed during the remaining nine 4 -week periods
How will this distribution incentivize usage and liquidity on Optimism?
As a lending protocol, Hundred Finance attracts users who wish to earn yield on their assets while also having the freedom to generate liquidity from borrowing other cryptocurrencies. By providing combined HND and OP emissions to those who stake stablecoins in the protocol’s gauges, we will be able to attract the liquidity to offer market-leading interest rates on stablecoin borrowing. These favorable rates will attract our own and new users from other chains who wish to generate liquid capital from cryptocurrency assets (WBTC, ETH, etc.) without the need to sell, engage in on-chain leverage trading or participate in governance through token acquisition. Our intended future implementation of cross-chain collateralization will also represent a source of liquidity generation, as it will provide an alternative means of acquiring assets on the chain without bridging (which can be done by those pursuing supply-side interest rates at scale).
Why will the incentivized users and liquidity remain after incentives dry up?
As a lending platform, Hundred Finance provides a service that underpins decentralized finance. As such, as long as the dApp offers security combined with competitive interest rates generated by lend/borrow dynamics and a thriving DeFi ecosystem developing on Optimism, we will be able to provide this fundamental service to those who wish to earn on held assets or obtain liquidity through borrowing. What is more, as our multi-chain expansion includes innovating in the mechanisms that allow the collateralization of assets across chains (supplying collateral on chain A facilitating borrowing on chain B), we will have a major advantage in broadening the number of users who consider interacting with Optimism. This reduction in friction in moving to and from Optimism will not be incentive-led, but rather convenience-led. Lastly, Hundred Finance has a conservative emissions schedule for its own token with a four-year distribution phase, which grants greater stickiness in retaining users once they’re on the platform. As is demonstrated by our other deployments, even after the conclusion of dual rewards programs conducted with collaborators, liquidity and protocol usage remains.
Over what period of time will the tokens be distributed?
48 weeks, with 25 , 000 OP tokens emitted per tranche during 12 successive 4 -week periods.
How much will your project match in co-incentives?
HND tokens are emitted on each of our chains with the objective of providing market-leading stablecoin APRs. Currently we consider that to be around 8 - 20 % APR. This yield is displayed as a range as our vote-escrow tokenomics allow users to boost their APR by up to 2 . 5 x by locking HND for our mveHND governance token. During the initial 4 -weekly periods we would boost this further through granting stablecoin gauges on Optimism the extra HND required to reach 12 - 30 % APRs, which, in combination with OP incentives, would make Hundred Finance one, if not the most, rewarding destinations for stablecoins available.
Hundred Finance, a multichain lending platform, aims to draw users and liquidity to Optimism by implementing a dual rewards program to encourage stablecoin liquidity suppliers. They plan to distribute 300,000 OP tokens to users over 48 weeks in 12 tranches. Milestones include acquiring specific TVL amounts to maintain incentivization. The distribution is intended to incentivize users to remain due to competitive interest rates and a thriving DeFi ecosystem. The project's emissions schedule and cross-chain collateralization also aim to ensure user retention.
lefterisjp: The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Just from this alone I can see a lot of integrity in your team and am inclined favorably towards your proposal.
TerraBellus:
Number of OP tokens requested:
300,000 OP
The ask sounds reasonable for your TVL and it seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
Project Name:
Hundred Finance
Author Name:
Hundred Finance
Number of OP tokens requested:
300 ,…
Project Name:
Hundred Finance
Author Name:
Hundred Finance
Number of OP tokens requested:
300 , 000 OP
L 2 Recipient Address:
0 x 641 f 26 c 67 A 5 D 0829 Ae 61019131093 B 6 a 7 c 7 d 18 a 3
Relevant Usage Metrics: (TVL, transactions, volume, unique addresses, etc.)
TVL Defi Llama
Transactions through platform contracts
Unique addresses holding hTOKENS, gauge tokens and the HND/veHND tokens
Use of borrowed funds - (As a lending protocol, we facilitate liquidity generation from held assets. This means that volume and fees generated on Optimism may be enabled by Hundred Finance, though not necessarily captured within the platform’s own metrics)
Optimism alignment (up to 200 -word explanation):
Hundred Finance is a multichain lending platform based on Compound Finance and incorporating Curve Finance’s vote-escrow tokenomics in the management of the protocol. Having launched on seven chains so far (Arbitrum, Fantom, Harmony, Moonriver, Gnosis, Optimism and Polygon, with IoTeX and Ethereum soft launched) and accumulated ~ 15 m in TVL at present, we are in an excellent position to draw users and liquidity to Optimism. This ability is complemented by our successful implementation of cross-chain mirroring enabled by Layer Zero and Multichain’s anyCall, which grants our governance token holders APR bonuses cross-chain, thus removing friction in transitioning to Optimism. We believe our potential is already evident, as our own HND emissions have drawn over $ 1 m USD in TVL to our Optimism deployment launched in March, since then providing liquidity for use on other DeFi applications.
In terms of our use case on Optimism, through incentivizing the supply of stablecoins in particular, Hundred Finance provides low borrowing APYs to those supplying bluechips. This helps grant liquidity used in Optimism’s burgeoning DeFi ecosystem. Conversely, our stablecoin market focus makes Hundred Finance an excellent tool in leveraging cryptocurrency on-chain, an objective worth pursuing as we all seek to move away from CeFi infrastructure.
Proposal for token distribution:
Hundred Finance was launched on Optimism on March 9 th, 2022 , as part of our multi-chain mission to unite the users of EVM-compatible blockchains in the pursuit of an easy to navigate and capital efficient DeFi ecosystem. In order to encourage current and new users of our borrowing and lending services to become active participants on Optimism, we believe a dual rewards program for emissions to those who supply stablecoin liquidity to our money markets will help build a strong and consistent user base that are invested in Optimism’s approach to open finance and able to take advantage of market-leading APYs on stablecoin borrowing.
We propose to achieve the above by, during the first year of our launch, including OP token emissions as part of the ongoing rewards received by liquidity providers. Those who stake stablecoins in Hundred Finance’s gauges (supplying stablecoins allows borrowing while staking receives emissions only) currently receive HND tokens based on their contribution to the total number (with vote-escrow tokenomics used to manage this distribution on a per-gauge basis). We would distribute OP tokens pro rata with these HND emissions, aligning interests by creating Optimism user incentives that grant real utility (market-leadingly low borrow APYs on stablecoins). Not only would it encourage new and established users of Hundred Finance from its current and future deployments to contribute to the Optimism ecosystem, it would also grant the existing Optimism community a venue to carry out a major DeFi functionality on an established platform while taking a strong position in our mutual protocols through the time-weighted receipt of the means of participating in the two projects’ governance systems.
How will the OP tokens be distributed?
300 , 000 OP for redistribution to Hundred Finance’s OP users in 12 tranches over the course of one year. In order to ensure ongoing contribution to Optimism, TVL-based metrics can be used to ensure incentives remain aligned.
Milestone 1 :
Duration (weeks): 4 weeks
Deliverables: Acquisition of $ 1 m USD in TVL
Funds requested: 25 , 000 OP
Milestone 2 :
Duration (weeks): 4 weeks
Deliverables: Acquisition of $ 2 m USD in TVL
Funds requested: 25 , 000 OP
Milestone 3
Duration (weeks): 4 weeks
Deliverables: Acquisition of $ 3 m USD in TVL
Funds requested: 25 , 000 OP
Milestone 4 - 12 :
Duration (weeks): Nine 4 -week periods ( 40 weeks)
Deliverables: The maintenance of at least $ 5 m USD in TVL
Funds requested: 180 , 000 OP to be distributed during the remaining nine 4 -week periods
How will this distribution incentivize usage and liquidity on Optimism?
As a lending protocol, Hundred Finance attracts users who wish to earn yield on their assets while also having the freedom to generate liquidity from borrowing other cryptocurrencies. By providing combined HND and OP emissions to those who stake stablecoins in the protocol’s gauges, we will be able to attract the liquidity to offer market-leading interest rates on stablecoin borrowing. These favorable rates will attract our own and new users from other chains who wish to generate liquid capital from cryptocurrency assets (WBTC, ETH, etc.) without the need to sell, engage in on-chain leverage trading or participate in governance through token acquisition. Our intended future implementation of cross-chain collateralization will also represent a source of liquidity generation, as it will provide an alternative means of acquiring assets on the chain without bridging (which can be done by those pursuing supply-side interest rates at scale).
Why will the incentivized users and liquidity remain after incentives dry up?
As a lending platform, Hundred Finance provides a service that underpins decentralized finance. As such, as long as the dApp offers security combined with competitive interest rates generated by lend/borrow dynamics and a thriving DeFi ecosystem developing on Optimism, we will be able to provide this fundamental service to those who wish to earn on held assets or obtain liquidity through borrowing. What is more, as our multi-chain expansion includes innovating in the mechanisms that allow the collateralization of assets across chains (supplying collateral on chain A facilitating borrowing on chain B), we will have a major advantage in broadening the number of users who consider interacting with Optimism. This reduction in friction in moving to and from Optimism will not be incentive-led, but rather convenience-led. Lastly, Hundred Finance has a conservative emissions schedule for its own token with a four-year distribution phase, which grants greater stickiness in retaining users once they’re on the platform. As is demonstrated by our other deployments, even after the conclusion of dual rewards programs conducted with collaborators, liquidity and protocol usage remains.
Over what period of time will the tokens be distributed?
48 weeks, with 25 , 000 OP tokens emitted per tranche during 12 successive 4 -week periods.
How much will your project match in co-incentives?
HND tokens are emitted on each of our chains with the objective of providing market-leading stablecoin APRs. Currently we consider that to be around 8 - 20 % APR. This yield is displayed as a range as our vote-escrow tokenomics allow users to boost their APR by up to 2 . 5 x by locking HND for our mveHND governance token. During the initial 4 -weekly periods we would boost this further through granting stablecoin gauges on Optimism the extra HND required to reach 12 - 30 % APRs, which, in combination with OP incentives, would make Hundred Finance one, if not the most, rewarding destinations for stablecoins available.
lefterisjp: The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Just from this alone I can see a lot of integrity in your team and am inclined favorably towards your proposal.
TerraBellus:
Number of OP tokens requested:
300,000 OP
The ask sounds reasonable for your TVL and it seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
I think this is a more than reasonable request from Hundred Finance. They have proven to be a stron…
I think this is a more than reasonable request from Hundred Finance. They have proven to be a strong community-oriented protocol. The team is also dedicated to the project hence I 100 % this proposal.
Glad to see a proposal from Hundred, team and market fit is top tier therefore i think the distribu…
Glad to see a proposal from Hundred, team and market fit is top tier therefore i think the distribution would go to great use.
The OP emission schedule seems cumbersome, is it not easier to simply setup a mutli-sig wallet, and…
The OP emission schedule seems cumbersome, is it not easier to simply setup a mutli-sig wallet, and add an OP community rep to release the funds that way?
Project Name: Hundred Finance Author Name: Hundred Finance Number of OP tokens requested: 300 ,…
Project Name: Hundred Finance Author Name: Hundred Finance Number of OP tokens requested: 300 , 000 OP L 2 Recipient Address: 0 x 641 f 26 c 67 A 5 D 0829 Ae 61019131093 B 6 a 7 c 7 d 18 a 3 Relevant Usage Metrics: (TVL, transactions, volume, unique addresses, etc.) TVL Defi Llama 26 Transactions through platform contracts 11 Unique addresses holding hTOKENS, gauge tokens and the HND/veHND tokens Use of borrowed funds - (As a lending protocol, we facilitate liquidity generation from held assets. This means that volume and fees generated on Optimism may be enabled by Hundred Finance, though not necessarily captured within the platform’s own metrics) Optimism alignment (up to 200 -word explanation): Hundred Finance is a multichain lending platform based on Compound Finance and incorporating Curve Finance’s vote-escrow tokenomics in the management of the protocol. Having launched on seven chains so far (Arbitrum, Fantom, Harmony, Moonriver, Gnosis, Optimism and Polygon, with IoTeX and Ethereum soft launched) and accumulated ~ 15 m in TVL at present, we are in an excellent position to draw users and liquidity to Optimism. This ability is complemented by our successful implementation of cross-chain mirroring enabled by Layer Zero and Multichain’s anyCall, which grants our governance token holders APR bonuses cross-chain, thus removing friction in transitioning to Optimism. We believe our potential is already evident, as our own HND emissions have drawn over $ 1 m USD in TVL to our Optimism deployment launched in March, since then providing liquidity for use on other DeFi applications. In terms of our use case on Optimism, through incentivizing the supply of stablecoins in particular, Hundred Finance provides low borrowing APYs to those supplying bluechips. This helps grant liquidity used in Optimism’s burgeoning DeFi ecosystem. Conversely, our stablecoin market focus makes Hundred Finance an excellent tool in leveraging cryptocurrency on-chain, an objective worth pursuing as we all seek to move away from CeFi infrastructure. Proposal for token distribution: Hundred Finance was launched on Optimism on March 9 th, 2022 , as part of our multi-chain mission to unite the users of EVM-compatible blockchains in the pursuit of an easy to navigate and capital efficient DeFi ecosystem. In order to encourage current and new users of our borrowing and lending services to become active participants on Optimism, we believe a dual rewards program for emissions to those who supply stablecoin liquidity to our money markets will help build a strong and consistent user base that are invested in Optimism’s approach to open finance and able to take advantage of market-leading APYs on stablecoin borrowing. We propose to achieve the above by, during the first year of our launch, including OP token emissions as part of the ongoing rewards received by liquidity providers. Those who stake stablecoins in Hundred Finance’s gauges (supplying stablecoins allows borrowing while staking receives emissions only) currently receive HND tokens based on their contribution to the total number (with vote-escrow tokenomics used to manage this distribution on a per-gauge basis). We would distribute OP tokens pro rata with these HND emissions, aligning interests by creating Optimism user incentives that grant real utility (market-leadingly low borrow APYs on stablecoins). Not only would it encourage new and established users of Hundred Finance from its current and future deployments to contribute to the Optimism ecosystem, it would also grant the existing Optimism community a venue to carry out a major DeFi functionality on an established platform while taking a strong position in our mutual protocols through the time-weighted receipt of the means of participating in the two projects’ governance systems. How will the OP tokens be distributed? 300 , 000 OP for redistribution to Hundred Finance’s OP users in 12 tranches over the course of one year. In order to ensure ongoing contribution to Optimism, TVL-based metrics can be used to ensure incentives remain aligned. Milestone 1 : Duration (weeks): 4 weeks Deliverables: Acquisition of $ 1 m USD in TVL Funds requested: 25 , 000 OP Milestone 2 : Duration (weeks): 4 weeks Deliverables: Acquisition of $ 2 m USD in TVL Funds requested: 25 , 000 OP Milestone 3 Duration (weeks): 4 weeks Deliverables: Acquisition of $ 3 m USD in TVL Funds requested: 25 , 000 OP Milestone 4 - 12 : Duration (weeks): Nine 4 -week periods ( 40 weeks) Deliverables: The maintenance of at least $ 5 m USD in TVL Funds requested: 180 , 000 OP to be distributed during the remaining nine 4 -week periods How will this distribution incentivize usage and liquidity on Optimism? As a lending protocol, Hundred Finance attracts users who wish to earn yield on their assets while also having the freedom to generate liquidity from borrowing other cryptocurrencies. By providing combined HND and OP emissions to those who stake stablecoins in the protocol’s gauges, we will be able to attract the liquidity to offer market-leading interest rates on stablecoin borrowing. These favorable rates will attract our own and new users from other chains who wish to generate liquid capital from cryptocurrency assets (WBTC, ETH, etc.) without the need to sell, engage in on-chain leverage trading or participate in governance through token acquisition. Our intended future implementation of cross-chain collateralization will also represent a source of liquidity generation, as it will provide an alternative means of acquiring assets on the chain without bridging (which can be done by those pursuing supply-side interest rates at scale). Why will the incentivized users and liquidity remain after incentives dry up? As a lending platform, Hundred Finance provides a service that underpins decentralized finance. As such, as long as the dApp offers security combined with competitive interest rates generated by lend/borrow dynamics and a thriving DeFi ecosystem developing on Optimism, we will be able to provide this fundamental service to those who wish to earn on held assets or obtain liquidity through borrowing. What is more, as our multi-chain expansion includes innovating in the mechanisms that allow the collateralization of assets across chains (supplying collateral on chain A facilitating borrowing on chain B), we will have a major advantage in broadening the number of users who consider interacting with Optimism. This reduction in friction in moving to and from Optimism will not be incentive-led, but rather convenience-led. Lastly, Hundred Finance has a conservative emissions schedule for its own token with a four-year distribution phase, which grants greater stickiness in retaining users once they’re on the platform. As is demonstrated by our other deployments, even after the conclusion of dual rewards programs conducted with collaborators, liquidity and protocol usage remains. Over what period of time will the tokens be distributed? 48 weeks, with 25 , 000 OP tokens emitted per tranche during 12 successive 4 -week periods. How much will your project match in co-incentives? HND tokens are emitted on each of our chains with the objective of providing market-leading stablecoin APRs. Currently we consider that to be around 8 - 20 % APR. This yield is displayed as a range as our vote-escrow tokenomics allow users to boost their APR by up to 2 . 5 x by locking HND for our mveHND governance token. During the initial 4 -weekly periods we would boost this further through granting stablecoin gauges on Optimism the extra HND required to reach 12 - 30 % APRs, which, in combination with OP incentives, would make Hundred Finance one, if not the most, rewarding destinations for stablecoins available.
lefterisjp: The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Just from this alone I can see a lot of integrity in your team and am inclined favorably towards your proposal.
TerraBellus:
Number of OP tokens requested:
300,000 OP
The ask sounds reasonable for your TVL and it seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
I think this is a more than reasonable request from Hundred Finance. They have proven to be a stron…
I think this is a more than reasonable request from Hundred Finance. They have proven to be a strong community-oriented protocol. The team is also dedicated to the project hence I 100 % this proposal.
Glad to see a proposal from Hundred, team and market fit is top tier therefore i think the distribu…
Glad to see a proposal from Hundred, team and market fit is top tier therefore i think the distribution would go to great use.
The OP emission schedule seems cumbersome, is it not easier to simply setup a mutli-sig wallet, and…
The OP emission schedule seems cumbersome, is it not easier to simply setup a mutli-sig wallet, and add an OP community rep to release the funds that way?
Hi @TerraBellus , thank you submitting your proposal.
You TVL on OP chain is $ 410 K and token requ…
Hi @TerraBellus , thank you submitting your proposal.
You TVL on OP chain is $ 410 K and token request is around $ 150 K which seems reasonable, this might give your platform a jump start with liquidity.
Help me understand this, you will only distribute second weeks 25 K OP token when first week TVL is achieved, right ? What are you planning to do with the OP token when the said TVL is not achieved during that time frame?
TerraBellus: Thank you for bringing this up (you too, @Justin).
If the TVL target for the first four-week period is not met within that period then we would not begin distributing the next tranche of 25k OP. If we got over $1m USD TVL during that period (at any point according to DefiLlama), then the next tranche would be released. This approach would be maintained during each subsequent four-week period.
The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Hi @TerraBellus , thank you submitting your proposal. You TVL on OP chain is $ 410 K and token requ…
Hi @TerraBellus , thank you submitting your proposal. You TVL on OP chain is $ 410 K and token request is around $ 150 K which seems reasonable, this might give your platform a jump start with liquidity. Help me understand this, you will only distribute second weeks 25 K OP token when first week TVL is achieved, right ? What are you planning to do with the OP token when the said TVL is not achieved during that time frame?
TerraBellus: Thank you for bringing this up (you too, @Justin).
If the TVL target for the first four-week period is not met within that period then we would not begin distributing the next tranche of 25k OP. If we got over $1m USD TVL during that period (at any point according to DefiLlama), then the next tranche would be released. This approach would be maintained during each subsequent four-week period.
The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
This plan incentivizes usage and liquidity. It also holds itself accountable through milestones. …
This plan incentivizes usage and liquidity. It also holds itself accountable through milestones. @TerraBellus - If you don’t hit your TVL targets, will you return the tokens? I would support this regardless of your answer simply because noone else is making promises like this, so i wouldn’t want to hold you to a standard above others. However, if your answer is yes, than the structure of this proposal is easily the most aligned with the best interests of Optimism. (in this small token holders’ opinion).
This plan incentivizes usage and liquidity. It also holds itself accountable through milestones. …
This plan incentivizes usage and liquidity. It also holds itself accountable through milestones. @TerraBellus - If you don’t hit your TVL targets, will you return the tokens? I would support this regardless of your answer simply because noone else is making promises like this, so i wouldn’t want to hold you to a standard above others. However, if your answer is yes, than the structure of this proposal is easily the most aligned with the best interests of Optimism. (in this small token holders’ opinion).
Thank you for bringing this up (you too, @Justin).
If the TVL target for the first four-week period…
Thank you for bringing this up (you too, @Justin).
If the TVL target for the first four-week period is not met within that period then we would not begin distributing the next tranche of 25 k OP. If we got over $ 1 m USD TVL during that period (at any point according to DefiLlama), then the next tranche would be released. This approach would be maintained during each subsequent four-week period.
The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Justin: @TerraBellus That’s great! Solid proposal, looking forward to voting for this!
lefterisjp: The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Just from this alone I can see a lot of integrity in your team and am inclined favorably towards your proposal.
TerraBellus:
Number of OP tokens requested:
300,000 OP
The ask sounds reasonable for your TVL and it seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
OPUser: Thank you for the explanation. You will have support, will write a proper response to all my approval/rejection by Monday.
Thank you for bringing this up (you too, @Justin). If the TVL target for the first four-week period…
Thank you for bringing this up (you too, @Justin). If the TVL target for the first four-week period is not met within that period then we would not begin distributing the next tranche of 25 k OP. If we got over $ 1 m USD TVL during that period (at any point according to DefiLlama), then the next tranche would be released. This approach would be maintained during each subsequent four-week period. The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Justin: @TerraBellus That’s great! Solid proposal, looking forward to voting for this!
lefterisjp: The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Just from this alone I can see a lot of integrity in your team and am inclined favorably towards your proposal.
TerraBellus:
Number of OP tokens requested:
300,000 OP
The ask sounds reasonable for your TVL and it seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
OPUser: Thank you for the explanation. You will have support, will write a proper response to all my approval/rejection by Monday.
The way we look at it, unless the OP emission is contributing to key performance indicators then w…
The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP.
Just from this alone I can see a lot of integrity in your team and am inclined favorably towards your proposal.
TerraBellus:
Number of OP tokens requested:
300 , 000 OP
The ask sounds reasonable for your TVL and it seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
TerraBellus: lefterisjp:
[I]t seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
Yes, this is approximately correct, though 48 weeks total (12 x 4 weeks) rather than the 52 weeks that make up a year. I’ve updated the “Over what time period…” answer to reflect this and avoid potential confusion.
Thank you for the explanation. You will have support, will write a proper response to all my approv…
Thank you for the explanation. You will have support, will write a proper response to all my approval/rejection by Monday.
The way we look at it, unless the OP emission is contributing to key performance indicators then w…
The way we look at it, unless the OP emission is contributing to key performance indicators then we don’t see that maintaining the distribution would have merit. In which case, we’d reach out to the Optimism team to discuss returning the OP. Just from this alone I can see a lot of integrity in your team and am inclined favorably towards your proposal. TerraBellus: Number of OP tokens requested: 300 , 000 OP The ask sounds reasonable for your TVL and it seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
TerraBellus: lefterisjp:
[I]t seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
Yes, this is approximately correct, though 48 weeks total (12 x 4 weeks) rather than the 52 weeks that make up a year. I’ve updated the “Over what time period…” answer to reflect this and avoid potential confusion.
Thank you for the explanation. You will have support, will write a proper response to all my approv…
Thank you for the explanation. You will have support, will write a proper response to all my approval/rejection by Monday.
lefterisjp:
[I]t seems it will all be used as emissions to incentivize LPs in in 12 tranches…
lefterisjp:
[I]t seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right?
Yes, this is approximately correct, though 48 weeks total ( 12 x 4 weeks) rather than the 52 weeks that make up a year. I’ve updated the “Over what time period…” answer to reflect this and avoid potential confusion.
OPUser: this is not live for voting in this phase, right ?
lefterisjp: I am going to be voting in favor.
I like the targets the team has set, the ethos of the proposal (setting performance indicators which if not met they will return the OP) and the fact the amount is quite reasonable for the TVL and duration (2 years)
Also the fact it has co-incentives by the team.
lefterisjp: [I]t seems it will all be used as emissions to incentivize LPs in in 12 tranches…
lefterisjp: [I]t seems it will all be used as emissions to incentivize LPs in in 12 tranches over a whole year, right? Yes, this is approximately correct, though 48 weeks total ( 12 x 4 weeks) rather than the 52 weeks that make up a year. I’ve updated the “Over what time period…” answer to reflect this and avoid potential confusion.
OPUser: this is not live for voting in this phase, right ?
lefterisjp: I am going to be voting in favor.
I like the targets the team has set, the ethos of the proposal (setting performance indicators which if not met they will return the OP) and the fact the amount is quite reasonable for the TVL and duration (2 years)
Also the fact it has co-incentives by the team.
We moved it to [READY] on the 24 th so we’re hoping for it to be voted on in the next cycle.
We moved it to [READY] on the 24 th so we’re hoping for it to be voted on in the next cycle.
We moved it to [READY] on the 24 th so we’re hoping for it to be voted on in the next cycle.
We moved it to [READY] on the 24 th so we’re hoping for it to be voted on in the next cycle.
Voting in favor. Reasonable ask and hundred finance is a relatively proven protocol - this should h…
Voting in favor. Reasonable ask and hundred finance is a relatively proven protocol - this should help them establish solid usage on Optimism. Good chance users stick around as HND emissions will be ongoing.
Voting in favor. Reasonable ask and hundred finance is a relatively proven protocol - this should h…
Voting in favor. Reasonable ask and hundred finance is a relatively proven protocol - this should help them establish solid usage on Optimism. Good chance users stick around as HND emissions will be ongoing.
I am going to be voting in favor.
I like the targets the team has set, the ethos of the proposal (s…
I am going to be voting in favor.
I like the targets the team has set, the ethos of the proposal (setting performance indicators which if not met they will return the OP) and the fact the amount is quite reasonable for the TVL and duration ( 2 years)
Also the fact it has co-incentives by the team.
I am going to be voting in favor. I like the targets the team has set, the ethos of the proposal (s…
I am going to be voting in favor. I like the targets the team has set, the ethos of the proposal (setting performance indicators which if not met they will return the OP) and the fact the amount is quite reasonable for the TVL and duration ( 2 years) Also the fact it has co-incentives by the team.
Voted: Yes
Usually I am not a big fan of just LP rewards but this proposal is also applying differe…
Voted: Yes
Usually I am not a big fan of just LP rewards but this proposal is also applying different approach just like Kromatika.
Milestone based incentive
Duration of distribution is good with respect to number of token requested
Co-incentive are provided
Suggestion:
For proposal focusing on LP, I would encourage them to match the incentive 1 : 1
Voted: Yes Usually I am not a big fan of just LP rewards but this proposal is also applying differe…
Voted: Yes Usually I am not a big fan of just LP rewards but this proposal is also applying different approach just like Kromatika. Milestone based incentive Duration of distribution is good with respect to number of token requested Co-incentive are provided Suggestion: For proposal focusing on LP, I would encourage them to match the incentive 1 : 1
I will be voting YES, I like the approach to the milestone incentives and the distribution plan see…
I will be voting YES, I like the approach to the milestone incentives and the distribution plan seems okay.
I will be voting YES, I like the approach to the milestone incentives and the distribution plan see…
I will be voting YES, I like the approach to the milestone incentives and the distribution plan seems okay.
I like that the incentives are based on KPI results, hope more projects consider it. Checks all the…
I like that the incentives are based on KPI results, hope more projects consider it. Checks all the other boxes - reasonable ask, longer term outlook, co-incentives etc. However, I’d argue 12 %- 30 % APRs is more of a sign of lack of adoption - I hope to see higher TVLs and APRs stabilize at a sustainable rate.
I like that the incentives are based on KPI results, hope more projects consider it. Checks all the…
I like that the incentives are based on KPI results, hope more projects consider it. Checks all the other boxes - reasonable ask, longer term outlook, co-incentives etc. However, I’d argue 12 %- 30 % APRs is more of a sign of lack of adoption - I hope to see higher TVLs and APRs stabilize at a sustainable rate.
I am not a delegate, but I am an active member of the DefiLATAM and OptimismESP community.
Overall …
I am not a delegate, but I am an active member of the DefiLATAM and OptimismESP community.
Overall the proposal is reasonable and the distribution of OP tokens based on TVL and metrics seems very transparent to me. Also the protocol in a period of about 3 months has acquired a TVL of +$ 380 k in Optimism, this gives me the guideline that they are doing a good job and surely with the allocation of OP tokens they will do so as well.
I am not a delegate, but I am an active member of the DefiLATAM and OptimismESP community. Overall …
I am not a delegate, but I am an active member of the DefiLATAM and OptimismESP community. Overall the proposal is reasonable and the distribution of OP tokens based on TVL and metrics seems very transparent to me. Also the protocol in a period of about 3 months has acquired a TVL of +$ 380 k in Optimism, this gives me the guideline that they are doing a good job and surely with the allocation of OP tokens they will do so as well.
I’m voting yes on this proposal. There is already some traction and I really like that there are TV…
I’m voting yes on this proposal. There is already some traction and I really like that there are TVL milestones for the distribution of funds. This is a setup I would like to see more projects include in their proposals.
I’m voting yes on this proposal. There is already some traction and I really like that there are TV…
I’m voting yes on this proposal. There is already some traction and I really like that there are TVL milestones for the distribution of funds. This is a setup I would like to see more projects include in their proposals.
Vote:Yes
The hundred finance team aligns themselves greatly with optimism and they have shown this …
Vote:Yes
The hundred finance team aligns themselves greatly with optimism and they have shown this behavior with their promise to return the OP tokens if they identify that the extra OP tokens aren’t contributing to an increased TVL.
It is a reasonable request of 300 k tokens and they have been active on Optimism for a few months. Albeit there is only $ 400 k on Optimism they have shown signs of success and this grant can help boost TVL.
Vote:Yes The hundred finance team aligns themselves greatly with optimism and they have shown this …
Vote:Yes The hundred finance team aligns themselves greatly with optimism and they have shown this behavior with their promise to return the OP tokens if they identify that the extra OP tokens aren’t contributing to an increased TVL. It is a reasonable request of 300 k tokens and they have been active on Optimism for a few months. Albeit there is only $ 400 k on Optimism they have shown signs of success and this grant can help boost TVL.
I voted YES :white_check_mark: for this proposal.
Project value: Strong, the team shows strong inte…
I voted YES :white_check_mark: for this proposal.
Project value: Strong, the team shows strong integrity and alignment with OP from the proposal. Although never used Hundred Finance I have heard of it so seems to be a proven project
Amount: Good, amount requested is reasonable for the size of the project
OP distribution: Good, I like the tiered milestone system :+ 1 :
I voted YES :white_check_mark: for this proposal. Project value: Strong, the team shows strong inte…
I voted YES :white_check_mark: for this proposal. Project value: Strong, the team shows strong integrity and alignment with OP from the proposal. Although never used Hundred Finance I have heard of it so seems to be a proven project Amount: Good, amount requested is reasonable for the size of the project OP distribution: Good, I like the tiered milestone system :+ 1 :
Piling on to say that we’ve worked with this team, and the quality and thoroughness of this proposa…
Piling on to say that we’ve worked with this team, and the quality and thoroughness of this proposal match the thoughtfulness with which they build and partner with others. Wouldn’t have expected anything less.
Think this is an obvious proposal to support.
Piling on to say that we’ve worked with this team, and the quality and thoroughness of this proposa…
Piling on to say that we’ve worked with this team, and the quality and thoroughness of this proposal match the thoughtfulness with which they build and partner with others. Wouldn’t have expected anything less. Think this is an obvious proposal to support.
We voted yes on this proposal. This is a strong team, and we like the milestone-based system to inc…
We voted yes on this proposal. This is a strong team, and we like the milestone-based system to incentivize liquidity on Optimism.
We voted yes on this proposal. This is a strong team, and we like the milestone-based system to inc…
We voted yes on this proposal. This is a strong team, and we like the milestone-based system to incentivize liquidity on Optimism.
[Final]
Voting: No
In consultation with our community, it’s believed that the structure of the prop…
[Final]
Voting: No
In consultation with our community, it’s believed that the structure of the proposal will not contribute enough to the ecosystem, or deserves a readjustment of the requested amount.
Contribution: Standard
OP distribution: Neutral
Co-incentives: Yes
Impact in LATAM: Neutral
Suggestions: we observe that the proposal has a great acceptance in any case. But, in case of rejection, reduce the requested amount.
[Final] Voting: No In consultation with our community, it’s believed that the structure of the prop…
[Final] Voting: No In consultation with our community, it’s believed that the structure of the proposal will not contribute enough to the ecosystem, or deserves a readjustment of the requested amount. Contribution: Standard OP distribution: Neutral Co-incentives: Yes Impact in LATAM: Neutral Suggestions: we observe that the proposal has a great acceptance in any case. But, in case of rejection, reduce the requested amount.
Many thanks to all those at Optimism and among the community for your support of Hundred Finance. W…
Many thanks to all those at Optimism and among the community for your support of Hundred Finance. We look forward to being a part of the ecosystems continued growth :pray:
Many thanks to all those at Optimism and among the community for your support of Hundred Finance. W…
Many thanks to all those at Optimism and among the community for your support of Hundred Finance. We look forward to being a part of the ecosystems continued growth :pray:
@TerraBellus an you provide a Telegram handle or other contact method so the Optimism team can get …
@TerraBellus an you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant :pray:
Feel free to comment on this thread, DM, or email palash@optimism.io
@TerraBellus an you provide a Telegram handle or other contact method so the Optimism team can get …
@TerraBellus an you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant :pray: Feel free to comment on this thread, DM, or email palash@optimism.io
Hi, @PalashOP,
I’m in the OP Discord under @TerraBellus# 4774 or you can drop into the Hundred Dis…
Hi, @PalashOP,
I’m in the OP Discord under @TerraBellus# 4774 or you can drop into the Hundred Discord at Hundred Finance 1 to reach out, as I’ll clearly have a Team role there :pray:
Hi, @PalashOP, I’m in the OP Discord under @TerraBellus# 4774 or you can drop into the Hundred Dis…
Hi, @PalashOP, I’m in the OP Discord under @TerraBellus# 4774 or you can drop into the Hundred Discord at Hundred Finance 1 to reach out, as I’ll clearly have a Team role there :pray:
