[AlphaGrowth] Growth Program Weekly Updates

Governance Process
2

Update for the Week of June 3, 2024

The weekly update covers key conversations, launches and activities for the week starting from Monday June 3rd,2024. Going forward we will be posting updates every week for the Growth efforts to be visible to the community.

New and Ongoing conversations

  • Vaultcraft: Vault strategies and grant distribution mechanisms for Compound
  • Lucidity: Potential partner for Grant Distribution
  • OKX Cefi: Major Whale on Mainnet USDT market, in talks for bringing them to Arbitrum USDT Market
  • Origin Protocol: Potential collateral OETH for Mainnet ETH Market
  • Swell: rswETH as a potential collateral on ETH Market on Mainnet
  • Mode: OP Stack L2, as a potential chain for Compound Deployment
  • EtherFi: weETH Collateral for ETH Market on Mainnet
  • Stader: ETHx collateral and Polygon USDT Market discussion.

Forum Posts and Lunch Operations

  • [Market] Add Market ETH on Optimism , Currently up for voting, Proposed collateral assets for the market
    • rETH
    • wstETH
    • sfraxETH
    • cbETH
  • [Chain] Suggestion against deploying Compound on NEON EVM for the foreseeable future Link
  • [Collateral Asset] Commitment from Growth Program to work on weETH collateral asset for ETH market on Mainnet Link

Grant Ops

Currently, there are 4 grant opportunities in various stages and statuses.

  • Current grants in Pipeline

    • Arbitrum LTIPP Grant [1.8M ARB]
      Final formalities completed for Arbitrum LTIPP grant distribution. The Grant is supposed to be streamed from the first week of June. With the existing rewards contract not ready, we will be using Layer3 as a method for distributing the grants to users. We will be sharing execution details at the shortly to introduce the current mechanisms to the community

    • Optimism Growth Grant [150K OP]

      KYC verification in progress. ETA on grant distribution is unknown

  • Filling applications for 2 grant programs

    • Optimism RetroActive Public Goods Funding

      Applications filled for the RetroPGF grants. The total pool is 10M OP tokens. We thank @arr00 , @adam , @Gauntlet , @dmitriywoofsoftware and @pashabergman for helping in the technical aspects of the grant application

    • Optimism Onchain Summer Grants

      Currently being explored

Execution of current Grants

  • Arbitrum LTIPP Grant will be allocated shortly, we will present the distribution plan

Marketing Operations

  • The Growth team unlocked a potentially groundbreaking integration for Compound with a partner. The details for this integration will come in the future as that integration materializes.
  • Fixed Income Summit: The growth team has booked a booth to attend the Fixed Income summit to diversify the Compound userbase and explore onboarding tradFi into Defi with Compound
  • Marketing Activities currently being planned to augment the Arbitrum Grant Distribution

Development Updates

Updates by @pashabergman & @dmitriywoofsoftware

  • Current and completed projects
    • New Arbitrum WETH market: the market was deployed, successfully ran all actions, and successfully enacted migration. GitHub PR
    • New Optimism WETH market: the market was deployed, successfully ran all actions, and successfully enacted migration. Waiting for configuration.
    • Added collaterals to Mainnet ETH market: the market was deployed, successfully ran all actions, and successfully enacted migration. GitHub PR
    • New Polygon USDT market: the market was deployed, successfully ran all actions, and successfully enacted migration. GitHub PR
    • Listed COMP on Superbridge. GitHub PR
    • Created Dune Dashboards for Arbitrum LTIPP
    • Rewards System Improvement: delivered smart-contracts part, delivering back-end part by EOW. Forum post.
  • Planned projects
    • Push on-chain proposals for new markets.
    • Update DeFi Llama
    • Rewards System v3
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