[READY] [GF: Phase 1] Hundred Finance

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.

3 Likes

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 different approach just like Kromatika.

  1. Milestone based incentive
  2. Duration of distribution is good with respect to number of token requested
  3. 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 seems okay.

1 Like

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 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 +$380k 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 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 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 300k tokens and they have been active on Optimism for a few months. Albeit there is only $400k 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 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 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.

Many thanks to you all for your support :pray:

2 Likes

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 incentivize liquidity on Optimism.

[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.

2 Likes

Snapshot vote - passed

2 Likes

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:

2 Likes

keep us updated and be involved in gov too.

@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

1 Like

Hi, @PalashOP,

I’m in the OP Discord under @TerraBellus#4774 or you can drop into the Hundred Discord at Hundred Finance to reach out, as I’ll clearly have a Team role there :pray: