[READY] [GF: Phase 1 Proposal] ParaSwap

[ScaleWeb3]

This is the strongest proposal we’ve seen in gov fund phase 1: Voting YES

Value-add: Quality project/community move to Op; Good incentives for projects in Op ecosystem
Amount: Reasonable (for good project with traction)
Op distribution: Unique + long-term value-add
Co-incentives: Strong matching

[Billtino]

nice project paraswap

[Billtino]

i will try paraswap for the first time

[OPUser]

Voted : Yes

Reason:- most of the asked OP is going towards app integration and development on the OP ecosystem which is a positive move in long term rather than focusing on short term liquidity reward.

Now, I am requesting your feedback on these of my ideas. Feedback is two-way approach, you help us and we help you.

Proposal to stop Phase 0 Projects to submit new proposal in Phase 1

There were 20+ projects in Phase 0, some of them has a good plan to distribute the token while other does not. Here is an excellent summary by @MinimalGravitas . Phase 0 officially concluded yesterday and soon OP will distribute 36M token between Phase 0 projects. Announcement With this proposal, I want to share my idea and seeking your feedback on whether to allow Phase 0 projects to submit another funding proposal in phase 1 or not . In my opinion, as long as previous funds are not exhauste…

Accountability of Phase 0/1 Funds given to projects

That is a good question, and this is what I was thinking. For integration fund, one example will be Infinity Wallet proposal where 80% is going for dev and integration - Let’s say project A is giving some incentive to project B for their integration, in this case I think it would not be a problem to share their address as both are public application. For marketing and content creation (for example 80% Marketing proposal of Kromatika Proposal): - This depends on content creator(s), if they are …

[dseeker]

This proposal is one of the best proposals I’ve seen in this space. Paraswap is an established brand that brings a lot of value to the DeFi space. Having Paraswap join the Optimistic space is a strategic partnership that will benefit both Optimism and Paraswap.

The proposed OP distribution is selfless and will serve a high level of public good.

It’s an easy YES for me.

[matacen]

Paraswap great project will do wonders for OP and probably the #2 best proposal this round

[tipecrpto]

paraswap is a great project

[fewol]

Paraswap good project and proposal, I like how you are not doing liquidity rewards. I think there is only like 2 projects u guys and Infinity wallet that are the only projects not asking for liquidity rewards or funds to develop your venture and you happen to be probably the two most known platforms here

[linda]

Thanks for your time on this proposal! I’m abstaining from the vote since my husband is the co-founder of 0x also working on DEX aggregation and I’d like to avoid potential conflicts.

[Jrocki]

I love the sustainability that comes with protocol-owned liquidity.

[Bobbay_StableLab]

This is an informative and detailed proposal with a great amount of value added to the ecosystem. Paraswap has a great track record and the $OP will be used to encourage adoption from developers which is more helpful than LM. We have voted yes.

[Ruby]

paraswap is a great project, welcome to Op!!!

[frankrx15]

I was interested in this Proposal, and I will try to use ParaSwap for swap my token a little bit

[polblancoo]

I hope to see you on optimism

[ManbuYun]

voted Yes to paraswap

[lefterisjp]

I will be voting in favor of the Paraswap proposal.

The main reasons are:

1. Paraswap is a useful DEX aggregator in mainnet and would love to see it in Optimism
2. Reasonable~ish ask. ($235,800 at current prices)
3. I like the token distribution. Biggest part of this will go to dApp develops for integration of paraswap swap.
4. The project will also offer co-incentives.

[Joxes]

We are voting yes on this proposal. Reasons are: incentiving more integrations and permanent liquidity is a good cause, we will follow these very closely to know the status of these plans. Then, Reasonable amount requested.

@Oxytocin please update the proposal including the L2 recipient address to avoid any possibility of confusion.

@Oxytocin

Created a gnosis multisig wallet! Currently looking to add more signers, but this is the address: 0x1408943dc88CCe60Bc5991879AD9AAF25df44d89

I would add it to the main post, but I am worried it’s going to get caught by the spam filter like last time.

If the spam filter hides your post or similar again, let us know and we’ll quickly ping the admins. You can proceed with confidence.

[krzkaczor]

I’ll vote YES

Project quality: High - well known project with real users,
Team quality: High
Amount requested: Reasonable
OP distribution: Reasonable - Multiple purposes - no pure liq mining

[vonnie610]

Snapshot vote - passed

[bobby]

@oxytocin can you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant

Feel free to comment on this thread, DM, or email bobby@optimism.io.