DefiLlama is a bastion of the defi space. You guys rock 
Voted against - This is hard to do because Defi Lama has done incredible things for the space. However, I do not believe this proposal is aligned with the purpose of the governance fund (see below). I understand that this is open to interpretation but these types of proposals are better suited for the retroactive public goods funding program imo. Thank you to the Defi Lama team and I hope to see you in another grant pipeline.
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1. Presentation
We are an officially recognized Tooling Governance Committee, responsible for assessing proposals related to tooling and infrastructure (wallets, bridges etc.).
2- About the project
Defillama is a dashboard and analytics website that has supported Optimism data analytics since shortly after launch.
Llamapay is a payment streaming project that can be used to stream salaries and other payments. Itās been live in Optimism since end of April 2022.
3- About the following
The proposal was published on September 27th asking for 170k OP tokens for Defillama and for 130k OP tokens for Llamapay.
As a Tooling committee, the project was recently catalogued as āToolingā in the Grant category, and so weāve taken on the responsibility of issuing a recommendation.
4- About the proposal valuation
- Added value (good to bad): good. Defillama is a staple of analytics in the space and has been active on optimism since the start. Regarding llamapay we are not sure but the comparison to superfluid is fair.
- Impact or expected usage (high to low): medium. Defillama is definitely being used a lot in optimism/mainnet so the expected usage is definitely high. Llamapay usage in optimism low~ish but according to the TVL itās sufficiently high compared to other solutions.
- Current Status [Development stage/Open Source?] (early to ready): ready. Both defillama and llamapay are ready.
- Expenditure plan and distribution (appropriate to inappropriate): reasonable. Both amounts are reasonable. We would have loved to see a more detailed expenditure report since the funds are supposed to cover work already done. Also it would have been much better if the proposal had been split in 2 different proposals since it concerns 2 different projects to give the committee judge each project in its own right.
- Amount requested (high to low): medium. Again without a detailed expenses report itās literally impossible to judge the amount here. The comparison to other projects that received OP tokens and paid salaries is reasonable but since there is no more details given we canāt determine if the amount is high or low.
5. KPIs and impact tracking
Defillama dashboard is already being used by people and projects in optimism.
For Llamapay the current TVL is around $61k(https://defillama.com/protocol/llamapay), 79 active streams and 39 payers with active streams (data provided by 0xngmi via DMs). To track progress and see if the grant was succesful in helping the project it would be nice to compare current and future metrics.
6- FINAL RECOMMENDATION: Yes
Both projects are already deployed and working on optimism. So this grant would not be to get something to optimism but to reward for work already done. There was suggestions in the forums to ask them to wait until RPGF is ready and apply there but we believe that since RPGF is not ready yet that should not be considered as an option now.
Both projects follow the opensource ethos, have no VC backing and are fully community based and open. We need more projects like this in the field, not less. So we should do everything we can to encourage people to build this way. For those reasons the final recommendation is YES.
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Going against committee recommendation.
Like mentioned earlier, this is better suited for RPGF
There was suggestions in the forums to ask them to wait until RPGF is ready and apply there but we believe that since RPGF is not ready yet that should not be considered as an option now.
Committee recommendation and rational are clear but I believe projects are already deployed and can continue to do the good work until citizen house is ready. Also, assuming in next 3-4 months citizen house will be ready, DefiLamma will have a better suited proposal for RPGF.
Changed my vote to abstain based on the information provided in the community call.
Can you maybe share an one sentence description of that information?
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Sorry, I should have elaborated. I initially voted against both Messari and Defi Llama proposals because I believe they are not aligned with the purpose of the governance fund and would be better suited for the retroactive public goods funding program or a different grant pipeline. On the community call today, the Foundation clarified that the governance fund is the correct pipeline for these types of grants. I changed my vote from against to abstain since my initial reasons for voting against were invalid. However, I donāt feel strongly enough to support these types of proposals where 100% of funds are allocated to internal operations so I am voting to abstain.
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Iām going with the committee recommendation - I believe this proposal is more relevant to UX & onboarding users and will have an immediate impact on growing Optimism, than the other RPGF candidates (which I do agree itās more suited towards).
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I am voting for this project, following also the tooling committee recommendation of which I am a member.
I am a strong proponent of opensource and following the decentralization ethos and doing things right.
DefiLlama is doing all these things right and have done a lot for the optimism ecosystem. Software is not free and salaries are not paid with promises of an undisclosed RPGF amount that will come later.
Hope more funds go towards such projects in the future.
Snapshot vote - passed
@0xngmi 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 palash@optimism.io