[REVIEW] [GF: Phase 1 Proposal] Overnight.fi

I encourage delegates to follow @katie’s lead here in voting for the proposal, despite the official recommendation of committee b.

Overnight is a project that we helped attract away from Polygon and is definitely one we want to retain. They genuinely seem to have an innovative product on their hands and are a super sharp team. The “self-bribing” aspect of USD+ pairs on Velodrome is very impressive and will reduce the need in the long term for $OP or other incentives in order to attract significant stable TVL from L1 and competitive L2s.

If you haven’t already check out the shadow committee’s review here: DeFi Shadow Committee: Season 2 Recommendations - #14 by jackanorak

cc: @quix @linda @polynya @lefterisjp

2 Likes