{"signature": "0x1e52176f3c522ef11dfd31aab8fcfadfc77b8091d11d45afbe811b596ebc55940c575fcf23f6e6dcb02b813ec7a8e513f5c3a0e662fe8775daa47054aade22c71c", "application": {"round": "0x23b136ed9b30323b9c6ece32f60e11acb5480010", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "Ep7UitXTHcDQ+m+t4H+nYHNw/W0y9fAAroI0NSdZp3MAypFNiF9xLP2MbMoZjB2U", "encryptedSymmetricKey": "ac55bc10575a3ed39e4e08fe9005b9fd6593649c748a55e55293b17a1abd3de713a067b9b9e178746acc717019e1520bb9f50e962da036fbb86cf1c7ff8dec5f583136c503f556e9f79d43b08e9a7ff30d9c59b6318ca0c6a365d4882cf7fc8897c8c97e20bbdc86cb539c716aaa2886de54c832cd9cb590ed10d7cbd21e67c1000000000000002006802f6a58049a23fccc14e5f01e45a045485968fc84110938321b43dea8009788188971cbd1767e05fb5aa0d43b49a4"}}, {"type": "paragraph", "answer": "The primary objective of the grant is to enhance sticky liquidity attraction in GMX GM farms at Rodeo. By increasing incentives, we aim to position Rodeo as a leading destination for farming GM pools on Arbitrum. This is achieved by layering additional incentives on top of the already capital-efficient farms, augmented by offering up to 10x leverage in these GM pools. Users benefit from access to additional capital, GMX benefits through deeper liquidity, and Rodeo benefits through more volume (fees).", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "100000", "hidden": true, "question": "Amount requested", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "paragraph", "answer": "\nUpon Acceptance of Proposal:\nIndependent Audit of GM Farms Strategy and Oracle Implementation: \n- 7500 ARB (code4rena top warden)\n\nPaladin Sec GM Farms Implementation and Liquidation Method Audit Finalization: \n- 9000 ARB\n\nUpon Paladin Audit Report, streamed bi-weekly:\nLending Pool Incentives (to boost available liquidity for GM farms)\n- 20,000 ARB\n\nUpon Additional 3rd party Audit, Streamed bi-weekly:\nMilestone based Farm incentives (dynamically adjusted for time in vault)\n- 30,000 ARB distributed to GM farms over 3 months\n- 16,750 ARB when $1m TVL reached in GM farms\n- 16,750 ARB when $2m TVL reached in GM farms", "hidden": false, "question": "Milestones", "questionId": 4}, {"type": "paragraph", "answer": "Farmer Carlton - CTO / Lead Developer\n0xSerg - Senior Developer\nJimbo - Operations Lead\nHWxFrank - Growth and BD\n0xyieldlord - Growth / content\nJonas - Community\nPhoton - Researcher", "hidden": false, "question": "Team Members and Qualifications: [List team members and their qualifications, roles, and responsibilities]", "questionId": 5}, {"type": "number", "answer": "7", "hidden": false, "question": "Team Size", "questionId": 6}, {"type": "short-answer", "answer": "Rodeo will combine the grant incentives on top of our existing RDO incentive program Rodeo Booster (rbLP) Incentives. How To Boost your Incentive Rewards by\u2026 | by Rodeo Finance #getleverage | Sep, 2023 | Medium 1", "hidden": true, "question": "Grant Matching:", "questionId": 7}, {"type": "paragraph", "answer": "3rd party Oracle Integration Audit (in additional to on-going Paladin Audit):\n- 16,500 ARB\n\nIndependent Audit of GM Farms Strategy and Oracle Implementation: $7500 (code4rena top warden)\nPaladin Sec GM Farms Implementation and Liquidation Method Audit Finalization: \n- $9000\n\nLending Pool Incentives (to boost available liquidity for GM farms)\n- 20,000 ARB\n\nMilestone based Farm incentives (dynamically adjusted for time in vault)\n- 30,000 ARB distributed to GM farms over 3 months\n- 16,750 ARB when $1m TVL reached in GM farms\n- 16,750 ARB when $2m TVL reached in GM farms", "hidden": true, "question": "Grant Breakdown", "questionId": 8}, {"type": "short-answer", "answer": "The funding address provided is the Rodeo Finance core team multi-sig with a 2/3 threshold requirement, private keys controlled by hardware wallets", "hidden": true, "question": "Funding Address Characteristics: [Enter details on the status of the address; eligible address must be an MPC wallet\u00a0or 2/3 multisig with private keys securely stored]", "questionId": 9}, {"type": "short-answer", "answer": "Rodeo deployer:Rodeo Finance: Deployer | Address 0x20dE070F1887f82fcE2bdCf5D6d9874091e6FAe9 | Arbiscan StrategyHelper StrategyHelper | Address 0x72f7101371201CeFd43Af026eEf1403652F115EE | Arbiscan 1 | Hold for GMX V2 strategy audit completion (currently in mitigation implementation phase of Paladin Audit) |GMX GLP|0x70116D50c89FC060203d1fA50374CF1B816Bd0f5| | Hold for Rodeo Alamo audit completion (currently in mitigation implementation phase of Paladin Audit)", "hidden": true, "question": "Distribution Contract Address: [Enter any specific address that will be used to disburse funds for grant recipients]", "questionId": 10}, {"type": "short-answer", "answer": "Rodeo USDC.e Lending pool: Rodeo Finance: Pool (USDC) | Address 0x0032F5E1520a66C6E572e96A11fBF54aea26f9bE | Arbiscan GMX GM Farms - Hold for GMX V2 strategy audit completion (currently in mitigation implementation phase of Paladin Audit) BTC-USDC ETH-USDC ARB-USDC LINK-USDC SOL-USDC", "hidden": true, "question": "Incentivised Contract Addresses: [Enter any specific contract addresses that will be incentivised in your program (Pool addresses, contracts, etc.)]", "questionId": 11}, {"type": "paragraph", "answer": "The primary objective of the grant is to enhance sticky liquidity attraction in GMX GM farms at Rodeo. By increasing incentives, we aim to position Rodeo as a leading destination for farming GM pools on Arbitrum. This is achieved by layering additional incentives on top of the already capital-efficient farms, augmented by offering up to 10x leverage in these GM pools. Users benefit from access to additional capital, GMX benefits through deeper liquidity, and Rodeo benefits through more volume (fees).\n\nThe core value of Rodeo Finance lies in its ability to seamlessly blend leverage yield farming and passive lending, while maintaining a high level of composability. This combination allows users to optimize their real yields, while driving liquidity (and thus fees) to GMX. By presenting this experience in a simple manner, Rodeo is able to onboard new users from a single UI/UX to participate across multiple Arbitrum protocols", "hidden": true, "question": "Objectives: [Clearly state the primary objectives of the grant and what you intend to achieve]", "questionId": 12}, {"type": "paragraph", "answer": "The total amount of assets (TVL) secured in our GM farms\n\nTVL per underlying GM Farm strategy:\n- BTC-USDC\n- ETH-USDC\n- ARB-USDC\n- LINK-USDC\n- SOL-USDC\n\nThe number of unique users holding Rodeo Positions\n\nThe number of unique lenders providing USDC on the platform\n\nThe total amount of assets (TVL) in the lending pool\nLending Utilization rate\n\nRodeo shall track these metrics on a public analytics page via the Rodeo dApp or via a Dune dashboard", "hidden": true, "question": "Key Performance Indicators (KPIs): [Specify the KPIs, including but not limited to total value locked, transaction volume, and number of users that will be used to measure success in achieving the grant objectives]", "questionId": 13}, {"type": "paragraph", "answer": "The grant incentives we offer will attract additional liquidity, which, in turn, will be strategically channeled into the GMX (GM pools) ecosystem through our leverage farms. This infusion of liquidity will have a cascading impact:\n\n1) Enhanced Yield Opportunities: By directing these incentives into our leverage farms, we aim to create higher yield opportunities for users. These opportunities will be structured to optimize returns while managing risk effectively, thereby benefiting both experienced and novice users within the Arbitrum ecosystem.\n\n2) Increased Liquidity and Protocol Fees: The influx of liquidity will not only benefit Rodeo but also bolster the liquidity of GMX GM poolss. As a result, this translates to greater transaction volume, resulting in increased fees and rewards for protocols and participants.\n\n3) Sustainable Rodeo Growth: For Rodeo, the grant will play a pivotal role in sustaining and expanding our offerings. It will enable us to continue providing the most competitive yield-earning opportunities on Arbitrum, ensuring that we can continue to expand and innovate our products securely.\n\nAs a native Arbitrum protocol, we align ourselves with the core values of the Arbitrum ecosystem. GMX has been a beacon for the entire ecosystem and Rodeo aims to participate in the GMX ecosystem long term as it expands its products and offerings.\n\nOur vision is to serve as a unified gateway where the next generation of users can seamlessly access protocols and yield-earning opportunities available across Arbitrum. We are committed to simplifying the user experience, making it accessible to a wider audience, and contributing to the growth and maturation of the Arbitrum network.", "hidden": true, "question": "How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?: [Provide details]", "questionId": 14}, {"type": "paragraph", "answer": "Every additional dollar attracted by the grant incentives gets channeled for use directly into our leverage farm partner protocols. With significant grant support, Rodeo is fully committed to using the full grant incentives for driving expansion in the GMX ecosystem", "hidden": true, "question": "Justification for the size of the grant: [Enter explanation]", "questionId": 15}, {"type": "paragraph", "answer": "Incentivizing Rodeo Passive Lending : This portion of the grant incentivizes passive lending to bootstrap liquidity for leverage farmers, enabling them to borrow and earn higher yields. This serves as the liquidity used to facilitate leveraged borrowing into Farms.\n\n\nGM Pool Leverage Farms: Rodeo\u2019s leverage farms allow users to borrow up to 10x their collateral and deposit into yield strategies. The collateral and leveraged funds are swapped for the underlying GM assets by Rodeo, thus providing a positive sum net benefit in the GMX ecosystem. The funds deposited are deployed within the GMX ecosystem and add another layer of usecase for supplying liquidity to the GM pools.", "hidden": true, "question": "Execution Strategy: [Describe the execution plan, including resources, products, use of funds, and risk management. This includes allocations for specific pools, eligible assets, products, etc.]", "questionId": 16}, {"type": "paragraph", "answer": "Upon Acceptance of Proposal:\nIndependent Audit of GM Farms Strategy and Oracle Implementation: $7500 (code4rena top warden)\nPaladin Sec GM Farms Implementation and Liquidation Method Audit Finalization: \n- $9000\n\nUpon Paladin Audit Report, streamed bi-weekly:\nLending Pool Incentives (to boost available liquidity for GM farms)\n- 20,000 ARB\n\nUpon Additional 3rd party Audit, Streamed bi-weekly:\nMilestone based Farm incentives (dynamically adjusted for time in vault)\n- 30,000 ARB distributed to GM farms over 3 months\n- 16,750 ARB when $1m TVL reached in GM farms\n- 16,750 ARB when $2m TVL reached in GM farms", "hidden": true, "question": "Grant Timeline and Milestones: [Describe the timeline for the grant and milestones.]", "questionId": 17}, {"type": "paragraph", "answer": "Yes", "hidden": true, "question": "Fund Streaming: [Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your streamed grant at their discretion at any time?] ", "questionId": 18}, {"type": "short-answer", "answer": "Current GLP GLP Farm deployed March 08, 2023 0x831de295817474bbdb4fb154b14644fb06e080c33543927954dc802f8f895558", "hidden": true, "question": "What date did you build on GMX?: [Date of deployment]", "questionId": 19}, {"type": "paragraph", "answer": "Rodeo TVL - $3.5M with capped pools (pool caps to be increased after Paladin Audit conclusion)\n\nRodeo TVL in GLP and GLP derivative farms - ~$1.25M", "hidden": true, "question": "Protocol Performance: [Detail the past performance of the protocol and relevance, including any key metrics or achievements, dashboards, etc.]", "questionId": 20}, {"type": "paragraph", "answer": "Rodeo Finance is expanding the yield earning opportunities for users and integrations with underlying Arbitrum Protocols as part of our long term vision and roadmap goals\n\nQ3-Q4 2023:\n\nNew Farms: By creating a compelling incentive program for liquidity providers, Rodeo finance can attract additional market share to Arbitrum and liquidity to Arbitrum protocols. We\u2019ve identified a number of compelling sectors & protocols we plan to onboard as leverage farms in Q4 of 2023:\nGMX V2 GM Pools\nUmami Finance Deconstructed GLP Vaults\nAura Finance Pools\nVela (VLP) / HMX (HLP)\nUniswap/Camelot V3 Concentrated LP\nYield bearing Token Leverage Product V1: Rodeo has recognized a substantial opportunity within the DeFi space, with the total value locked (TVL) in liquid staking tokens exceeding $19 billion and Yield bearing tokens representing another large market share. We will be introducing a product that allows users to maintain exposure to LSTs / yield bearing tokens (examples could be wstETH, jUSDC, GLP, etc) while simultaneously harnessing the yield opportunities offered by Arbitrum\u2019s Layer 2 scaling solution. This integration represents the convergence of two critical pillars of the DeFi ecosystem.V1 of this product will be released upon conclusion of the on-going Paladin Audit expected ~3-4th week of October.\nTokenomics and Liquidity: oRDO token incentives will be introduced in October as part of our sustainable, on-going incentive program for passive liquidity providers 1. This is based on the Bond Protocol options tokens (oToken) modelRDO/ETH LP pool on Camelot Dex will be incentivized with GRAIL/xGRAIL as well as a Rodeo Nitro Pool\nScaling: With additional incentives for lenders on Rodeo, our lending pool will continue to expand, allowing increased capacity for existing farming strategies. Our most popular farms have already been maxed out, and sidelined capital is awaiting future capacity raises to deploy. These self imposed caps are largely the constraint for driving more liquidity to our partner protocols, and will be increased following the Paladin Audit .\nQ1 2024:\n\nYield Bearing Token Leverage Product V2: We acknowledge that the current LST market is largely liquidity on Ethereum mainnet, as such we aim to launch a Chainlink CCIP powered update which will allow users to bring liquidity from cross chain to utilize on Arbitrum, deepening the liquidity available for use in the Arbitrum ecosystem\nVaults: The first Rodeo vault product will be a USDC based vault with a \u201cset and forget\u201d strategy where users can deposit USDC stable assets and Rodeo will automatically allocate to the highest yield earning opportunities on Arbitrum\nthe vault will also utilize Rodeo leverage in limited scope dictated by specific risk parameters to increase the yields\nthe goal is to build the USDC vault on Rodeo into the coziest place to park USDC and earn transparent amplified yield (making use of the existing opportunities on Arbitrum)", "hidden": true, "question": "Protocol Roadmap: [Describe relevant roadmap details for your protocol or relevant products to your grant application.]", "questionId": 21}, {"type": "paragraph", "answer": "Audit 1: Kalos (Jan 31 2023) - Full Scope\nAudit 2: Kalos (July 26, 2023) - Full Scope\nAudit 3: code4rena warden rvierdiiev (Aug 11-15, 2023) - Specific to Jones, Camelot and Pendle strategies\nAudit 4: Paladin (On going: Starting Sept 25, 2023) - Full Scope\n\nhttps://docs.rodeofinance.xyz/contracts-audits-and-security/audits\n\nhttps://paladinsec.co/projects/rodeo-finance/", "hidden": true, "question": "Audit History (if any): [Provide historic audits and audit results]", "questionId": 22}, {"type": "short-answer", "answer": "Our team is prepared to create a Dune dashboard or analytic page on our dApp", "hidden": true, "question": "Is your team prepared to create Dune Spells and/or Dashboards for your incentive program?: [Please describe your answer]", "questionId": 23}, {"type": "short-answer", "answer": "Yes, Rodeo will utilzie the dashboard to provide bi-weekly metrics on performance of the program to the GMX forum thread", "hidden": true, "question": "Does your team agree to provide bi-weekly program updates on the GMX Forum thread?: [Please describe your strategy and capabilities for data/reporting]", "questionId": 24}, {"type": "short-answer", "answer": "Yes", "hidden": true, "question": "Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program's funding stream?: [Y/N]", "questionId": 25}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:371", "title": "Rodeo Finance ", "logoImg": "bafkreifogcyrxw2qpjysa6boihndjaov5p74t3m362fxs2zgpdmvsbg6jm", "metaPtr": {"pointer": "bafkreie27ilhymbjykel62hgr4y2lnyhfz6bmiigbn7ituok2kwcft26yy", "protocol": "1"}, "website": "https://www.rodeofinance.xyz/", "bannerImg": "bafkreid2khopftj2rvb2wdz32jn2nop4pumv7wl3ezz23cxc7m57cr52gy", "createdAt": 1701276816184, "userGithub": "farmercarlton", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..aWsLrPCSwF5TVC2qCR-E3uzTTTc2w9clphZW_kF-aY7BjgZ549OAlKGqARC-wzC79o83yRpANAmi3aRXnVjXCA", "type": "Ed25519Signature2018", "created": "2023-11-29T16:52:11.207Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-29T16:52:11.207Z", "expirationDate": "2024-02-27T16:52:11.207Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x4C00DeD5880e40a9c9730506ac4a3097E1598114", "hash": "v0.0.0:JGDLBUR0eofkvMIRHlKZZ7nnRSsHZUDDcv++C9UcQGQ=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Rodeo_Finance"}}}, "description": "Rodeo is a decentralized finance protocol that allows its community to earn yield on a range of managed and passive investment strategies on Arbitrum.\n\nAt its core, Rodeo has two sides: passive liquidity providers (lenders) earning high, yet safe APR by providing single assets for use by leverage farmers, and leverage farmers who borrow up to 10x to farm real yield strategies. Thus, the protocol enables users to take undercollateralized borrows to increase their positions in vaults and/or yield farming strategies, resulting in higher returns for both active yield seekers as well as passive lenders. Rodeo is introducing a novel collateral system whereby users can stake their yield bearing assets and borrow (with leverage) for use in the Rodeo Farms, thus maintaining exposure to the underlying asset yield AND earning additional yields in the leverage farms.\n\nRodeo\u2019s vision is to become Arbitrum\u2019s leverage hub for maximizing yield. Enabling users and protocols to become more capital efficient, generate higher yields, and onboard the next generation of DeFi users through a simplified, composable solution", "lastUpdated": 0, "projectGithub": "rodeofi", "projectTwitter": "Rodeo_Finance"}, "recipient": "0xaB7d6293CE715F12879B9fa7CBaBbFCE3BAc0A5a"}}