{"signature": "0xb64a6789de33735f018bdcec5c41fc9551b8abf041991a8563be493b949add301a6ae69fad2c33548e14adac4dbb330a4fa93529f44ce17ed02a7010f3c2e0ac1c", "application": {"round": "0x23b136ed9b30323b9c6ece32f60e11acb5480010", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "OMbvxa6J5WBBH7I51sZeUmvLbE3Z4gDJp6baIbF+KUDwA7GsukURbKtuenBSA6t1", "encryptedSymmetricKey": "ebde7ad61d86028a35c315939b2b409fe3f697b102ff77d399b7cd8ba953bc535c39925929ef5aa0dc4f92ea36b77b13f955ebf51235045c53bb56cc99d5d3f549d5f316239c7c0677d0928e7bd6eb885632a29a577488e9a3b3552e141813a6c37bb339e8ec22998bfb1f4ceb2e3afa39c9700dde0c7696165c78d7f80a1e8d00000000000000208f20884b961d9de330fe7e38031210db7dd9ff0c639b6305ecc893a051593c9dbcfb05674111bf0b1364e68fecd19b8e"}}, {"type": "paragraph", "answer": "Dolomite is a next-generation lending platform that boasts one of the most capital efficient and modular protocols DeFi has seen yet! Dolomite offers comprehensive cross-margin lending with robust portfolio management through advanced order types, generic token routing, and its virtual liquidity system. Dolomite aims to deeply connect the Arbitrum DeFi ecosystem by enabling users to continue to utilize the advanced functionality of their DeFi native assets while they tap into Dolomite\u2019s services.", "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": "25% when the Guardian audit report is published\n25% when we go live\n25% when we hit $1M in TVL\nThe remaining 25% will be 4 weeks we hit $1M in TVL so we can finish our oARB distribution", "hidden": false, "question": "Milestones", "questionId": 4}, {"type": "paragraph", "answer": "Corey Caplan - CEO & Cofounder of Leavitt Innovations, director of Dolomite Foundation. Dual degree in computer science & business from Lehigh University. He has been building in decentralized finance since it was called \u201copen finance\u201d in 2017. He created one of the first DEXs in DeFi by building on top of the Loopring Protocol. He previously exited from a company he founded that sold custom CRM software to a Fortune 500 company. Corey\u2019s entry into crypto was in 2015 when he accepted Bitcoin for payment for game modding software. His background in game modding resulted in developing a security-driven mindset from learning to poke holes in other systems.\n\nLinkedIn: https://www.linkedin.com/in/corey-caplan/\n\nTwitter: https://twitter.com/CoreyCaplan3\n\nAdam Knuckey - COO & Cofounder of Leavitt Innovations. Dual degree in computer science & business from Lehigh University. He has been coding since 13 years old. He created one of the first DEXs in DeFi by building on top of the Loopring Protocol. Adam first entered the crypto space in 2013 when Bitcoin hit $1,000 for the first time. He helped build and improve a miner for an early altcoin project on a programming forum he was active on.\n\nLinkedIn: https://www.linkedin.com/in/adam-knuckey-720612108/\n\nTwitter: https://twitter.com/adam_knuckey\n\nThe core team that does development, Leavitt Innovations, has 6 individuals (including Adam and Corey).\n\nCorey Caplan - CEO / CTO\n\nAdam Knuckey - COO / Lead Frontend Engineer\n\nBowtied Oriole - Senior Smart Contract Engineer\n\nKai Masters - Senior Frontend Engineer\n\nBobo - Head of Growth / BD\n\nBrandon Diaz - Head of Operations", "hidden": false, "question": "Team Members and Qualifications: [List team members and their qualifications, roles, and responsibilities]", "questionId": 5}, {"type": "number", "answer": "6", "hidden": false, "question": "Team Size", "questionId": 6}, {"type": "short-answer", "answer": "N/A", "hidden": true, "question": "Grant Matching:", "questionId": 7}, {"type": "paragraph", "answer": "We plan to use 50k ARB to recoup most of the costs from the audit we have being performed by Guardian Audits. \n\nThe other 50K ARB will be allocated to incentivizing GM deposits on Dolomite using our oARB system.\n\nSince we are already using oARB 1 liquidity mining for lendable asset deposits on Dolomite, we will use the oARB reward mechanism for boosting the yields of GM depositors too.\n\nWe\u2019ll allocate 40% of the oARB emissions to GM-ETH, 40% to GM-BTC, 15% to GM-ARB, and 5% to GM-LINK. We may adjust depending on the weight of deposits we are able to accumulate.", "hidden": true, "question": "Grant Breakdown", "questionId": 8}, {"type": "short-answer", "answer": "0xa75c21c5be284122a87a37a76cc6c4dd3e55a1d4", "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": "A Gnosis Safe wallet that\u2019s \u2154 multi sig. All signers use Lattice 1 wallets from Grid+ . The seed phrases that back the keys are stored on Safe Cards that are offline. For extra redundancy, the seed phrases are also backed up via Shamir Secret Sharing using a mixture of offline and cloud-based locations.", "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": "https://arbiscan.io/address/0x66cd7d0cc677f42f6662622c60a5e60ef573db67 https://arbiscan.io/address/0x531bc6e97b65adf8b3683240bd594932cfb63797", "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": "To grow the TVL of GM token deposits on Dolomite and extend the utility of GM tokens by being the first lending platform to integrate them!", "hidden": true, "question": "Objectives: [Clearly state the primary objectives of the grant and what you intend to achieve]", "questionId": 12}, {"type": "paragraph", "answer": "We\u2019re looking to drive as much TVL as possible and attract long-term, sticky liquidity that can continue to underwrite GM throughout the incoming volatility.", "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": "Dolomite is poised to be the best venue to hedge, leverage, or otherwise borrow against your GM tokens. We have an extensive risk management framework which meshes closely with the complexity of GMX V2 to keep Dolomite borrowers and lenders safe. We already have seen large growth in lendable assets because of the ARB STIP Dolomite was humbled to receive. We think GM tokens are the missing piece that will ignite further usage of Dolomite\u2019s growing liquidity.", "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": "As far as recouping costs is concerned, we spent more than $50,000 getting the GMX V2 integration contracts audited. We think the additional amount we can allocate toward incentives will be the extra \u201cpush\u201d we can use to drive GM depositors into Dolomite when they look for a venue to use their idle assets. If we distribute the 50k as oARB throughout an 8-week period, we should be able to produce 10%-20% in additional yields on the GM tokens, which will produce a strong incentive for holders to use their tokens on Dolomite.", "hidden": true, "question": "Justification for the size of the grant: [Enter explanation]", "questionId": 15}, {"type": "paragraph", "answer": "The execution strategy is relatively simple; we plan to allocate oARB tokens to the most popular GM pools so we accumulate initial TVL and facilitate a safe environment for users to put their assets to work. Upon release of GM tokens on Dolomite, we also will run Campaigns that users can earn Dolomite XP by depositing GM tokens and using them on Dolomite.", "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": "Grant timeline will begin once our audit report is published. 25% when the Guardian audit report is published\n25% when we go live\n25% when we hit $1M in TVL\nThe remaining 25% will be 4 weeks we hit $1M in TVL so we can finish our oARB distribution", "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": "We first launched GLP support for GMX in March of 2023. This was a pivotal deployment for Dolomite as we searched for product-market fit. This also was an exciting deployment for GMX, since Dolomite was the first lending protocol to allow users to execute full account transfers, stake GMX & esGMX, claim and compound their rewards, and even participate in vesting esGMX into GMX while borrowing against GLP!", "hidden": true, "question": "What date did you build on GMX?: [Date of deployment]", "questionId": 19}, {"type": "paragraph", "answer": "Dolomite has accumulated $15M+ in total deposits (at the time of writing) and has $3.14M in GLP deposits, spread across GLP, plvGLP, PT-GLP, mGLP, and YT-GLP. This makes Dolomite one of the top venues to work with GLP and many of its derivatives. Dolomite has been live since October of 2022, and we have not had any security incidents .\n\nOur ambition is to drive as much utility through Dolomite as possible through high-value integrations and creating useful features like our recent :zap: Zap release. We closed a $2.5M seed round in May of 2023 that had noteworthy participants. We\u2019ve been able to highlight the strength of Dolomite\u2019s architecture as a next-generation lending platform through a few key listings that required us to overcome several technical complexities, such as GLP, YT-GLP, jUSDC, and most-recently GM tokens.\n\nTo our team, shipping continuously and giving the community the sense that Dolomite is an active project is the most important value to uphold. Our users are our motivation and delivering value to them is a tremendous high.\n\nYou can see our stats at Dolomite and see our Subgraph for querying more raw data. We also have a Dune Dashboard created by a prominent community member, Shogun (please note some data may be inaccurate and we\u2019re working with him to fix any issues that we identify).", "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": "Our roadmap focuses on listing new assets that enable Dolomite to become a DeFi hub on Arbitrum. We also focus on shipping on new features that enable robust management of margin positions and borrow positions.", "hidden": true, "question": "Protocol Roadmap: [Describe relevant roadmap details for your protocol or relevant products to your grant application.]", "questionId": 21}, {"type": "paragraph", "answer": "Dolomite\u2019s codebase has undergone a total of 5 published audits so far and a 6th by Guardian has been completed but not published yet. Of the 6, the most relevant ones were completed by Guardian Audits, Cyfrin, and Zokyo. You can read more about our published reports [here](https://docs.dolomite.io/audits-and-security).", "hidden": true, "question": "Audit History (if any): [Provide historic audits and audit results]", "questionId": 22}, {"type": "short-answer", "answer": "Yes, we\u2019re creating it for the Arbitrum STIP too.", "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", "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": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:378", "title": "Dolomite", "logoImg": "bafkreigi464hdmocb2wbjqzedbm5cpn4odwtdx5get6s6vkdo7jvmqpycu", "metaPtr": {"pointer": "bafkreictvbdm5237w6hcqb2wp27hrsx3zwgkuvjxozw5immhagusqzurmm", "protocol": "1"}, "website": "https://dolomite.io", "bannerImg": "bafkreidvsnkjm65rqq526raq6qui2lcyip647xtvqpu3r2ly66bl3jcl7e", "createdAt": 1701371955205, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..9MpMUzlLcfC4THw9raJ5_bMtIUAfepJHqMtRTNkcUEgrvuqgK0P4dwWYLTOQ-voNYCyekP1zy_OJDNSzviORBQ", "type": "Ed25519Signature2018", "created": "2023-11-30T19:15:41.653Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-11-30T19:15:41.652Z", "expirationDate": "2024-02-28T19:15:41.652Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xbDEf2b2051E2aE113297ee8301e011FD71A83738", "hash": "v0.0.0:O1WeCCwW5LO6H7DkAwnhYGEA9u/acYH1cVeglt7f27Y=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Dolomite_io"}}}, "description": "Dolomite is a next-generation DeFi lending platform that is highly capital-efficient and modular.\n\nDolomite offers cross-margin lending with robust portfolio management through advanced order types, generic token routing, and its virtual liquidity system.", "lastUpdated": 0, "projectGithub": "dolomite-exchange", "projectTwitter": "dolomite_io"}, "recipient": "0xa75c21C5BE284122a87A37a76cc6C4DD3E55a1D4"}}