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Arbitrum · closed proposal
Covenant Finance LTIPP Council Recommended Proposal
Voters
5,376
ARB voted
121.36M
≈$9.51M
Token price
$0.08
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
For98.20M (80.9%)
Against7.45M (6.1%)
Abstain15.71M (12.9%)
121.36M ARB · ≈$9.51M · 5376 votersblock 198951100
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Arbitrum
Link to Application
https://forum.arbitrum.foundation/t/covenant-finance-ltipp-application-draft/21821
Council - 3/4 Yes Votes
Feedback
Wintermute Feedback Covenant Finance’s application was decent and they provided a clear vision of how they expect to benefit the Arbitrum ecosystem. Their product is unique and introduces a new primitive to DeFi. Their grant request is not large and their justification is sound. However, we are concerned about their ability to execute given their age and lack of adoption due to Beta and Alpha stages. Their composability with Uniswap V3 is great…
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