[OPEN GRANT APPLICATION] GMX <> Beefy

hi @frondoto, Fred here from BD; adjacent to the grants committee, but here to help the overall community process of applying and governance for grants goes smoothly

thank you for your application. many others have already commented with some great and relevant questions

i also appreciate the retrospective edit to the proposal, as it indicates honest reflection and intent to cooperatively build out the ecosystem

one question i would like to ask about:

  • are there potential other value-adds that can be reasonably attached to the proposal in the interest of its furtherance; for instance, i noticed some other Beefy vaults have options for Nexus Mutual coverage - it stands to reason that such coverage options contribute to the overall perceived stickiness of liquidity, and I’d imagine an effort to secure such an option would lend further confidence to the grants committee and GMX community in the support of granting the application with the proposed $ARB. if this is a standard for all Beefy vaults, highlighting this factor i think is generally helpful and informative in elucidating the fullest extent of Beefy’s value prospects to the GMX ecosystem

  • generally, i think it would also lend confidence to the support of this proposal if the community could generally hear how Beefy thinks aloud about their GMX GM vault product - it seems that from previous questions, there is some concern about how Beefy will distinguish their vault product from native GMX GM staking, and these might be general questions that the marketing half of the proposal will eventually have to face. i think the former point can be helpful in addressing this potential second point

either way, this proposal gives me much confidence, as does the Beefy team who has been doing good work in DeFi and with GMX for some time now. looking forward to hear the Beefy’s teams thoughts on this, and the further development of this application to best meet Beefy’s and GMX’s mutual interests

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