# \[OPEN GRANT APPLICATION\] GMX \<\> Torque
**URL:** https://gov.gmx.io/t/open-grant-application-gmx-torque/3507
**Category:** Grants
**Created:** [June 3, 2024, 11:25am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507 "2024-06-03T11:25:55Z")
**Posts on this page:** 19
**Page:** 1
### Author:  [@cmrn](https://gov.gmx.io/u/cmrn)
#### Post date: [June 3, 2024, 11:25am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/1 "2024-06-03T11:25:55Z")
## SECTION 1: APPLICANT INFORMATION
Applicant Name: Cameron Conrad
Project Name: Torque
Project Description: An automation protocol to streamline saving. It unifies the finest, non-custodial yield and loan opportunities to satisfy the key components of wealth generation while reducing friction, increasing transparency, and guaranteeing self-custody.
Team Members and Qualifications:
- Cameron (Founder), [GitHub](https://github.com/camconrad)
- Andy (Full Stack), [GitHub](https://github.com/AnhTranDuc)
- Pranjal (Solidity), [GitHub](https://github.com/99pswork)
Project Links:
- [Website](https://torque.fi)
- [GitHub](https://github.com/torquefi)
- [Twitter](https://x.com/torquefi)
Contact Information:
- [Telegram: Contact @cmrncnrd](https://t.me/cmrncnrd)
- [hello@torque.fi](mailto:hello@torque.fi)
## SECTION 2: GRANT INFORMATION
Requested Grant Size: 75,000 ARB
Grant Breakdown:
- 20% (15,000) to acquire additional audits
- 80% (60,000) to enable liquidity incentives
Funding Address: 0x177f6519A523EEbb542aed20320EFF9401bC47d0
Funding Address Characteristics: 2/3 multisig via SAFE smart account
Distribution Contract Address: A modified version of our [RewardUtil](https://github.com/torquefi/torque_contracts/blob/master/contracts/TorqueProtocol/RewardUtil.sol) (to be updated)
Incentivised Contract Addresses: To be updated at completion of additional audits
## SECTION 3: GRANT OBJECTIVES AND EXECUTION
Objective:
- Improve security/further confidence through additional audits
- Increase total value routed through Torque’s Boost product
Key Performance Indicators (KPIs):
- Security audit KPIs
– Pass SourceHat/Secure3
– Address all findings
- Increase TVR KPIs
– Achieve $250k TVR
– Achieve $500k TVR
How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?: Receiving this grant will enable Torque’s Boost product to become more attractive to savers. This, in turn, will empower Torque to drive increased adoption of V2 GM pools.
Justification for the size of the grant: Torque has high potential to attract significant liquidity due it catering not only to crypto natives, but also to the crypto curious with idle assets on CEXs/in cold storage who are interested to save and earn onchain.
Execution Strategy: We have received quotes from the specified auditors and are ready to proceed upon acceptance. Once passed, we’ll finalize CAs and kick off the campaign, which should be spread out over an estimated period of 60-90 days.
We’ll assess impact and adjust rates accordingly every other week.
Grant Timeline:
- 20% released post acceptance/approval
- 40% released upon achieving $250k TVR
- 40% released upon achieving $500k TVR
## SECTION 4: PROTOCOL DETAILS
What date did you build on GMX?: March 20th, 2024
Protocol Performance: Not meaningful _yet_. With the foundation laid, we’re now prepared to dedicate great energy on the product distribution side. Becoming competitive with ARB incentives ensures that Torque’s proposition is attractive.
Protocol Roadmap: At this time, the only officially remaining item in Torque’s [roadmap](https://dub.sh/torque-roadmap) is the Torque SDK currently under development. Additional assets become supported periodically and community governance should drive the protocol forward.
Audit History: Listed [here](https://docs.torque.fi/main/resources/security/) and contract addresses listed [here](https://docs.torque.fi/main/contracts/addresses). Just before our March 20th release, we held a security competition and addressed findings at [this PR](https://github.com/torquefi/torque_contracts/pull/190).
## SECTION 5: Data and Reporting
Is your team prepared to create Dune Spells and/or Dashboards for your incentive program?: Yes, a detailed dashboard will be provided.
Does your team agree to provide bi-weekly program updates on the GMX Forum thread?: Yes
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?: Yes
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### Author:  [@Saurabh](https://gov.gmx.io/u/Saurabh)
#### Post date: [June 3, 2024, 11:27am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/2 "2024-06-03T11:27:10Z")
Hey @cmrn, Thank you for submitting the application. The grants committee will soon start reviewing your application.
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 3, 2024, 6:41pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/3 "2024-06-03T18:41:37Z")
I do not see how this “Torgue” has any benefit to GMX.
Looks like a another Meme coin,.
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### Author:  [@cmrn](https://gov.gmx.io/u/cmrn)
#### Post date: [June 3, 2024, 8:17pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/4 "2024-06-03T20:17:36Z")
Hi @Alik1975 ,
We directly benefit GMX through liquidity provision and built a very user-friendly [dApp](https://github.com/torquefi/torque_dapp). Alternatively, we offer savers the ability to mint/redeem via compact interfaces ([#1](https://tbtc.torque.fi), [#2](https://teth.torque.fi), etc.). See Torque in its totality [here](https://docs.torque.fi/main/contracts/addresses). Questions/feedback are always appreciated. Thank you.
Sincerely,
Cameron
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:03am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/5 "2024-06-04T02:03:24Z")
[Torque](https://app.torque.fi/home) is not even an active product thus proving once again that is not beneficial to GMX by any means as of today.
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:14am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/6 "2024-06-04T02:14:16Z")
1000 Telegram members and almost 10k to nothing liquidity.
Still, do not see any benefits to our GMX product whatsoever.
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### Author:  [@cmrn](https://gov.gmx.io/u/cmrn)
#### Post date: [June 4, 2024, 2:20am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/7 "2024-06-04T02:20:44Z")
Yes, it has been live since end of March. Please go ahead and try it out if you’d like: [https://app.torque.fi](https://app.torque.fi). You can use the invite code: 77777 or use one of the compact interfaces linked above. Regarding the token, yes we have had no LGE or presale but it is something to be improved. It certainly will be in due time! We have a proposal regarding rewards for it already submitted onchain and viewable here: [https://app.torque.fi/vote](https://app.torque.fi/vote).
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:23am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/8 "2024-06-04T02:23:25Z")
I was just BANNED from the “Torque” Telegram when asked about the tokenomics.
Fake link was provided in “official” telegram.
Team, GMX.
Be Aware, this project is another FUD.
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:26am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/9 "2024-06-04T02:26:25Z")
Pure FUD. There’s no need to have any invite link to check the project.
Period.
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### Author:  [@cmrn](https://gov.gmx.io/u/cmrn)
#### Post date: [June 4, 2024, 2:27am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/10 "2024-06-04T02:27:30Z")
You were banned by Rose for flooding. I already unbanned. Feel free to check your Telegram. Please don’t worry. We have built for long. All our code is open-source. I find your comments to be nearing attack but it is ok, I do appreciate any feedback as always!
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:29am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/11 "2024-06-04T02:29:35Z")
I was banned asking for a link for tokenomics?
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:30am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/12 "2024-06-04T02:30:08Z")
No further questions to your “scam” project.
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### Author:  [@cmrn](https://gov.gmx.io/u/cmrn)
#### Post date: [June 4, 2024, 2:30am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/13 "2024-06-04T02:30:14Z")
No, for sending 4 messages in a row. It was a flood ban.
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:32am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/14 "2024-06-04T02:32:13Z")
No tokenomics in your scam project. Good Luck.
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### Author:  [@cmrn](https://gov.gmx.io/u/cmrn)
#### Post date: [June 4, 2024, 2:33am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/15 "2024-06-04T02:33:22Z")
They are linked in the last TG msg. Please check it. Or find it in the docs [here.](https://docs.torque.fi/main/resources/tokenomics).
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:33am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/16 "2024-06-04T02:33:51Z")
2, by the way. you’re providing false statements to our community.
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### Author:  [@cmrn](https://gov.gmx.io/u/cmrn)
#### Post date: [June 4, 2024, 2:35am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/17 "2024-06-04T02:35:15Z")
Please check our work anytime. Any actual questions / feedback is always appreciated.
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### Author:  [@Alik1975](https://gov.gmx.io/u/Alik1975)
#### Post date: [June 4, 2024, 2:40am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/18 "2024-06-04T02:40:15Z")
We did, stll do not see any benefit to GMX.
Especially after seeing another worthless attempt to gain a grant from the scamming project.
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### Author:  [@Jonezee](https://gov.gmx.io/u/Jonezee)
#### Post date: [June 4, 2024, 10:24am UTC](https://gov.gmx.io/t/open-grant-application-gmx-torque/3507/19 "2024-06-04T10:24:29Z")
Alik, could you please take it down a notch? It’s fine to look at the grant proposals critically, but there’s no good reason to post 10 critical replies and then start calling things a scam. Please keep the governance forum a welcoming environment.