Reducing the friction of staking and rebalancing a portfolio will not just encourage LPs to do it more often, thereby more efficiently using market forces to allocate liquidity where swappers demand it, but the enhanced usability will also attract new LPs, increasing the total liquidity on the Hop protocol.
Could each of you please reply below with approval for this proposal? Feel free to include any other thoughts as well. Work will begin as soon as approval is received from each committee member.
I approve this proposal as a member of the grants committee.
I went over the proposal with Max and think it’s well thought out, addresses a real user need, is tightly scoped, and will be a great addition to the UI. I’m excited to see it in action if the rest of the committee approves!
I also approve this proposal as a member of the grants comittee!
The funding request is reasonable and am the milestone based funding makes this a safe grant for the grants program to fund. Looking forward to being able to re-balance my funds across chains in the UI
And also approved by me. I really like this as a first grant! I also went over the proposal with Max and I’m excited to see it move forward. My only real nitpick was why benchmark to Authereum Labs pay rate? I would think they are above market rate compared to grants. That said, overall I think it looks really great and given that grants are done on milestones, I’m less concerned.