Synthetix's @arbitrum LTIP grant has been resubmitted today via Snapshot vote. We've worked with the Council & Delegates to reduce our ask to 2m ARB and made critical changes to align with feedback. @coinflipcanada, a @GMX_IO delegate, has supported (and posted) our proposal as a show of support for Synthetix on Arbitrum & supporting DEX Perps across DeFi. This critical endorsement from CoinFlip (GMX) highlights the importance of collaboration in growing the onchain Perps ecosystem. In these early days of bringing new users to DeFi, we must support one another to expand opportunities for all and effectively compete with CEX Perps. Currently, users can deposit LP collateral in the Synthetix V3 staking app in anticipation of Perps V3 rampup on Arbitrum. This is crucial for achieving a critical mass of LP collateral to support deep liquidity, open interest, and low fees for traders. The next tweet will provide information on where ARB delegates can vote and access our revised proposal, including the changes made during the LTIP process.

Arbitrum LTIP Information: Snapshot vote: https://t.co/5NU7v0QsLp Changes made to the proposal: https://t.co/HpnmpiuI01 CoinFlip (GMX) show of support: https://t.co/gvSOs3zx7m V3 Liquidity App: https://t.co/qQWDxPcQX8