Reference: APP-ZQVNIOLQ-PQMMHN
Status
RejectedApplication ID
APP-ZQVNIOLQ-PQMMHN
Last submission
Mar 17, 2026
Deadline
May 20, 2026
3 updates
Hi SwapBased team, Thank you for applying. After review, we will not be moving forward with this proposal. The proposal is focused on Base, and reviewers also had concerns about sustainability. The very high volume-to-TVL ratios suggest shallow liquidity and routing-driven activity, while the application did not provide a clear retention plan or post-incentive sustainability beyond generalized yield assumptions. We encourage you to reapply with stronger evidence of durable liquidity retention and clearer long-term impact beyond the incentive period. We need applications focusing on OP Mainnet. Best, Optimism Grants Council