The New protocol ideas Round Eligibility

The round focuses on supporting people or organizations that want to take Arbitrum to the next level. The goal is to encourage & support more contributors to propose and run experiments for improving the Arbitrum protocol and also develop novel protocol ideas on Arbitrum. Do you think that your protocol idea can grow into the next Uniswap, ENS? Or are you more interested in decentralized governance ? MEV? Well, it doesn't matter which of these is it, this round is for you! We truly believe that new protocol ideas can propel the Arbitrum ecosystem forward! New protocol ideas on Arbitrum = 💙

Requirements

• Projects in this domain should introduce novel blockchain protocols, consensus mechanisms, or architectural enhancements. Clear documentation outlining the proposed protocol's technical details and potential benefits is required.
• Demonstrating the feasibility and potential impact of the new protocol through simulations or prototypes is preferred. The project should address potential challenges, risks, and mitigation strategies.
• Projects should introduce a technically innovative solution that addresses existing limitations or challenges in the blockchain space. Protocols that ensure a high degree of decentralization and propose mechanisms for effective on-chain governance are highly encouraged
• Join our telegram group for chat about the round with the fellow grant creators: https://t.me/ArbitrumonGitcoinGrantsFEST