# \[Copin.io\] GCGP-Bridge Grant Bi-weekly Report - Week 10

**URL:** <https://gov.gains.trade/t/copin-io-gcgp-bridge-grant-bi-weekly-report-week-10/107>\
**Category:** Grants Report\
**Created:** [September 16, 2024, 10:24am UTC](https://gov.gains.trade/t/copin-io-gcgp-bridge-grant-bi-weekly-report-week-10/107 "2024-09-16T10:24:27Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![anol](https://avatars.discourse-cdn.com/v4/letter/a/bbce88/32.png) [@anol](https://gov.gains.trade/u/anol)\
**Post date:** [September 16, 2024, 10:24am UTC](https://gov.gains.trade/t/copin-io-gcgp-bridge-grant-bi-weekly-report-week-10/107/1 "2024-09-16T10:24:27Z")

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### 1. Executive Summary

This report covers the progress made over the last two weeks, focusing on roadmap developments, key analytics, event results, and rebate-fee distributions.

- **Roadmap Progress**

- **Key Analytics**

- **Competition Event**

- **Rebate-Fee Distribution**

* * *

### 2. Strategies

We have implemented several key strategies to improve and grow the copy-trading experience:  
Expansion of On-Chain Trader Pool: Users can now copy traders from 14 different perpDEXs to gTrade, providing more choices for liquidity sources:

- GMX v2\*\* [Arbitrum]
- Kwenta\*\* [Optimism]
- gTrade\*\* [Arbitrum]
- Avantis\*\* [Base]
- Equation\*\* [Arbitrum]
- Polynomial\*\* [Optimism]
- DexToro\*\* [Optimism]
- CyberDex\*\* [Optimism]
- Apollox\*\* [BNB]
- HMX\*\* [Arbitrum]
- Kiloex\*\* [opBNB]
- Mummy\*\* [Fantom]
- Rollie\*\* [Scroll]
- Vela\*\* [Arbitrum]

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### 3. Challenges

The overall crypto market has remained stagnant, and trading signals from on-chain traders across perpDEXs have been inconsistent. As a result, there is a lack of continuous, high-quality options for copiers to follow.

* * *

### 4. Impact

- **User Participation** : 97 users participated in the competition.
- **Trading Volume** : A total of **$7.1M** in copy-trading volume was achieved, reflecting strong engagement from the users despite market conditions.

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### 5. Financial Summary

- **Funds Received** : A total of 20,000 $ARB was received:
  - [Transaction 1](https://arbiscan.io/tx/0xb86286f1dff7ac8c4deafb154ee3e7194f47824b2d94c747691a9291c0895200)
  - [Transaction 2](https://arbiscan.io/tx/0xb86286f1dff7ac8c4deafb154ee3e7194f47824b2d94c747691a9291c0895200)

- **Expenditure Breakdown** :
  - **Distributed 10,000 $ARB** to the top 20 copiers: [Spreadsheet Link](https://docs.google.com/spreadsheets/d/1CjGrZp_7oW46r_AZbTEI5AG3XDwPUX41diZvYxxMvsM/edit?gid=0#gid=0)
  - **Rebate Program** : Distributed **3,939.5 $ARB** out of 10,000 $ARB for the rebate-fee program. The remaining **6,060.5 $ARB** will be returned to the gTrade DAO as per the grant agreement.

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### 6. Lessons Learned & Takeaways

- This was the first time organizing a copy-trading competition and rebate program using gTrade as the primary liquidity source. Initially, Copin had integrated only 5 on-chain traders from perpDEXs, but now it has grown to 14.
- The current market conditions have led to low open interest across perpDEXs, making it difficult to find standout on-chain traders for copiers to follow. This has limited the choices available to users.
- The marketing and collaboration efforts with other projects have not yet reached their full potential, which impacted the overall campaign’s effectiveness.

* * *

### 7. Proposals

- **Integration of Direct Copy-Trading Interface** : Introducing a direct copy-trading interface on gTrade could leverage the diversity of on-chain traders across the 23 integrated perpDEXs on Copin, enhancing user engagement.
- **Campaign Continuation** : Continue similar campaigns to attract and retain users while building habits around copy-trading through gTrade.

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<div class="post-metadata">

**Author:** ![anol](https://avatars.discourse-cdn.com/v4/letter/a/bbce88/32.png) [@anol](https://gov.gains.trade/u/anol)\
**Post date:** [September 16, 2024, 2:27pm UTC](https://gov.gains.trade/t/copin-io-gcgp-bridge-grant-bi-weekly-report-week-10/107/2 "2024-09-16T14:27:06Z")

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Copin still has 6,060.5 $ARB remaining, which was not distributed for the rebate fee program. Therefore, Copin will return 6,060.5 $ARB to the gTrade DAO as per the Copin grant proposal.

> **[Arbitrum One Transaction Hash (Txhash) Details | Arbitrum One](https://arbiscan.io/tx/0x1b8022d7e36d5852a12213dad52262182d284524fc8e048afb1a617065e58e47)**
>
> Arbitrum (ETH) detailed transaction info for txhash 0x1b8022d7e36d5852a12213dad52262182d284524fc8e048afb1a617065e58e47. The transaction status, block confirmation, gas fee, Arbitrum, and token transfer are shown.