The Arbitrum community proposes to distribute 75 million ARB rewards to ecologically active protocols

04/09/2023 09:57

Odaily Planet Daily News The Arbitrum Incentive Working Group submitted the "Arbitrum Short-Term Incentive Plan" AIP proposal in the community forum, which aims to allocate up to 75 million ARB rewards from the DAO treasury to the active Arbitrum protocol to satisfy the community short-term needs. The proposal is divided into two parts, the financial proposal and the application process. The financial proposal includes the allocation of 75 million ARBs to the multi-signature addresses of the plan, and another 370 million ARBs are used for the operating budget of community/project promotion. There will be two rounds of voting on the plan, with a snapshot ballot on September 8. The first cycle is from September 15th to October 6th, and on-chain voting, application, review, voting and fund allocation are carried out respectively. The second cycle is from October 6th to October 27th, and the application, review, voting and fund allocation will be carried out in sequence. Projects applying for this grant cannot convert ARB into other assets, must outline spending plans, offer form and state grant objectives, must commit to providing information on allocations, all ARB spending transactions, daily TVL, transactions, transaction volume, unique addresses, transactions Key indicators such as fees, etc. Each application project can only be awarded once, and the Arbitrum working group provides 4 categories of evaluation funding, including Beacon Grants, Siren Grants, Lighthouse Grants and Pinnacle Grants.

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