A total of 106 projects, including GMX, Lido, and Aave, have applied for the first round of funding for the Arbitrum short-term incentive program

2023-09-28 13:42:21

Collection

ChainCatcher news, the Arbitrum community recently launched a short-term incentive program aimed at allocating up to 50 million ARB funds from the DAO treasury to active protocols on Arbitrum.

The application period for the first round of funding ended at 11:59 PM Beijing time on September 28, with a total of 106 projects submitting applications during this period, including well-known projects such as:

GMX: applied for a maximum of 14 million ARB tokens;
Lido Finance: applied for a maximum of 5 million ARB tokens;
Aave: applied for a maximum of 4 million ARB tokens;
Radiant Capital: applied for a maximum of 3.36 million ARB tokens;
Camelot: applied for a maximum of 3.09 million ARB tokens;
Wormhole: applied for a maximum of 2.5 million ARB tokens;
Pendle Finance: applied for a maximum of 2 million ARB tokens;
Curve: applied for a maximum of 1.6 million ARB tokens;
Frax Finance: applied for a maximum of 1.5 million ARB tokens.

It is reported that the review period for the first round of funding is from 12:00 AM Beijing time on September 28 to 11:59 AM on October 5, followed by a voting period in the subsequent week.

Related tags

Arbitrum incentive program

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.