Arbitrum DAO votes to provide 50 million ARB funds for the short-term incentive program

2023-10-11 22:03:07

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ChainCatcher message, the Tally page shows that the Arbitrum DAO has passed the on-chain vote for the short-term incentive program proposal, which is now pending execution. This proposal outlines a one-time consensus framework created by the community to allocate up to 50 million ARB funded by the DAO to incentivize active participation in the Arbitrum protocol.

The program aims to meet the short-term needs of the community, planning to allocate the ARB owned by the DAO to incentives while ensuring a transparent consensus and distribution method. It includes two voting rounds and provides incentives for eligible projects to fund incentives until January 31, 2024.

The authorized funds are expected to be fully allocated by January 31, 2024. Participating grantees will need to self-report data, dashboards, and continuously summarize grant performance.

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