The voting for the Arbitrum short-term incentive program has ended, and 29 projects including Camelot, Jones, and GMX have won

ChainCatcher news, the first round of voting for Arbitrum's Short-Term Incentive Program (STIP) has been completed. Among the 97 proposals submitted, 29 projects will be able to participate in this incentive program according to Arbitrum's rules, including Camelot, Jones, Dopex, GMX, Galxe, LODESTAR, Socket, Timeswap, RADIANT, Pendle, MUX, Frax, Tally, Rysk, Silo, Stella, Good, Gamma, Umami, Abracadabra, KyberSwap, OpenOcean, Angle, Trader, Dolomite, Premia, Vertex, Perennial, and Balancer.

In early October, Arbitrum launched the first round of voting for the Short-Term Incentive Program (STIP), which will allocate 50 million ARB to promote network development. If the requested grants exceed 50 million ARB, they will be allocated based on the following principles: according to the number of votes in favor of the proposals and the time the proposals were posted to the forum.