The Arbitrum community proposed to extend the incentive distribution deadline for the STIP and BackFund projects to March 2024
ChainCatcher news, the Arbitrum community recently released a proposal aimed at extending the deadlines for the STIP (Short-Term Incentive Program) and BackFund program agreements.According to this proposal, agreements within STIP will have until March 1, 2024, to distribute ARB tokens to users, while agreements under the BackFund program will have until March 15, 2024, to continue liquidity support, with the distribution of ARB tokens completed by March 29, 2024.It is reported that the main motivation for this proposal is to account for the time discrepancies in the KYC (Know Your Customer) process and the delays compared to the original plan, ensuring that all agreements have sufficient time to distribute incentive tokens to users. In particular, agreements under the BackFund program may have only about 6 weeks left for token distribution before the original plan ends due to the need for KYC verification, so this extension will provide these agreements with nearly 16 full weeks to complete the incentive distribution.Additionally, this extension also includes adjustments to certain agreements under the original STIP plan, allowing all STIP agreements to have adequate time to distribute ARB tokens to users.