According to Foresight News, the Arbitrum community has concluded its temperature check vote on the 'Short-Term Incentive Plan for Arbitrum' proposal. The option to distribute up to 50 million ARB tokens by January 2024 received 65.7% support, while the option to distribute up to 25 million ARB tokens by the same date received 34.3% support. The option to distribute up to 75 million ARB tokens by January 2024 received almost 0% support.
Previously reported on September 4, the Arbitrum Incentive Working Group submitted the 'Short-Term Incentive Plan for Arbitrum' AIP proposal in the community forum. The proposal aims to allocate up to 75 million ARB rewards from the DAO treasury to active Arbitrum protocols to meet the community's short-term needs. The proposal is divided into two parts: a financial proposal and an application process. The financial proposal includes allocating 75 million ARB tokens to the multi-signature address of the plan, with an additional 370 million ARB tokens for the community/project promotion operating budget. The plan will undergo two rounds of voting, with a snapshot vote on September 8. The first cycle will run from September 15 to October 6, with on-chain voting, application, review, voting, and fund allocation. The second cycle will run from October 6 to October 27, with application, review, voting, and fund allocation in sequence.
Projects applying for the funds cannot convert ARB tokens into other assets and must outline their spending plan, provide a format, and explain the grant objectives. They must also commit to providing key performance indicator data on allocation, all ARB spending transactions, daily TVL, transactions, transaction volume, unique addresses, and transaction fees. Each applicant project can only receive one reward, and the Arbitrum Working Group offers four categories for evaluating funding, including Beacon Grants, Siren Grants, Lighthouse Grants, and Pinnacle Grants.
