The #Arbitrum Incentive Working Group has put forward an "Arbitrum's Short-term Incentive Plan" AIP proposal, which aims to allocate up to 75 million ARB rewards to active protocols within the community. Here are the key details of the proposal:
1. **Financial Proposal**: This includes allocating 75 million ARB to the multi-signature address for the program and an additional 370 million #ARB for marketing and community/project initiatives.
2. **Voting Rounds**: There will be two rounds of voting. The first cycle begins on September 15 and ends on October 6, involving #on-chain voting, application, review, voting, and fund allocation. The second cycle runs from October 6 to October 27, with a similar #sequence of application, review, voting, and fund allocation.
3. **Project Guidelines**: Projects applying for the grant must adhere to specific guidelines, including not converting ARB into #other assets, presenting spending plans and goals, and committing to providing information on allocations and key metrics data.
4. **Grant Categories**: The Arbitrum working group has established four categories for evaluating funding: Beacon Grants, Siren Grants, Lighthouse Grants, and Pinnacle Grants.
This proposal aims to incentivize and support active protocols within the Arbitrum community, providing them with resources and rewards for their contributions and development efforts.