"The Arbitrum community has voted in favor of approving the proposal to extend the deadline for distributing incentives for STIP and BackFund projects.

Under this proposal, the deadline for protocols within STIP to distribute ARB tokens to users can be extended until March 1, 2024. Meanwhile, protocols within the BackFund program can continue supporting liquidity until March 15, 2024, for token distribution. The final deadline may be extended to March 29, 2024. The primary motivation behind this proposal is to ensure all protocols have sufficient time for incentive token distribution to users, considering the time gap in the 'know your customer' process and delays compared to the original plan. Specifically, protocols within the BackFund program may have only about 6 weeks left to distribute the distinctive token before the original program ends due to the need to undergo KYC verification.

This extension will provide these protocols with approximately 16 additional weeks to complete the incentive distribution. Moreover, this extension also includes modifications to some protocols within the original STIP plan, allowing all STIP protocols enough time to distribute distinctive ARB tokens to users. Describing the proposal, this extension comes at no additional cost and is designed to ensure fairness and efficiency in incentive distribution while providing DAO with more accurate data about the program's success."