Ongoing Onchain Proposals 
1. DeFi Renaissance Incentive Program (DRIP) (Voting ends June 19)
DRIP proposes a new framework for incentives. Rather than focusing on specific protocols, DRIP will focus on assets and activities on Arbitrum through targeted 3-month “seasons” - each with a singular, measurable goal.
It seeks up to 80M ARB for the first four seasons (up to 20M per season).
Based on the learnings of previous incentive programs, it emphasizes high-growth, high-retention activities, controlled experimentation and clear incentive criteria.
The Season Selection Committee (SSC) will comprise of the Arbitrum Foundation, Entropy Advisors, and Offchain Labs, will be tasked with season design, management, modification, as well as selection of distribution and evaluation partners.
2. [CONSTITUTIONAL] Register the Sky Custom Gateway contracts in the Router (Voting starts June 12)
This constitutional proposal seeks to improve user experience by updating Arbitrum’s Router configuration to register the Sky Custom Gateways for USDS and sUSDS tokens, enabling users to bridge USDS and sUSDS through the official Arbitrum Bridge UI.
The Arbitrum Router contracts maintain a list of gateways that the Arbitrum Bridge UI relies on when bridging tokens.
Because USDS and sUSDS tokens are not currently on this list, users are currently unable to use the Arbitrum Bridge UI to transfer USDS and sUSDS to Arbitrum, which this proposal aims to change.
Ongoing Temperature Checks 
1. Reallocate Redeemed USDM Funds to STEP 2 Budget (Voting ends June 12)
The STEP 2 Committee are proposing to reallocate the fully redeemed ~$3.5M USDC that was previously held in USDM, to the STEP 2 budget.
As a result of USDM, a yield-bearing stablecoin from Mountain Protocol, winding down, the Arbitrum Foundation redeemed the entirety of the DAO’s USDM position on behalf of the DAO.
Accordingly, the DAO needs to approve this proposed reallocation so that these previously allocated STEP 1 funds remain yield bearing.
