Our agreements are multi year in nature, and as mentioned in our proposal we will hold the ARB and only allocate as needed. Under this thread (Arbitrum Foundation Transparency Report 2023 - #4 by Mark1) you may find the Grant Transparency Report that shares more details on how grant decisions are made. In the upcoming transparency report, Arbitrum Foundation will be having a dedicated section to report how the fundings are spent. Please note many grant deals are with institutions that have strong confidentiality requirements, therefore Arbitrum Foundation would only be able to share high level details of strategic grants.