# \[Premia\] \[FINAL\] \[STIP - Round 1\]

**URL:** <https://forum.arbitrum.foundation/t/premia-final-stip-round-1/17504>\
**Category:** Short Term Incentives Program (STIP) Round 1\
**Created:** [September 28, 2023, 1:19am UTC](https://forum.arbitrum.foundation/t/premia-final-stip-round-1/17504 "2023-09-28T01:19:14Z")\
**Posts on this page:** 1\
**Showing post:** 4

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**Author:** ![Matt\_StableLab](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/matt_stablelab/32/9258_2.png) [@Matt\_StableLab](https://forum.arbitrum.foundation/u/Matt_StableLab)\
**Post date:** [September 28, 2023, 3:08pm UTC](https://forum.arbitrum.foundation/t/premia-final-stip-round-1/17504/4 "2023-09-28T15:08:56Z")

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Hello @0xLamps thank you for your application!

Unfortunately, the following section of your proposal does not comply with the program rules as grant funds may only be used to incentivize Arbitrum contracts and can not be used directly as liquidity.

> [@dk3](#):
>
> Allocate 200k ARB as a direct deposit into the ARB CALL Pool as it becomes available.
> 
> - This will allow for better pricing on ARB Call Options, and allow for other protocols to experiment with advanced cross protocol strategies having competitively priced premiums.
> - Any premiums collected from selling ARB call options will be reinvested into Premia’s learn to earn program to grow the userbase of responsible options traders.
> - Based on current deposit, this would increase pool liquidity 50% (as of today’s numbers)

> [@How to Apply - Arbitrum Short Term Incentives Program](https://forum.arbitrum.foundation/t/how-to-apply-arbitrum-short-term-incentives-program/16545/1):
>
> **Can I use grant funding for operational costs?**
> 
> Funds are to be kept in ARB and used to incentive Arbitrum contracts. This funding is not meant support development or operational costs.

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