Fully supportive of backfunding successfull STIPs.
If a STIP was already voted in, I see no reason to add overhead and stress to delegates by doing another round of 100 applications to review.
A round 2 and future grant cycles should receive additional budget.
While the concern of additional sell pressure is justified, in case of Optimism, incentivizing multiple and diverse smaller projects did very well for the ecosystem, and token price if you will, and its where Arbitrum needs to step up, rather that awarding 50% of the total budget to existing well establish protocols who already have 7 digits worth of unspent ARB tokens…