PYOR was chosen as one of the teams to evaluate Arbitrum’s incentive programs (STIP, Backfund STIP, and LTIPP) as part of the LTIPP research bounty selection process. More details on this initiative can be found here.
We are now publishing our First report: a preliminary report comparing the performance of different segments across all three programs.
This report includes:
- A summary of the performance of each segment across all three programs.
- Key insights and common patterns observed across all programs.
- ROI analysis.
- Detailed data tables and visualizations to support our findings.
We analyzed multiple segments based on 8 key metrics, with program performance serving as the benchmark for comparison.
Motive
The ArbitrumDAO has proposed the distribution of a total of 101.86 million ARB tokens to ecosystem protocols through three distinct programs: STIP, Backfund STIP, and LTIPP. Of this total, 95.95 million ARB tokens were claimed by grantee protocols and used for user incentives. The STIP program involved 30 grantees, Backfund included 26 grantees, and LTIPP had 88 grantees.
This study aims to assess the impact of these incentives on Arbitrum, identify the most influential segments, and derive insights that could help the DAO design more effective incentive programs in the future.
As LTIPP concluded in mid-September, there is insufficient post-incentive data to fully assess its long-term impact. This analysis will be included in our second report.
The report can be accessed here: PYOR - Arbitrum STIP, Backfund STIP, and LTIPP Incentive Efficacy Analysis Preliminary report.
Additionally, the data visualization dashboard can be found here: PYOR - Arbitrum Incentives Dashboard.
Our second and final report will focus on the categorization and analysis of incentivized wallet addresses, a qualitative analysis of segment leaders and their strategies, and will address any additional questions or requests from delegates and the Foundation. Please share any questions you would like us to include in our second and final report that haven’t been covered above.