Hello Arbitrum DAO,
First off, thank you to the community for making this program happen! Thanks to everyone who helped create this program, submitted proposals, took the time to read and comment on the forum, and voted on all 97 proposals!
Since the 50M ARB budget was exceeded with over 78M in successful proposals, the funding will be allocated based on the number of “For” votes according to the On-chain proposal seen below.
Congrats to the following proposals for becoming eligible for funding provided they pass KYC and sign the Arbitrum Foundation Grant Agreement.
| Protocol | Total “For” Votes | ARB Funding Amount |
|---|---|---|
| Camelot | 201,422,584 | 3,090,000 |
| Jones DAO | 199,095,833 | 2,000,000 |
| Dopex | 196,912,102 | 1,500,000 |
| GMX | 186,362,851 | 12,000,000 |
| Galxe | 184,518,014 | 500,000 |
| Lodestar Finance | 183,705,825 | 750,000 |
| Socket | 182,790,935 | 1,000,000 |
| Timeswap | 182,671,118 | 200,000 |
| Radiant | 181,686,359 | 2,852,044 |
| Pendle | 181,578,880 | 2,000,000 |
| MUX | 179,755,351 | 6,000,000 |
| Frax Finance | 179,487,684 | 1,500,000 |
| Tally | 178,820,757 | 200,000 |
| Rysk | 175,823,835 | 500,000 |
| Silo Finance | 174,539,484 | 1,000,000 |
| Stella | 174,206,609 | 186,000 |
| Good Entry | 173,680,896 | 200,000 |
| Gamma | 173,257,984 | 750,000 |
| Umami | 172,075,997 | 750,000 |
| Abracadabra DAO | 168,956,178 | 1,500,000 |
| KyberSwap | 168,458,945 | 1,500,000 |
| OpenOcean | 166,663,979 | 500,000 |
| Angle Protocol | 165,649,454 | 700,000 |
| Trader Joe | 163,085,345 | 1,510,000 |
| Dolomite | 161,210,868 | 1,000,000 |
| Premia | 160,791,209 | 900,000 |
| Vertex Protocol | 159,802,535 | 3,000,000 |
| Perennial Finance | 155,870,429 | 750,000 |
| Balancer DAO | 152,432,319 | 1,200,000 |
| WINR Protocol | 147,674,554 | 461,956 |
The Foundation will be reaching out to everyone who qualified with the next steps regarding KYC.
Those who receive funding will be required to provide bi-weekly updates and Dune Dashboards for self-reporting and monitoring (including the disclosure of incentivized contracts). I will follow up with all the grantees to explain how these updates will be documented on the forum.
More information regarding the timelines for the first payments will be provided after the KYC process has started.
As previously mentioned, since the ARB budget was used in its entirety during Round 1, this round marks the end of the STIP program.
Any extension of this program or further grants will need to be supported via a separate AIP.