This is a formal announcement that the Application Period will end tonight, on September 27, 2023 11:59 PM EST.
Once the application period has concluded, any new applications will be withheld from the forum and will be placed in the forum queue until Round 2 of the program.
Round 1 of the program will proceed with the following timeline:
Review Period Begins: September 28, 2023 12:00 AM EST
Review Period Deadline: October 4, 2023 11:59 PM EST
Voting Period Begins: October 5, 2023
Voting Period Deadline: October 12, 2023
To clarify the process ahead…
During the Voting Period, eligible applications will be put to vote on Arbitrum Snapshot. StableLab will mark applications as ready for vote depending upon each application’s eligibility. To be eligible for Snapshot, programs must follow the following steps:
- Applications must integrate feedback to meet all of the aforementioned Application Requirements for the STIP program:
Applications must format their post correctly.
Once feedback is collected, applicants will need to change their application title from [DRAFT] to [FINAL] by the Review Period deadline: October 4, 2023 11:59 PM EST. At that time, all eligible proposals with the following formatted titles will be migrated to Arbitrum Snapshot to vote. The correct format for a proposal ready to move to vote looks like this: [Project Name] [FINAL] [STIP - Round 1].
If your proposal has NOT been formatted as such it will NOT proceed to Snapshot.
The voting period will allow delegates to vote to determine each application’s success. To succeed, eligible applications must receive a greater than 50% majority in favor of the proposal and exceed the 71.51 million ARB vote quorum outlined in the STIP proposal.
To kickoff the Review Period, StableLab is ingesting the rush of last minute proposals with plans to publish two posts tomorrow:
- A summary and review guide of existing applications for Delegates.
- A Community Call Schedule for both Applicants and Delegates.
Lastly, as we approach the voting period, StableLab and the STIP-ARB Multisig will publish additional information regarding the KYC process and the fund disbursement schedule and cadence for successful STIP Round 1 grantees.
We look forward to proceeding into the Review period tomorrow and we thank the DAO again for its support.