# STIP - Round 1: Voting Period Update

**URL:** https://forum.arbitrum.foundation/t/stip-round-1-voting-period-update/18725
**Category:** Short Term Incentives Program (STIP) Round 1
**Created:** [October 11, 2023, 2:53pm UTC](https://forum.arbitrum.foundation/t/stip-round-1-voting-period-update/18725 "2023-10-11T14:53:32Z")
**Posts on this page:** 1
**Showing post:** 3

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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: [October 11, 2023, 4:19pm UTC](https://forum.arbitrum.foundation/t/stip-round-1-voting-period-update/18725/3 "2023-10-11T16:19:40Z")

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# UPDATE: 50M ARB Budget Reached:

As of now the 50M ARB budget for STIP has been exceeded. This means there will be no Round 2 as there is no budget remaining.

Should the DAO wish to extend this framework, it may create a second proposal to either extend the budget for STIP to fund a Round 2 program OR create a proposal for an additional program to help meet the community’s extended demand for grants

I will continue to provide updates on the status of the funding as the voting period comes to an end.

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_[View the full topic](https://forum.arbitrum.foundation/t/stip-round-1-voting-period-update/18725)._