Final STIP Update
Tally is excited to share how we distributed our STIP of 200k ARB. Our STIP’s primary goal was to foster the creation of DAOs on Arbitrum, aiming to cultivate long-lasting and sticky TVL locked in these DAO treasuries. We distributed funds directly into 3 DAO treasuries:
- 25k ARB to Open Dollar
- 5k ARB to Content Guild
- 70k ARB to Pixel Vault; Note: Pixel Vault is on Arbitrum Nova, so we must bridge funds to send them and use a native bridge to do so. We sent 1 ARB test transaction to PV, which will take a week. If this transaction works, we will send the remaining 69,999 ARB to PV. That will take another week. This process should be complete by April 15, 2024.
We also sent 100k ARB back to the Arbitrum STIP treasury, as we had planned to distribute it to GMX had the DAO launched on Arbitrum in time for the conclusion of the STIP period.
Finally, we hope to disburse STIP funds to GMX during STIP Double Down, should it pass and Tally be awarded funds to distribute. GMX has publicly announced plans to launch within the month of April.