Backfund Successful STIP Grants
Treasure DAO’s Arbitrum Representative Council (ARC) voted FOR this proposal on Snapshot.
As the DAO approved the initial round of STIPs, we believe that it is important to fund the smaller / newer projects that were at a disadvantage in the original selection process. This proposal will help boost the integrity of the original STIP. Moreover, the Arbitrum ecosystem would benefit from supporting these projects who have significant room to grow. Funding these teams will also help counteract governance and capital monopolies on Arbitrum by spreading $ARB among a more diverse group of users.
At the same time, we recognize some of the pitfalls of the initial iteration of the STIP and the uncertainty for any protocol or project who wished to apply for Round 2. As a council, we would like to see and further engage in the development of a Round 2 (3, 4, and so on) framework and move to forming a Long-Term Incentive Program (LTIP) as the DAO continues to progress, learn, and evolve to serve the interests of all builders and community members (current and future).