Extension of the Application Deadline
Due to the many STIP /Backfund protocols missing the May 3rd Deadline, we are extending the deadline to apply to Tuesday, May 14th at 11:59 PM UTC.
However, any Applications submitted after the initial May 3rd deadline will automatically require a challenge snapshot.
All challenge snapshots posted must receive at least 66% of the votes in favor of funding (Excluding abstain votes) in order to receive their bridge funding.
How to Apply Late
- Create a new forum thread in the STIP Bridge section of the forum
- Title thread [Protocol Name] STIP Addendum
- After creating an addendum thread, Applicants will be assigned an Advisor
- Use the Addendum Template to apply
- Applicants will then have until May 14th at 6:00 PM UTC to work with their advisor and finalize their addendum
Extension of the Challenge and Review Period
To give delegates more time to evaluate the success of STIP campaigns we will be extending the Challenge and review period until Monday, May 20th at 5:00 PM UTC
The ARDC will be posting an analysis and report of the STIP to give delegates a better understanding of which protocols were successful in their STIP campaigns.
Challenge Snapshots will now all start Monday, May 20th at 6:00 PM UTC.
What Happens During the Challenge and Review Period
- The Challenge and Review Period will run until May 20th, 5:00 PM UTC.
- Delegates will review the addendums to identify applicants they believe need further review before being funded. A full list of addendums can be seen here
- Delegates should comment as a reply to the addendums stating their intent to post a challenge snapshot and provide reasons why.
- The suggestion is to provide objective reasons, backed by data, on why a protocol participating to the STIP should not receive a STIP bridge funding.
- All late applications will automatically have challenge snapshots posted for them.
- Any challenge snapshot posted must receive at least 66% of the votes in favor of funding (Excluding abstain votes) in order to receive their bridge funding.
How To Post a Challenge Snapshot
- Any delegate with at least 500K ARB delegated can post challenge Snapshots
- If a DAO member, who does not have 500k ARB delegated, wants to post a challenge Snapshot, will have to seek the support of a delegate who has enough voting power to do so
- Challenge Snapshots should be posted using the Challenge Snapshot Template
- Challenge Snapshots should use the basic voting option on Snapshot
- All challenge Snapshots should be scheduled to start at 6:00 PM UTC on May 20th