Hello @Vertex_Protocol thank you for submitting!
Unfortunately, your plan to use the grant funds to backstop fee discounts does not comply with the program’s rules.
The granted ARB must be distributed to incentivize Arbitrum Contracts. The ARB can not be held as a backstop as this could lead to it being sold or used in Arbitrum governance both of which are against program rules.
If I am misunderstanding the situation, please clarify this. Otherwise please make the appropriate changes to your proposal in order to become eligible for a snapshot vote.