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Arbitrum · closed proposal

Rodeo Finance STIP Proposal - Round 1

0xF4B0…D8fA·ended 2y ago·Discussion ↗·MEDIUM RISK
Voters
22,394
ARB voted
158.41M
≈$12.41M
Token price
$0.08

AI summary

This proposal is part of Arbitrum's Short-Term Incentives Program (STIP), which allocates up to 50,000,000 ARB tokens to incentivize eligible protocols. This specific vote is for Rodeo Finance to receive a grant from this program. If approved, Rodeo Finance would receive ARB tokens, subject to a successful vote and completion of administrative requirements like KYC and signing a grant agreement.

Impact

If this proposal passes, Rodeo Finance will receive a grant in ARB tokens, which could help grow its platform within the Arbitrum ecosystem. The exact amount of ARB tokens Rodeo Finance would receive is not specified in this proposal, as it depends on the overall STIP budget and other successful applications. This could benefit Rodeo Finance users and the broader Arbitrum ecosystem by fostering development.

Read full proposal on Snapshot

Voting results

For128.08M (80.9%)
Against7.89M (5.0%)
Abstain22.44M (14.2%)
158.41M ARB · ≈$12.41M · 22394 votersblock 137921839

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Arbitrum

This is a proposal for the Arbitrum Short-Term Incentives Program, you can find the details of this specific protocol’s proposal in the forum link attached below.

The Arbitrum Short-Term Incentive Program comprises up to a 50,000,000 ARB budget earmarked for incentive grants for eligible protocols.

To succeed, an application must reach a 71.51M ARB Quorum and receive more than 50% of votes in favor of the proposal.

Successful applicants will receive funding following coordinati…

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