Silo Finance STIP Proposal - Round 1
AI summary
This proposal is part of Arbitrum's Short-Term Incentives Program (STIP), which has a total budget of 50,000,000 ARB tokens. It specifically requests funding for Silo Finance. If approved, Silo Finance would receive a grant from this program, pending successful Know Your Customer (KYC) verification and signing a grant agreement with the Arbitrum Foundation. The amount Silo Finance receives will depend on the number of votes it gets, as the total STIP budget is distributed among successful applicants.
If this proposal passes, Silo Finance will receive an allocation of ARB tokens from the 50,000,000 ARB incentive pool, which could boost its development and user engagement. The Arbitrum DAO benefits from increased activity on its network, while ARB token holders might see a slight dilution of the incentive pool for other projects.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
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…