Rysk STIP Proposal - Round 1
AI summary
This proposal is part of the Arbitrum Short-Term Incentives Program (STIP), which aims to distribute up to 50 million ARB tokens to various protocols as grants. This specific vote is for Rysk, a protocol seeking funding from this program. If approved, Rysk will receive a grant, provided it meets the program's requirements like KYC and signing a grant agreement.
If this proposal passes, Rysk will receive an unspecified amount of ARB tokens from the Arbitrum treasury, which could help fund its development and operations. This benefits Rysk and its users, while slightly reducing the overall ARB available for other protocols in the STIP program. The exact amount Rysk would receive is not specified in this proposal.
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…