Furucombo STIP Proposal - Round 1
AI summary
This proposal is part of Arbitrum's Short-Term Incentives Program (STIP), which aims to distribute up to 50,000,000 ARB tokens as grants to eligible protocols. This specific vote is for Furucombo to receive a grant from this program. If approved, Furucombo would receive funding after completing KYC and signing a grant agreement with the Arbitrum Foundation.
If this proposal passes, Furucombo will receive a grant from the Arbitrum treasury, the specific amount of which depends on the total votes received and the overall STIP budget. This would benefit Furucombo by providing resources for its development and operations, while slightly reducing the Arbitrum treasury's ARB holdings. The impact on other protocols is that the total pool of 50,000,000 ARB for the STIP program will be reduced.
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…