Thales 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 proposal is for Thales, a decentralized options protocol, to receive a portion of these incentive funds. The amount Thales would receive depends on the percentage of 'For' votes it gets, relative to other protocols applying for the same program.
If this proposal passes, Thales will receive an allocation of ARB tokens from the 50,000,000 ARB incentive budget, which could help boost its growth and activity on the Arbitrum network. The Arbitrum DAO's treasury will see a reduction in its ARB holdings as these tokens are distributed. The specific amount Thales receives cannot be determined from this proposal alone, as it depends on the overall voting for all STIP applications.
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…