STIP-Bridge Operational Budget
AI summary
This proposal seeks to approve the distribution of 100,000 ARB tokens for the operational budget of the STIP Bridge program. These funds are intended to compensate the team members who managed the program, which involved advising various projects and distributing incentives. The funds have already been approved in a previous proposal and are held in a multisig wallet, meaning no new funds are being requested from the Arbitrum treasury.
If this proposal passes, 100,000 ARB tokens will be distributed to the STIP Bridge operational team, including 58,200 ARB for three advisors (JoJo, SEEDGov, Castle Capital), 34,300 ARB for a program manager (Matt Stein of StableLab), 5,000 ARB for a proposal writer (Alex Lumley), and 2,500 ARB for five multisig signers. This ensures that contributors who have already completed their work are compensated, but it does not involve new spending from the treasury.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract (TLDR)
- 100k ARB for the STIP Bridge Operations Budget was included in the Double-Down on STIP Successes (STIP-Bridge) Tally proposal published on April 16th, 2024, and approved with 60% majority and 14% abstain.
- All necessary funds already approved and in multisig: These funds are already stored in the multisig, ready to be distributed once the below Snapshot passes. No additi…