JOJO Exchange STIP Proposal - Round 1
AI summary
This proposal is for JOJO Exchange to receive a grant from the Arbitrum Short-Term Incentives Program (STIP). The STIP is a program that allocates up to 50,000,000 ARB tokens to incentivize eligible protocols on the Arbitrum network. If approved, JOJO Exchange would receive a portion of these ARB tokens, contingent on meeting specific voting thresholds and completing administrative requirements like KYC and signing a grant agreement.
If this proposal passes, JOJO Exchange will receive ARB tokens, which they will likely use to boost their platform's activity and attract users. This benefits JOJO Exchange and its users, while potentially diluting the overall value of ARB tokens if many such grants are approved and distributed. The exact amount JOJO Exchange would receive is not specified here, as it depends on the total votes and the overall STIP budget allocation.
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…