Synapse Protocol 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 to boost activity on the Arbitrum network. This specific vote is for Synapse Protocol to receive a grant from this program. If approved, Synapse Protocol would receive ARB tokens to incentivize its users and operations, subject to meeting certain conditions like KYC and signing a grant agreement.
If this proposal passes, Synapse Protocol will receive an unspecified amount of ARB tokens from the Arbitrum treasury, which will likely be used to attract more users and liquidity to its platform. This benefits Synapse Protocol and its users, while slightly reducing the total ARB available for other protocols in the STIP program. The exact amount of ARB Synapse 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…