Camelot 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 to eligible protocols. This specific vote determines if Camelot, a decentralized exchange on Arbitrum, will receive a grant from this program. If approved, Camelot would receive ARB tokens to incentivize its platform, pending a successful Know Your Customer (KYC) check and signing a grant agreement.
If this proposal passes, Camelot will receive a portion of the 50,000,000 ARB token budget, which could increase liquidity and user activity on its platform. This benefits Camelot and its users, while slightly reducing the remaining ARB available for other protocols in the STIP.
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…