Jones DAO 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 vote is for Jones DAO to receive a portion of these incentives. If approved, Jones DAO would receive ARB tokens to boost its activities within the Arbitrum ecosystem, pending KYC and a grant agreement.
If this proposal passes, Jones DAO will receive ARB tokens, which could increase its liquidity and user engagement on Arbitrum. The overall Arbitrum treasury will see a reduction in its ARB holdings as these tokens are distributed to various protocols, benefiting the recipient protocols and potentially attracting more users to the Arbitrum network.
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…