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Arbitrum · closed proposal

Sanko GameCorp STIP Proposal - Round 1

0x79C4…25E2·ended 2y ago·Discussion ↗·MEDIUM RISK
Voters
23,843
ARB voted
175.08M
≈$13.71M
Token price
$0.08

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 proposal is for Sanko GameCorp to receive a grant from this program. The amount Sanko GameCorp would receive depends on the percentage of 'For' votes it gets, relative to other successful proposals, until the total 50,000,000 ARB budget is depleted.

Impact

If this proposal passes, Sanko GameCorp will receive a portion of the 50,000,000 ARB token budget, which is currently worth approximately $50 million. This benefits Sanko GameCorp by providing funding, and potentially benefits the Arbitrum ecosystem by incentivizing development. The exact amount Sanko GameCorp receives cannot be determined from this proposal alone.

Read full proposal on Snapshot

Voting results

For94.27M (53.8%)
Against20.61M (11.8%)
Abstain60.20M (34.4%)
175.08M ARB · ≈$13.71M · 23843 votersblock 137922179

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Arbitrum

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…

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