What is this about?

This discussion revolves around the first round of STIP funding, which has seen requests significantly exceeding the allocated budget of 50M arb. The community is actively engaged in discussions about the proposals and their impact on the budget. The possibility of the DAO unlocking additional funds due to the program's success has also been brought up.

How is the community reacting?

The community is actively participating in the discussion, providing feedback on the proposals. This feedback is expected to influence the protocols to adjust their proposals, potentially bringing the total requested funds closer to the allocated budget. The suggestion by JoJo¹ to consider unlocking additional funds from the DAO due to the program's success has also sparked interest and further discussion.

Why this is positive?

The active participation of the community in the discussion and their feedback on the proposals is a positive sign of engagement and interest in the STIP funding process. The possibility of unlocking additional funds from the DAO, as suggested by JoJo¹, could provide more resources for the program, indicating its success and the community's support.

Why this is negative?

The main concern arising from this discussion is the significant oversubscription of the STIP funding requests, which have exceeded the allocated budget by more than double. This could potentially lead to some protocols not receiving the funding they need, causing disappointment and potential disruption. However, the final number may decrease as protocols adjust their proposals based on delegate feedback¹.