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The Arbitrum DAO has announced the successful proposals that will receive funding, exceeding the 50M ARB budget by over 78M. The funded projects, subject to KYC and signing the Arbitrum Foundation Grant Agreement, span a diverse range and will provide bi-weekly updates and Dune Dashboards for transparency, although the exhaustion of the ARB budget in Round 1 may limit future funding opportunities.
This discussion revolves around the announcement made by Matt_StableLab regarding the successful proposals that will receive funding from the Arbitrum DAO. The funding was allocated based on the number of "For" votes, with the 50M ARB budget being exceeded by over 78M in successful proposals1. The proposals that became eligible for funding, provided they pass KYC and sign the Arbitrum Foundation Grant Agreement, include a wide range of projects and protocols1. The Foundation will contact everyone who qualified with the next steps regarding KYC. Those who receive funding will be required to provide bi-weekly updates and Dune Dashboards for self-reporting and monitoring1.
The community's reaction to this announcement is not explicitly mentioned in the summaries. However, the fact that the 50M ARB budget was exceeded by over 78M in successful proposals suggests a high level of engagement and interest from the community1.
This is positive as it shows the active participation of the community in the decision-making process. The successful proposals indicate a diverse range of projects and protocols that have the potential to contribute significantly to the ecosystem. The requirement for recipients to provide bi-weekly updates and Dune Dashboards for self-reporting and monitoring ensures transparency and accountability1.
The only potential negative aspect is that the ARB budget was used in its entirety during Round 1, marking the end of the STIP program. Any extension of this program or further grants will need to be supported via a separate AIP1. This could potentially limit the opportunities for future proposals to receive funding.
Posted 2 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 09/12 13:53