Reading time saved: 3 minutes
5 replies, 280 views, 12 likes
The Dolomite STIP Program's bi-weekly updates cover the distribution and usage of ARB tokens as incentives, with plans to adjust the oARB vesting mechanism to encourage long-term investment, amidst mixed community reactions and concerns over the program's impact on the Arbitrum ecosystem. Future actions include distributing ARB, extending vesting durations, offering potential discounts for users, and returning unreserved STIP grant funds to the DAO, with Corey set to discuss these changes with the community.
The discussion revolves around the Dolomite STIP Program's bi-weekly updates, which are focused on the distribution and usage of ARB tokens as incentives on the platform. The updates, including those provided by Corey on 11/17/2023, detail the amount of ARB received, used, and the plans for the remaining ARB through the oARB Vesting mechanism. The updates also highlight the platform's performance metrics such as Total Value Locked (TVL), daily transactions, daily volumes, unique user addresses, and transaction fees. Future plans for the distribution of ARB and adjustments to the oARB distribution mechanism are discussed, including an increased max vesting duration and a linear discount for users who vest their ARB. Corey has responded to concerns about the use of STIP grant program funds, emphasizing transparency and community support for their program, and has mentioned that Dolomite is open to suggestions for future grant programs5. They plan to address the community about these changes early the following week.
The community's reaction is mixed. The platform's usage statistics show growth, with increased TVL, daily transactions, and daily volumes, as well as a significant rise in unique user addresses and transaction fees. The community has access to analytics dashboards for more detailed insights. However, Brisket4 criticizes the changes, suggesting they do not address previous issues and create a toxic environment. They accuse the actions of being self-serving and damaging to the Arbitrum ecosystem's reputation. Brisket also thanks FederalInformant for highlighting the issues with the STIP grants, which they believe have been detrimental to the ecosystem. Jerame20 expressed admiration for Corey's patience in addressing community concerns6.
Posted 17 days ago
Last reply 2 days ago
Summary updated 2 days ago
Last updated 04/12 15:05