CryptoArbitrum's 50 million ARB voting ends

Arbitrum’s 50 million ARB voting ends

According to news on October 13, the first round of voting for the Short-Term Incentive Plan (STIP) launched by Arbitrum has been completed. Among the 97 proposals submitted, 29 projects will be able to participate in this incentive plan according to Arbitrum rules, including Camelot, Jones, Dopex, GMX , Galxe, LODESTAR, Socket, Timeswap, RADIANT, Pendle, MUX, Frax, Tally, Rysk, Silo, Stella, Good, Gamma, Umami, Abracadabra, KyberSwap, OpenOcean, Angle, Trader, Dolomite, Premia, Vertex, Perennial and Balancer .

In early October, Arbitrum launched the first round of voting for the Short-Term Incentive Plan (STIP), which will allocate 50 million ARBs to promote network development. If the requested grant exceeds 50 million, it will be distributed according to the following principles: according to the number of votes in favor of the proposal, The time the proposal was posted to the forum.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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