TechFlow news: The Arbitrum Incentives Working Group has submitted an AIP proposal titled "Short-Term Incentive Program for Arbitrum" on the community forum. This proposal aims to allocate up to 75 million ARB from the DAO treasury to active Arbitrum protocols to meet short-term community needs. The proposal consists of two parts: a financial plan and an application process. The financial plan includes allocating 75 million ARB to a multi-sig address for this program, plus an additional 370 million ARB designated as operational budget for community and project development. The program will involve two voting rounds, with a snapshot vote scheduled for September 8. The first cycle runs from September 15 to October 6, including on-chain voting, application submission, review, voting, and fund distribution. The second cycle runs from October 6 to October 27, following the sequence of application, review, voting, and fund distribution.
Projects applying for funding must not convert ARB into other assets. They must outline their spending plans, provide documentation, and clearly state grant objectives. Applicants are required to commit to sharing key metric data, including allocation details, all ARB expenditure transactions, daily TVL, transactions, trading volume, unique addresses, and transaction fees. Each project is eligible for only one award. The Arbitrum working group provides four categories for evaluating grants: Beacon Grants, Siren Grants, Lighthouse Grants, and Pinnacle Grants.
