TechFlow news: Curve has launched a proposal vote within the Arbitrum community to apply for the Short-Term Incentives Program (STIP), seeking a budget of up to 50 million ARB to provide incentive grants to eligible protocols. Successful applicants will receive funding coordinated with the Arbitrum Foundation and the STIP-ARB multisig, subject to each applicant completing KYC and signing the Arbitrum Foundation grant agreement form. Funds will be allocated per grant based on the number of approval votes each proposal receives, until the total budget of 50,000,000 ARB is exhausted.
For the proposal to pass, it must meet a quorum threshold of 71.51 million ARB and secure more than 50% approval votes. The vote has now commenced and will conclude on October 13 at 18:00.
