TechFlow news: Arbitrum's Short-Term Incentive Program (STIP) has completed its first round of voting. Out of 95 participating projects, 29 have been selected, 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.
Arbitrum launched the first round of STIP voting on October 7. This vote serves as an initial screening for all ecosystem projects intending to join the incentive program. After a subsequent final round of voting concludes, Arbitrum will allocate up to 50 million ARB in incentive funds to all qualified projects, aiming to boost ecosystem activity and attract more users and liquidity.
