Arbitrum announced that the first round of voting for the Short-Term Incentive Program (STIP) application has begun, and the Arbitrum DAO can vote on a total of 95 application proposals. STIP applications must receive at least 71.51 million $ARB votes and more than 50% support to be approved. Voting will end at 10:00 Beijing time on October 13.

Previously, Arbitrum launched a short-term incentive plan to allocate a total of 50 million $ARB incentives to decentralized applications in the ecosystem to promote the growth of the network and ecosystem. The incentive plan is divided into two cycles. Projects that fail to apply in the first cycle can reapply in the second cycle. The current vote is the voting stage of the first cycle. All incentives are expected to be distributed before January 31, 2024.

Notable projects that have applied for Arbitrum’s short-term incentive program include Curve, Frax, PancakeSwap, Trader Joe, and more.

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