An Arbitrum governance proposal would allocate an additional 100 million ARB from the DAO treasury to support USDG adoption on the network. According to Foresight News, Entropy submitted the proposal, which is undergoing an off-chain Temperature Check vote and would proceed to a formal on-chain vote if approved.
The proposed allocation would fund the DRIP DeFi incentives program, with changes to its season structure, a broader range of eligible activities, and an extended duration. The proposal would also direct net fee revenue from the Arbitrum Expansion Program (AEP) to the Arbitrum Treasury Management Committee (ATMC) to convert into USDG, and allow the committee to deploy assets to support USDG’s growth. It would designate the USDG program as a special project within Entropy’s existing scope of work.$NVDAB
The proposed allocation would fund the DRIP DeFi incentives program, with changes to its season structure, a broader range of eligible activities, and an extended duration. The proposal would also direct net fee revenue from the Arbitrum Expansion Program (AEP) to the Arbitrum Treasury Management Committee (ATMC) to convert into USDG, and allow the committee to deploy assets to support USDG’s growth. It would designate the USDG program as a special project within Entropy’s existing scope of work.$NVDAB