Arbitrum DAO - Ventures
Ventures Budgets (ARB)
+250m
478.7m
+225m
+3.5m
+191.7k
+52k
M&A for Arbitrum ADPC Subsidy Fund Arbitrum Ventures Initiative
Gaming Catalyst Program
Arbitrum Foundation's Strategic Partnerships Budget
Total
Gaming Catalyst Program
The GCP provided its first transparency report and gave an EOY update during December. During December 2024, it sent 44.9M ARB out of the multisig wallet - the Arbitrum Foundation confirmed the funds sit in a Foundation-controlled multisig and therefore we have removed this amount from the spent figures. To date, the GCP has not deployed capital for investments or grants. In the GCP's transparency report, they reported the below spending to date. Note these figures have not been verified as they occurred mainly off-chain.
General Legal Fees: $60.4k Entity Set-up & Related Legal Fees: $568.2k Marketing, Events & PR: $17k
General & Admin: $553.3k Investments & Grants: $0 TOTAL: $1.2M
ADPC Subsidy Fund
The full 3.5M ARB allocated to this venture were converted into USDC via Coinbase Prime. In total, the subsidy fund realized ~ USDC1.918M per the ADPC update thread. To date, USDC1.912M has been allocated towards security audits across 22 projects building on Arbitrum. The fees are allocated based on the tier projects fit into:
- Tier 1: 70% audit fee subsidy - Tier 2: 60% audit fee subsidy - Tier 3: 55% audit fee subsidy - Tier 4: 47% audit fee subsidy
9 shortlisted security providers will receive the subsidy payments upon completion of certain deliverables and documentation.
16
Made with FlippingBook - PDF hosting