Arbitrum Token Flow Report - August 2024

Arbitrum DAO Grant Programs

The Questbook Arbitrum Grants program focuses on anyone developing domain-specific projects on top of Arbitrum, ranging from education, gaming, and dev tooling to innovative ideas. Through the program, grantees receive milestone-based funding based on domain-specific needs outlined by the domain allocators elected by the community.

Questbook - Flow of Grant Funding

ARB

USDC/T

Grant 1 Budget

800,000

ARB Sent to Program Wallets

(800,000)

ARB Returned from Program Wallets

120,000

ARB Received from Program Wallets to Swap to Stablecoins

380,578

ARB Swapped into USDC for Programs

(424,398)

728,143

Stablecoins sent to Program Wallets

(675,000)

Stablecoins Returned from Program Wallets

61,000

Grant 2 Budget

3,300,000

Grant 2 Budget Swapped to Stablecoins

(3,300,000)

3,393,024

Stablecoins sent to Program Wallets

(3,081,000)

Funding Available for Operational Costs

76,180

426,167

ARB Swapped for Operational Spend

(2,797)

4,003

Funding Spent on Operational Costs

(73,383)

(219,080)

Remaining Funding

-

211,090

During August 2024, the Questbook program spent 32k USDC on operational costs - all relating to program managers. The wallet therefore has 211k USDC in it. There have been no additional ARB grants relating to the first round of Questbook - there have, however, been a few USDC grants. The updated total stablecoin grant spend is outlined below.

Questbook Grant Program Stablecoin Funding - 1st Round

263.5k

189k

183.1k

163.7k

164.9k

Remaining USDC Funding 264k

130k

118.9k

99.8k

75.5k

70.1k

54.5k

18.2k

Gaming

Developer Tooling on NOVA

New Protocol Ideas

Education, Community growth and events

Stablecoin Funding Received via Swaps 765.6k Stablecoin Grants Spent 502k Stablecoins Remaining in Wallets 263.6k

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