Arbitrum DAO - Ecosystem Incentives contd.
STIP Bridge
Bridge Program Funding Requested and Received - March 2023 to July 2024 (ARB)
15m
14.1m
12.5m
10m
7.5m
6m
5m
4.3m
3m
2.7m
2.3m
2.5m
1.5m
1.5m
1.4m
1.1m
1m
1m
1m
1m
950k
900k
772.5k
750k
755k
750k
750k
713k
666.7k
503.3k
500k
333.3k
250k
0
ARB Requested 37m
ARB Received 13.5m
The STIP Bridge aims to sustain and enhance Arbitrum’s market leadership by extending support to key protocols amidst intense competition from other Layer 2 solutions. It serves as a strategic interim solution, maintaining incentive alignment and ensuring continuous engagement of vital projects within the Arbitrum ecosystem until the Perpetual Incentives Program is initiated. To date, 13.5M ARB has been sent to protocols under the STIP Bridge program - note that the participants in STIP bridge are the same protocols that were funded under STIP and STIP Backfund. It is worth noting that, post the queries raised around Synapse's use of their STIP Backfund funding, they subsequently withdrew from the STIP Bridge program. There will therefore be a 1M ARB difference between allocated funding and what was sent relating to Synapse (i.e. in addition to any other potential differences that will be covered in a future report).
20
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