Arbitrum DAO - Ecosystem Incentives contd.
Long Term Incentives Program
The LTIP incentives ended on 2 September 2024, after which unused funding needed to be returned to the DAO. There were therefore no send events to protocols under the LTIP in November 2024 as the program has closed.
Several protocols returned funds to the LTIP Multisig during November 2024 as the timeline to use the incentives had expired.
LTIP
Rationale
Test new incentive designs to ensure the DAO is ready to commit to a long-term program
Incentive Budget (ARB)
45,000,000
Operations Budget (ARB)
735,000
Incentives Actually Allocated (ARB)
30,654,389
Number of Protocols Allocated Funding
86
Funding Sent (ARB)
29,852,827
Funding Returned (ARB)
(5,414,388)
Net Funding Spent (ARB)
24,438,439
Number of Protocols Sent Funding
84
LTIP ARB Allocation vs. Spend
+45m
(29.9m)
+5.4m
20.6m
ARB Budget
ARB Spent
ARB Returned by Protocols
ARB Unspent
In total, the LITP Multisig wallet had 30.6M ARB in it as at 30 November 2024 - this balance is made up from: - 85M being received via AIP's - 60.5M being sent to Hedgey to distribute incentives to protocols under LTIP and the STIP Bridge - 6M being received from protocols returning unused incentives (under STIP Bridge and LTIP) - 0.2M being sent to various parties under operating expense budgets
This was valued at close to USD30M as at 30 November 2024 - consideration should be made around the use of these funds as they have already been allocated out of the DAO's treasury.
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