Annual Report | Arbitrum DAO | 2024
Arbitrum DAO - Ecosystem Incentives
Ecosystem Incentives Budgets (ARB)
200m
+45.7m
117.3m
100m
+21.5m
+50.1m
0
Short Term Incentives Program Short Term Incentives Program Backfund
Long Term Incentives Program
Total
Short Term Incentives Program (STIP)
The initial STIP proposal (AIP 9) allocated ARB50M to various DAO-funded incentives targeting active Arbitrum protocols. Aimed at fulfilling short-term community needs, the program planned to allocate DAO-owned ARB towards incentives while ensuring transparent consensus and distribution methods. It spanned two voting rounds and provided incentives to eligible programs designed to fund incentives through January 31, 2024. Granted funds were expected to be distributed by the end of January 31, 2024. The goals of the program were to: - Support Network Growth and accelerate the distribution of incentives to Arbitrum dApps to drive network and ecosystem growth. - Experiment with Incentive Grants and grant distribution to uncover new incentive strategies that increase user engagement and increase volume, transactions, and liquidity in the Arbitrum ecosystem. - Find new models for grants and developer support that generate maximum activity on the Arbitrum network. - Create Incentive Data on the efficacy of distributed grants to inform future incentive programs and incentive design. 30 projects were funded, with more than 74% allocated to the 11 largest proposals. Incentives were allocated to proposals across various types of projects, with perpetual future protocols receiving the majority of funding (45%), followed by decentralised exchanges (13%). Radiant claimed the full allocation of their budgeted amount (ARB2.9M) but subsequently sent ARB123.8K back to the multisig on March 30, 2024. Other protocols plan to return unused ARB due to either meeting goals with less ARB or low user activity. The rising ARB price allowed reduced ARB spending. Unspent ARB is being returned gradually to the incentives multisig, expected to complete by May 3rd 2024. Additionally, unclaimed ARB in hedgey streams will be reclaimed. All ARB in the incentives multisig will return to the Arbitrum DAO treasury in the coming months.
Program Budget ARB50M
STIP Operational Budget (ARB)
Multisig Signers 54k (57.4%) tnorm Project Facilitation 20k (21.3%) StableLab Review 20k (21.3%)
STIP Budgets (ARB)
15m
13.1m
12m
12m
11.8m
10m
6m
6m
5m
3.1m
3.1m
3m
3m
2.9m
2.7m
2m
2m
2m
2m
1.5m
1.5m
1.5m
1.5m
1.5m
1.5m
1.5m
1.5m
0
ARB Allocated
ARB Spend
15
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