Arbitrum DAO adopts $23M supplemental budget to fund all grant applicants

THE Arbitration community East expansion It is to agree program budget has on $70 million, proof A total of 56 projects.

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THE Arbitration DAO has confirmed THE disbursement of millions In additional tokens has funds all projects approved on It is last Short term Incentive Program (STIP), stimulate It is budget by $23.4 millions.

THE proposal, vote by THE Arbitration community between Nov. 18 And Dec. 2, research has distribute additional funds For projects approved For A to agree but not finance due has THE STIP cap of 50 million ARA tokens. THE recent vote will result In THE distribution of 21.1 million ARA tokens value $23.4 million has A additional 26 projects.

THE additional capital was approved by 216.7 million voice In service has 73.1 million against, bringing STIP total budget has 71.4 million ARA tokens. THE round will funds 56 projects has "support miscellaneous, emerging builders" And create A welcoming environment For new projects.

ARA holders approved THE addition of 21.1 million tokens For funding to agree applications. Source: Scoring/Arbitration

Arbitration East A layer-2 networking designed has ladder transactions on THE Ethereum blockchain, allowing funds has be transferred more quickly And has A lower cost. THE protocol East governed by ARA tokens holders And generates income through transaction fresh.

ChallengeLlama data watch that Arbitration generated on $180,165 In costs And $43,342 In income just on Dec. 1. In November, It is costs totalized $5.93 million, while It is income reached $1.47 millions.

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