The Arbitrum community is voting on whether to invest 21.4 million ARB to support 26 projects
On November 8th, according to the Snapshot page, the Arbitrum community is currently voting on whether to increase the funding for 26 projects that did not receive enough funding in the first round of funding by 21.4 million ARB (approximately $24 million) all at once. These projects were not supported in the first round of the Short-Term Incentive Program funding last month due to a total funding cap of 50 million ARB. If the proposal is ultimately passed, the funding plan is expected to approve an additional 21.4 million ARB for these 26 projects by January 31, 2024. The proposal will end on November 14th and currently has a support rate of over 90%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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