Arbitrum community proposes to allocate 75 million ARB rewards to active protocols in the ecosystem.

BlockBeats reported on September 4th that the Arbitrum incentive working group submitted an AIP proposal for the "Arbitrum Short-Term Incentive Plan" on the Arbitrum community forum. The proposal aims to allocate up to 75 million ARB tokens from the DAO treasury to active Arbitrum protocols as rewards to meet the short-term needs of the community. The proposal is divided into two parts: financial proposal and application process. The financial proposal includes distributing 75 million ARB tokens to the multisig address of the plan, and an additional 370 million ARB tokens for community/project promotion and operational budgets. The plan will have two rounds of voting, with snapshot voting taking place on September 8th. The first cycle will run from September 15th to October 6th, including on-chain voting, application, review, voting, and fund allocation. The second cycle will run from October 6th to October 27th, including application, review, voting, and fund allocation. Projects applying for the funds cannot convert ARB tokens into other assets and must outline their spending plans, provide forms and explain their grant goals. They must also commit to providing key metrics data such as allocation, all ARB expenditure transactions, daily TVL, transactions, trading volume, unique addresses, and transaction fees. Each project can only receive one reward, and the Arbitrum working group offers four categories of evaluation funding, including Beacon Grants, Siren Grants, Lighthouse Grants, and Pinnacle Grants.