Arbitrum community votes in favor of "Long-Term Incentive Pilot Program" proposal.
According to BlockBeats news on January 17th, as displayed on the Snapshot governance page, the Arbitrum community has voted in favor of the "Long-term Incentive Pilot Program" proposal, which will distribute ARB to protocols built on Arbitrum. The total cost of the program is 45,815,000 ARB.
The proposal aims to establish a long-term incentive pilot program for DAOs to test new incentive designs and answer questions to ensure that Arbitrum is ready to commit to a long-term plan. The program will distribute ARB to protocols over a period of 12 weeks.