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· 106 project parties submitted "money requests" to Arbitrum in the past month

· The Arbitrum community previously launched an "incentive plan" to revive ecological vitality

BlockBeats News, September 28th, the application period for the first round of funding for Arbitrum's short-term incentive plan ended at 11:59 on September 28th Beijing time, with a total of 106 projects submitted during this period. It is reported that the review period for the first round of funding will be from 24:00 on September 28th Beijing time to 11:59 on October 5th, followed by a week of voting.

106 projects submitted funding proposals to Arbitrum in the past month

BlockBeats reported on September 4th that the Arbitrum Incentive Working Group submitted an AIP proposal titled "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 as rewards to active Arbitrum protocol participants to meet the short-term needs of the community. The proposal was voted on and ended with 0 votes against on September 18th.

Only 3 days after the end of the voting, cross-chain protocol Wormhole submitted a funding proposal to the Arbitrum community on September 21, requesting up to 2.5 million ARB tokens in funding. The proposal can be found at https://www.theblockbeats.info/flash/178419?search=1.

September 25th, the $56 million ARB airdrop went unclaimed and was transferred to the DAO treasury. As a result, the project's "ecosystem arbitrage" behavior has become more frequent.

On September 26th, cross-chain lending protocol Radiant Capital submitted a strategic proposal to Arbitrum DAO, requesting funding of up to 3.36 million ARB tokens. On the same day, decentralized trading platform Trader Joe posted a proposal to the Arbitrum community, requesting an allocation of 1.83 million ARB tokens from the Arbitrum DAO treasury.

September 27th, Web3 on-chain incentive platform RabbitHole proposed in the Arbitrum community to apply for a grant of 1 million ARB from the DAO treasury.

On September 28th, GMX submitted a detailed funding application to Arbitrum, requesting up to 14 million ARB tokens in funding. That same day, Camelot applied for up to 3.09 million ARB tokens in funding from the Arbitrum community, while Pendle Finance also submitted a 2 million ARB Lighthouse funding application to the Arbitrum community.

In addition, according to incomplete statistics from BlockBeats, there are also 106 projects such as Lido Finance, Aave, Curve, and Frax Finance that have submitted applications to Arbitrum during the incentive program.

Arbitrum community previously launched an "incentive plan" to revive ecological vitality

BlockBeats reported in mid-September that the Arbitrum network's TVL had fallen below $5 billion. In order to revive its ecosystem, the Arbitrum team and community have launched a series of "incentive programs".

Except for the "Arbitrum Short-Term Incentive Plan" AIP proposal submitted by the Arbitrum Incentive Working Group on September 4th, Arbitrum officially announced on social media on September 27th that its Odyssey event has been relaunched. The first task was launched on GMX, and after completing the task, users need to wait for a few days to prove their eligibility for the NFT badge. However, according to official documents previously, there will be no form of airdrop or reward for the relaunch of the Arbitrum Odyssey.

Related reading: "56 million US dollars airdrop with no one claiming, can the incentive measures reactivate the Arbitrum ecosystem?"

However, the series of incentive measures by Arbitrum did not bring any improvement to its ecosystem activity. Arbitrum TVL has not significantly increased in the past few months. As of now, according to L2BEAT data, Arbitrum TVL is 5.6 billion US dollars, and the price of ARB token is 0.81 US dollars.

According to Dune Analytics data, most L2 networks have shown weak revenue growth in the past two months, with Arbitrum's revenue share shrinking the most...

After Arbitrum proposed incentive measures, many projects began to submit proposals to the Arbitrum community to apply for ARB funding.

The application period for the first round of funding for the "Incentive Plan" has ended at 11:59 on September 28th Beijing time. BlockBeasts will continue to track the latest developments on whether the Arbitrum ecosystem can improve its vitality.

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