The Arbitrum community plans to allocate 75 million ARB rewards to active protocols, with voting starting on September 8

ChainCatcher news, the Arbitrum Incentive Working Group submitted the "Short-term Incentive Program for Arbitrum" AIP proposal in the community forum. This proposal aims to allocate up to 75 million ARB tokens from the DAO treasury to active Arbitrum protocols to meet the community's short-term needs. The proposal is divided into two parts: the financial proposal and the application process. The financial proposal includes allocating 75 million ARB to the multi-signature address of the program, along with an additional 37,000 ARB for the operational budget of community/project promotion.

The program will undergo two rounds of voting, with voting taking place on September 8. The first cycle will run from September 15 to October 6, involving on-chain voting, applications, reviews, voting, and fund allocation. The second cycle will run from October 6 to October 27, sequentially involving applications, reviews, voting, and fund allocation.

Projects applying for these funds cannot convert ARB into other assets and must outline their spending plans, provide forms, and specify grant objectives. They must commit to providing key metrics data related to allocations, all ARB spending transactions, daily TVL, transactions, transaction volume, unique addresses, transaction fees, etc. Each applying project can only receive one reward, and the Arbitrum Working Group offers four categories for evaluating grants: Beacon Grants, Siren Grants, Lighthouse Grants, and Pinnacle Grants.