Arbitrum has initiated a new proposal to increase the total budget for STIP incentives to 71.4 million ARB

ChainCatcher message, Arbitrum initiated a community proposal "to provide backup funding for successful STIP proposals," outlining a one-time rebate fund for all "approved but unfunded proposals" of Arbitrum STIP, intending to increase the total budget by 21.4 million to 71.4 million, while increasing the total number of participating agreements by 26, resulting in a total of 56 funded projects.

The plan aims to allocate ARB owned by the DAO to incentives, while utilizing the allocation system, consensus, and delegated due diligence already created by STIP 1.