Short-Term Incentive Program Voting Launched by Arbitrum Community

Crypto News – Snapshot voting by the Arbitrum community for the groundbreaking Short term Incentive Program proposal, known as AIP, has started. On September 18, 2023, the voting period will come to a close.

Short-Term Incentive Program Voting Launched by Arbitrum Community

In order to support the active Arbitrum protocol and meet the immediate needs of the community, this innovative project aims to distribute awards from the DAO treasury totaling an amazing 75 million ARB. Several proposals are fighting for support in the ongoing voting process, which has attracted noticeably significant interest and engagement.

The Arbitrum community has demonstrated its commitment to influencing the protocol’s future through this snapshot voting process, which highlights its passion and active participation. The result of this vote will have significant effects on how resources are allocated, and incentives are created in the immediate future, which will ultimately affect how the Arbitrum Network develops.

Vote Allocation of Proposals

Notably, the choice with the greatest allocation of 50 million ARB has received a lot of support. It has accumulated 4.1 million ARB votes, which represents a dominant 59.37% of the overall vote share. With 2.1 million votes, or 30.39% of the ballot, the option supporting the full allotment of 25 million ARB comes in second. It’s interesting to note that option three, which advocates allocating 75 million ARB, has also drawn considerable attention and received 630K ARB votes, or a solid 9,22% of the vote share.