On September 28, the application period for the first round of funding of Arbitrum's short-term incentive plan ended at 11:59 Beijing time on September 28, with a total of 106 projects submitting applications during this period. It is reported that the review period for the first round of funding is from 24:00 on September 28 to 11:59 on October 5, Beijing time, and a vote will be held the following week.

106 project parties submitted “money-seeking” proposals to Arbitrum in the past month

BlockBeats reported on September 4 that the Arbitrum Incentive Working Group submitted the "Arbitrum Short-term Incentive Plan" AIP proposal in the Arbitrum Community Forum. The proposal aims to allocate rewards of up to 75 million ARB from the DAO treasury to the active Arbitrum protocol. to meet the short-term needs of the community. On September 18, the voting on the “Arbitrum Short-term Incentive Plan” proposal ended with 0 opposing votes.

Just three days after the vote ended, the cross-chain protocol Wormhole submitted a funding proposal to the Arbitrum community on September 21, applying for funding of up to 2.5 million ARB tokens.

On September 25, no one claimed the ARB airdrop worth $56 million and was transferred to the DAO treasury. At this point, the project party’s “ecological arbitrage” behavior has become more frequent.

On September 26, cross-chain lending protocol Radiant Capital submitted a strategic proposal to Arbitrum DAO, applying for funding of up to 3.36 million ARB tokens. On the same day, the decentralized trading platform Trader Joe released a proposal in the Arbitrum community to apply for 1.83 million ARB grants from the Arbitrum DAO treasury.

On September 27, RabbitHole, the Web3 on-chain operation incentive platform, released a proposal in the Arbitrum community to apply for a 1 million ARB grant from the DAO treasury.

On September 28, GMX submitted a detailed funding application to Arbitrum, applying for funding of up to 14 million ARB tokens. On the same day, Camelot applied to the Arbitrum community for funding of up to 3.09 million ARB tokens. At the same time, Pendle Finance also submitted a Lighthouse funding application of 2 million ARB to the Arbitrum community.

In addition, according to incomplete statistics from BlockBeats, there are 106 projects including Lido Finance, Aave, Curve, Frax Finance, etc. that submitted applications to Arbitrum during the incentive program period.

The Arbitrum community previously passed the "Incentive Plan" in order to revive the ecological vitality

BlockBeats reported in mid-September that Arbitrum Network TVL fell below $5 billion. In order to revive its ecological vitality, the Arbitrum team and community launched a series of "incentive programs".

In addition to the "Arbitrum Short-term Incentive Plan" AIP proposal submitted by the Arbitrum Incentive Working Group on September 4, Arbitrum officially announced on social platforms on September 27 that its Odyssey event has been re-launched, and the first task has been launched on GMX , after completing the task, it will take a few days to prove the user's qualifications to apply for the NFT badge. However, according to official documents, the Arbitrum Odyssey restart will not have any form of airdrops or rewards.

**Related reading: "****No one received the US$56 million airdrop. Can incentives activate the Arbitrum ecosystem again?" **》

"But Arbitrum's series of incentives have not improved its ecological activity. Arbitrum TVL has not grown significantly in the past few months. As of now, according to L2BEAT data, Arbitrum TVL is 5.6 billion US dollars, and the ARB token price is $0.81.

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

After Arbitrum proposed incentives, many projects began to submit proposals to the Arbitrum community to apply for ARB grant funding. "

The application period for the first round of funding for this "Incentive Plan" ended at 11:59 on September 28, Beijing time. Whether Arbitrum's ecological vitality can improve, BlockBeasts will continue to track the latest progress.