RabbitHole will receive 1 million ARB grants and distribute them to the community
Web3 on-chain incentive platform, RabbitHole, announced on X platform that the proposal to provide funding support for successful STIP proposals on Arbitrum has been approved. RabbitHole will receive a grant of 1 million ARB tokens and plans to distribute them to the community. Previously, the Arbitrum community voted on the on-chain proposal to provide funding support for successful STIP proposals. The proposal outlines a one-time funding support plan for all "approved but unfunded proposals" for Arbitrum STIP, which aims to increase the total budget by 21.4 million ARB to 71.4 million ARB and increase the number of participating protocols by 26, with a total of 56 funded projects. The plan hopes to distribute the ARB held by DAO to incentive measures while utilizing the distribution system, consensus, and delegation due diligence created by STIP 1.
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