Is there a possibility of the Arbitrum community starting to distribute grants? The answer is a resounding yes, as the stakeholders of the ARB tokens are in the process of finalizing the details of two significant programs worth millions of dollars. The Arbitrum DAO grants programs are on the horizon, with the goal of fostering ecosystem development through the allocation of ARB tokens from Arbitrum’s sizable treasury, valued close to $4 billion.
Details of the Proposed Grant Programs
The two proposed grant programs, requesting approximately $5 million in ARB tokens, are currently under consideration. One of the programs has been open to voting by ARB stakeholders since last week, and the second one is set to commence voting on Monday. These programs could potentially empower ARB token holders with significant grantmaking authority, allowing them to influence which programs receive funding and the amount they receive.
Collaboration and Pluralism in the Works
These two efforts, while distinct, are not in competition, according to DisruptionJoe, the pseudonymous founder of Plurality Labs, the organization behind one of the proposals. If both proposals are successful, the involved entities are keen to collaborate, setting a precedent of pluralism right from the outset, DisruptionJoe has commented.
Other Grant-seeking Efforts on Arbitrum
Besides these two active votes, other entities based on Arbitrum have been seeking their own multi-million dollar token allocations. One such entity is the trading DEX Camelot, although their effort was unsuccessful this week.
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