Original - Odaily
Author - Nan Zhi
Yesterday,Arbitrum adopted a proposal to “Fund Support for the STIP Proposal”, which proposed to reduce the total appropriation budget of the original STIP proposal.(50 million ARB) to 71.4 million ARB, while increasing the total number of participating protocols by 27.
Based on the project and incentive data in Snapshot, as well as the project track and data listed in DefiLlama, Odaily comprehensively summarizes the new incentive projects as follows.
STIP new project details
Gains Network
Incentive amount: 4,500,000 ARB
Project track: Perp DEX
Project TVL: $25.02 million (Arbitrum only, $7.53 million on Polygon)
Notes: The original application was for 7 million coins, which was eventually reduced to 4.5 million coins.
Synapse
Incentive amount: 2,000,000 ARB
Project track: Universal cross-chain liquidity network, Synapse connects blockchains by providing a scalable cross-chain communication protocol, supporting assets, smart contract calls, etc.
Project TVL: $55.18 million (Arbitrum only, $102 million for the entire chain)
Stargate Finance
Incentive amount: 2, 000, 000 ARB
Project track: Cross-chain facilities based on LayerZero
Project TVL:\
Wormhole
Incentive amount: 1, 800, 000 ARB
Project track: cross-chain bridge
Project TVL:\
Magpie
Incentive amount: 1, 250, 000 ARB
Project Track: Multi-Chain Revenue veTokenomics Improvement Service Provider
Project TVL: $45.52 million (Arbitrum only, $100 million for the entire chain)
Ramses
Incentive amount: 1, 248, 000 ARB
Project track: ve(3, 3) DEX
Project TVL: $13.72 million
WOOFi
Incentive amount: 1, 000, 000 ARB
Project track: Cross-chain DEX, bridging the deep liquidity of exchanges on the chain, enabling DeFi traders to trade according to scale and achieve low transaction fees and slippage
Project TVL: $6.57 million (Arbitrum only, $25.18 million for the entire chain)
RabbitHole
Incentive amount: 1,000,000 ARB
Project track: On-chain project task platform
Project TVL:\
dForce
Incentive amount: 1, 000, 000 ARB
Project track: DeFi protocol aggregation platform, covering assets, lending, transactions, etc.
Project TVL: $6.55 million (Arbitrum only, $29.37 million for the entire chain)
Vela
Incentive amount: 1, 000, 000 ARB
Project track: Perp DEX
Project TVL: $7.42 million (Arbitrum only, $7.7 million for the entire chain)
Shell Protocol
Incentive amount: 750, 000 ARB
Project Track: Aggregation DEX
Project TVL: $7.12 million
Notional
Incentive amount: 500,000 ARB
Project track: Fixed interest rate lending platform
Project TVL: $1.4 million
Thales
Incentive amount: 500, 000 ARB
Project Track: Peer-to-Peer Binary Options Protocol
Project TVL: $700,000 (Arbitrum only, $1.8 million for the entire chain)
Sanko GameCorp
Incentive amount: 500, 000 ARB
Project Track: Chain Games
Project TVL:\
unshETH
Incentive amount: 375, 000 ARB
Project Track: LSD Protocol
Project TVL: $6.21 million
Realm
Incentive amount: 300, 000 ARB
Project Track: Chain Games
Project TVL:\
Rodeo Finance
Incentive amount: 250,000 ARB
Project Track: Arbitrum Strategy Vault
Project TVL: $1.61 million
DefiEdge
Incentive amount: 200, 000 ARB
Project Track: Permissionless Liquidity Management Protocol on Uniswap V3
Project TVL: $2.38 million (Arbitrum only, $6.32 million for the entire chain)
Savvy
Incentive amount: 200,000 ARB
Project Track: Lending platform with features such as no liquidation, automatic repayment, and interest-free lending.
Project TVL: $971,000
Thetanuts Finance
Incentive amount: 200, 000 ARB
Project track: Structured options product platform
Project TVL: $22,000 (Arbitrum only, $9.55 million for the entire chain)
JoJo
Incentive amount: 200, 000 ARB
Project track: Perp DEX, which adopts the order book model of off-chain matching and on-chain settlement.
Project TVL: $371,000
StakeDAO
Incentive amount: 200, 000 ARB
Project Track: Pledge Revenue Sharing DAO
Project TVL: USD 69.3 million for the entire chain
Solv Protocol
Incentive amount: 150,000 ARB
Project track: Decentralized non-custodial asset management protocol
Project TVL: $23.94 million (Arbitrum only, $27.31 million for the entire chain)
TIDE
Incentive amount: 80,000 ARB
Project Track: A one-stop marketing platform for launching data-driven, personalized growth plans and analyzing plan impact
Project TVL:\
Furucombo
Incentive amount: 59,500 ARB
Project track: DeFi strategy aggregation platform
Project TVL:\
Tales of Elleria
Incentive amount: 50,000 ARB
Project Track: Chain Games
Project TVL:\
WINR
Incentive amount: 38,000 ARB
Project Track: Gambling
Project TVL: $3.32 million
PancakeSwap
Incentive amount: 0 (original 2,000,000 ARB)
Project track: DEX
Project TVL: $1.78 million (Arbitrum only, $1.443 billion for the entire chain)
Note: PancakeSwap canceled the incentive application due to KYC requirements
summary
It can be seen from the list of projects with additional incentives that the intensity of incentives varies greatly, ranging from incentives of more than one million coins to small incentives ranging from tens of thousands to one or two hundred thousand coins. On the other hand, incentives are mainly focused on DeFi projects, and several leading DEXs focusing on Arbitrum have received large allocations. There is no strong correlation between incentive amount and TVL. Projects with low TVL but high incentives may have potentially strong growth opportunities.
