The Snapshot page shows that the vote on the "Funding Support for Successful STIP Proposals" draft by Arbitrum DAO has ended, with a final approval rate of 67.68%. It is reported that the draft plans to increase the total budget allocation (50 million ARB) of the original STIP proposal to 71.4 million ARB, and increase the total number of participating protocols by 26, for a total of 56 sponsored projects. The proposal plans to distribute ARB held by the DAO to incentive mechanisms, while utilizing the allocation system and consensus already created in STIP 1.

Arbitrum ecological DEX Camelot announced on X platform that it is finalizing the upcoming distribution of the ARB incentive plan. This plan will incentivize more than 60 pools, including blue-chip pools, native protocols, and some new partners. The quest is about to begin. On November 10th, Camelot announced on the X platform that the Arbitrum DAO has awarded Camelot 3 million ARB tokens for a 3-month incentive plan. The first batch of incentives will be launched in the next few days, which will be used to introduce new protocols, support native builders, and ensure long-term liquidity.

Scam Sniffer on X platform stated that a user lost $927,000 worth of GMX on Arbitrum 9 hours ago after signing a "signalTransfer (recipient address)" transaction to the GMX reward router.

Blockchain analyst Yu Jin reported that in the past two hours, an address has transferred 1,462,305 ARB tokens (worth $1.66 million) to Binance. These ARB tokens were withdrawn from Binance 21 days ago (on October 22) when the price was $0.835. If sold now, the seller would realize a profit of $440,000 (+37%). The same investor had previously invested in ARB in July and August, but suffered a loss of $120,000 at that time.

According to data from L2beat, the total value locked (TVL) in Arbitrum Nova has surpassed $25 million, reaching a historical high with a 7-day increase of 11.15%. According to the latest data from Dune Analytics, the current total amount of ETH bridged to Arbitrum Nova is close to 20,000, with a total on-chain transaction volume of approximately 190,000 transactions and over 150,000 unique user addresses bridged.

On November 10th, Snapshot page shows that the Aave community has initiated a vote for the ARFC proposal "Arbitrum USDC Migration". The vote will end on November 12th, and the current support rate is 35.96%. The proposal was put forward by Gauntlet, suggesting adjustments to the parameters of Aave-related pools on Arbitrum to facilitate the community's migration from bridged USDC.e to native USDC. Gauntlet proposes the following adjustments: "freeze" the USDC.e pool, increase the USDC supply limit to 50 million coins, and increase the USDC borrowing limit to 45 million coins.

According to Lookonchain monitoring, a whale holding 10,080 ETH ($19.4 million) spent 1,433 ETH ($2.6 million) at an average price of 1.045 to purchase 2.51 million ARB; and spent 1,038 ETH ($1.9 million) at an average price of 0.000001154 USD to purchase 1.65 trillion PEPE. The whale currently has a profit of $177,000 (+7%) on ARB and a profit of $159,000 (+8%) on PEPE.

The Uniswap-Arbitrum Grants Program (UAGP) will run from November 8, 2023 to May 9, 2024, with support provided by Direct Grants newly launched on Grants Stack. This 6-month program will provide ARB token grants ranging from $50,000 to $250,000 to developers building in the Uniswap-Arbitrum ecosystem. With 1.1 million available ARB tokens, the goal is to accelerate adoption and highlight the broad opportunities Uniswap brings to Arbitrum.

On November 8th, according to the Snapshot page, the Arbitrum community is currently voting on whether to increase the funding for 26 projects that did not receive enough funding in the first round of funding by 21.4 million ARB (approximately $24 million) all at once. These projects were not supported in the first round of the Short-Term Incentive Program funding last month due to a total funding cap of 50 million ARB. If the proposal is ultimately passed, the funding plan is expected to approve an additional 21.4 million ARB for these 26 projects by January 31, 2024. The proposal will end on November 14th and currently has a support rate of over 90%.

Snapshot page shows that Arbitrum DAO is voting on a draft proposal to "provide funding support for successful STIP proposals", with a current approval rate of 94.71% (but with fewer voters). The voting will end on November 14th. The proposal aims to increase the total budget allocation (50 million ARB) of the original STIP proposal to 71.4 million ARB, and increase the number of participating protocols by 26, totaling 56 sponsored projects. The proposal plans to distribute the ARB held by the DAO to incentive mechanisms, while utilizing the allocation system and consensus already created in STIP 1.