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.