Arbitrum DAO approves $23.54 million in standby funding to support projects that missed first round of grants

Cointime2023/12/03 02:36

By:Cointime

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Arbitrum DAO has approved a one-time "reserve fund" of $23.54 million to support 26 projects that missed out on the first round of funding. The initiative was passed with a two-thirds majority and aims to develop and incentivize projects on the Ethereum Layer 2 network.

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Arbitrum DAO approves $23.54 million in standby funding to support projects that missed first round of grants

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