CandleFocus Do DAO grants really work to stimulate growth?
2024-12-06
Author: Content Editor
The article discusses the impact of grant programs on the growth and efficiency of decentralized autonomous organizations (DAOs) in the crypto industry. It highlights that while grants have been effective in attracting users and developers, they also invite extractive rent-seekers and create inefficiencies. The article specifically focuses on the grant programs implemented by Arbitrum, a popular layer 2 scaling solution. The Short-Term Incentive Program (STIP) led to some ecosystem growth but also increased selling pressure and decreased value capture. However, it generated $15.2 million in sequencer revenue for Arbitrum. A subsequent grant program, the Long-Term Incentive Pilot Program (LTIPP), had a positive impact on sequencer revenues and lending and decentralized exchange markets but not on perpetual markets. The article suggests that while grants have benefits, their effectiveness varies depending on the specific market segments.
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