Arbitrum initiates a vote for the Stylus development incentive program with a total of 5 million ARB

ChainCatcher news, Arbitrum has initiated a governance vote for the Stylus Sprint program, aimed at encouraging developers to adopt Arbitrum Stylus for developing smart contracts and tools by offering rewards of up to 5 million ARB tokens. The program lasts for one year, with an application period of 8 weeks. Applying teams are required to utilize Stylus technology to showcase their unique use cases and build foundational tools. Project teams must apply through a designated process, and an evaluation committee will screen based on the criteria outlined in the proposals, with a maximum application limit of 1 million ARB. Funds will be disbursed in phases based on project progress to ensure project deployment and long-term maintenance. Arbitrum has set this proposal to private, and the final results will only be viewable after the voting concludes.