Arbitrum’s new proposal plans to increase the total STIP incentive budget to 71.4 million ARBs

On November 16th, Arbitrum launched a community proposal to provide reserve funds for successful STIP proposals, outlining a one-time feedback fund for all "approved but unfunded proposals" of Arbitrum STIP. The total budget is proposed to be increased by 21.4 million to 71.4 million ARB, and the total number of participating protocols is proposed to be increased by 26, with a total of 56 funded projects.