26 projects that were not funded in the first round will be supported by a one-time reserve fund of 21.1 million ARB tokens, or around $23.54 million, approved by Arbitrum DAO. Though the program’s initial 50 million token budget prevented these initiatives from securing funding, they had already benefited from funding through the network’s Short-Term Incentive Programme (STIP).
Gains Network (4.5 million ARB), Stargate Finance (2 million), Synapse (2 million), PancakeSwap (2 million), Wormhole (1.8 million), Magpie (1.25 million), RabbitHole (1 million), dForce (1 million), and Vela (1 million) are among the 26 enterprises that will benefit from this investment. The proposal states that there will be a waiting time of three days before the awards are awarded.
