Synthetix resubmits Arbitrum LTIP proposal, lowering grant request to 2 million ARB

Synthetix has resubmitted the Arbitrum LTIP proposal, reducing its total grant request from 4.5 million ARB to 2 million ARB. The changes are as follows:

-1 million ARB for LP incentives (originally 1.6 million ARB);

-900,000 ARB for transaction fee rebates (originally 1.8 million ARB);

-100,000 ARB for stablecoin liquidity (originally 500,000 ARB);

-60,000 ARB allocation for trading competitions and growth experiments has been removed.

Voting on the proposal has begun and will end on May 3rd.