The winners of the 40 million dollar incentive program launched by Arbitrum have been announced.
Arbitrum’s total worth $40 million Many projects applied to the incentive program where ARB tokens were distributed.
Arbitrum approved this program in September. Projects that receive grants cannot convert the tokens they receive into another token and cannot have a say in management.
The biggest winner of the program was GMX, which received 12 million ARB. their value $10 million slightly above. After that 7 million ARB Gains Network, which is eligible to receive it, is coming.
Lido Finance, one of the leading staking platforms, surprisingly failed to receive approval.