Arbitrum Announces Airdrop for DAO Projects in Its Ecosystem

Following its recent airdrop for early adopters, Arbitrum has now unveiled a new airdrop allocation specifically for DAO projects within its ecosystem.

Arbitrum Announces Airdrop for DAO Projects in Its Ecosystem

On Twitter, Arbitrum stated that distributing governance tokens to a broader range of entities is crucial. Consequently, the Layer-2 ecosystem has decided to allocate a portion of its airdrop to DAO organizations that meet certain criteria.

The total amount of tokens allocated will be approximately 113 million ARB, representing 1.13% of the total supply.

“DAO projects on Arbitrum with a Treasury fund will be eligible for this airdrop. An exception to this rule is Protocol Guild, a team of core developers and contributors working on Ethereum.”

Arbitrum clarified that this airdrop does not equate to a Grant program. Therefore, there will be future allocations under the Grant category to provide additional funding for projects within the ecosystem to further develop the network.

The top 10 projects receiving the largest airdrop allocations include familiar names such as Treasure, GMX, Sushiswap, and Curve. To learn more about notable projects within the Arbitrum ecosystem, you can check out the article linked below.

Read more: Top 8 Notable Projects in the Arbitrum Ecosystem for 2023

This additional token allocation process by Arbitrum is crucial for fostering development and retaining users, especially as on-chain data shows a growing trend of capital seeking out ecosystems without existing tokens to "hunt" for airdrops.

Previously, on March 16, Arbitrum launched its ARB token and allocated 11.62% of the total supply to users who had engaged with its products early on.