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Trader Joe Applies for 1.83 Million $ARB Grant from Arbitrum DAO

Trader Joe Applies for 1.83 Million $ARB Grant from Arbitrum DAO

Trader Joe's team members posted a proposal on the Arbitrum Forum to request a grant of 1.83 million $ARB from the Arbitrum DAO to enhance Trader Joe's spot liquidity and thereby increase the trading efficiency of its platform, as well as to promote the Arbitrum ecosystem in order to attract more users to the Arbitrum ecosystem.

Trader Joe's states that the grant will be fully allocated to liquidity mining incentives and will be distributed to liquidity providers in the form of two incentives unique to its platform.

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Source

Arbitrum

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DEX

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