A BREAKDOWN OF ARBITRUM'S SHORT-TERM INCENTIVE PROGRAM

Summary from the TLDR Crypto newsletter

Arbitrum's Short-Term Incentive Program (STIP) distributed 71M ARB to increase network activity, leading to $15.2M in sequencer revenue — 43% of total revenue during the period. However, with the program costing $85.2M, the $60M loss highlights the need for more efficient incentive strategies in the future.