@arbitrum D.A.O. Grants is currently 120 days in. Quick pulse-check • 465 proposals received since launch (avg. 4 per day) • 60 proposals approved • $1.6m allocated • 23.7% of the $6.75m budget allocated Where’s the budget going so far? Gaming = 43.8% Education & Community = 37% Dev Tooling = 15.9% New Protocols = 4.4% Orbit = 1.1% The program is pacing itself, filtering harder, and funding projects that tighten Arbitrum’s feedback loop between builders and users. Plenty of dry powder left in the program; the question is whether teams are building projects that will help Arbitrum win.