In support of matching incentives for the equivalent amount.
Arbitrum’s largest DEX is Uniswap ($316m) and Arbitrum is Uniswap’s second largest deployment. As @AbdullahUmar mentioned, it’s good to double down on a thriving ecosystem, especially since success on one chain benefits UNI holders across all chains.
LTIPP is $45M worth so Uniswap should continue applying for larger amounts from future Arbitrum programs to continue growing. This incentive from Uniswap’s side will help to show mutual commitment.
If Arbitrum says that future funding should only go to newer, smaller projects, then a key benefit of Uniswap is that it directly helps new projects by supporting liquidity for their governance tokens. Future incentives could be allocated towards those pairs if it’s more aligned.