Arbitrum Proposes Returning 700M ARB Left To DAO After Rage
The Arbitrum community initiated the AIP1.05 proposal, which proposes that the Arbitrum Foundation return 700 million ARBs to the DAO Treasury following this week’s community uprising. The Arbitrum Community initiated the AIP1.05 proposal, which proposes that this Foundation return 700 million ARBs to the DAO Treasury. Voting will end at 8:52 am on April 15, 2023; the current approval rating is 66.57%.
Per previous news, the Arbitrum Foundation submitted two new proposals on expanding the custody and governance of ARB token holders to address the collapse of crypto governance this week. The first proposal, AIP-1.1, proposes to place the Foundation’s remaining 700 million ARBs in a “smart contract-controlled lock” that will be unlocked over four years. The second proposal, AIP-1.2, seeks to amend several governance documents of this ecosystem, including reducing the threshold for the number of ARB tokens required to issue on-chain improvement proposals from 5 million down to 1 million.
Source
https://t.me/Bitcoin_Crypto_Coin_Calendar
