​Arbitrum's DAO to receive over 3,350 ETH revenue from transac | Crypto Shake

​Arbitrum's DAO to receive over 3,350 ETH revenue from transaction fees

Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum's team and its community.

Ethereum layer-2 blockchain Arbitrum will distribute ETH tokens worth nearly $6.2 million to its decentralized autonomous organization (DAO), the project announced May 9 on Twitter. ARB holders must claim the rewards.

The funds to be collected are base fees and surplus revenue generated from network transactions. According to Arbitrum's tweet, a total of 3,352 ETH will be collected by its DAO. As internet-native organizations, DAOs are collectively owned and managed by their members. They have treasuries and make decisions through proposals voted on by the group.

Arbitrum is a popular scaling network used by many decentralized applications (dApps) and blockchain developers. All users pay a fee during transactions on Arbitrum One.