Arbitrum community argues for memecoins over DeFi in $3.3 mill | DeFi & Ethereum News
Arbitrum community argues for memecoins over DeFi in $3.3 million DAO fund proposal
The Arbitrum Decentralized Autonomous Organization (DAO) is contemplating a $3.3 million memecoin fund to foster a memecoin-friendly ecosystem within the Ethereum layer-2 blockchain network, according to a March 24 proposal on the platform’s discourse forum. The author wrote the proposal in response to learning about new DeFi incentives, which they believe are throwing “more money at protocols so they can be farmed by whales/teams.”
