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Arbitrum’s Plan To Return 700 Million ARB Fails – Here’s Why

Arbitrum’s Plan To Return 700 Million ARB Fails – Here’s Why


Bitcoinist
2023-04-16 10:18:49

A controversial Arbitrum Improvement Proposal (AIP-1.05) that seeks to return 700 million ARB tokens to the DAO Treasury was met with overwhelming opposition on April 15. This proposal looked to overturn the unpopular decision of Arbitrum’s Foundation to transfer $1 billion worth of governance tokens to itself despite not receiving the DAO’s approval. Arbitrum, the


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