Arbitrum allocated 12 million ARB tokens to Camelot, but the proposal was not approved.

According to the snapshot voting results, the proposal to allocate 12 million ARB tokens from Arbitrum to Camelot did not pass. Among the participants, 38% voted against, 30% supported, and 32% abstained.



Previously, Arbitrum DAO initiated a proposal to grant Camelot DAO 2 million ARB tokens per month for the next 6 months, totaling 12 million ARB tokens. The funds were intended to support liquidity incentives for projects on Camelot that are centered around Arbitrum, including the introduction of new multi-chain protocols into its ecosystem.