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Arbitrum community launches vote to unlock token utility by enabling ARB staking, deadline: August 16
2024-08-09 10:34
Odaily News According to the Snapshot governance page, Frisson, head of market operations at Tally, initiated a proposal vote in the Arbitrum community to "unlock token utility by enabling ARB staking", which will end on August 16. The proposal proposes to unlock ARB utility by enabling ARB staking and improve the governance and security of the Arbitrum protocol, but will not temporarily enable the distribution of fees to token holders. By staking ARB, token holders will be able to capture value by delegating tokens to users who actively participate in governance. The proposal will also implement a liquid pledged ARB token (stARB) through the Tally protocol, which can automatically compound any future rewards, can be (re)staked, and is compatible with DeFi. In addition, the initiator of the proposal said that it will work with Arbitrum DAO to decide whether and how to fund the rewards and distribute the rewards between token holders and delegators.