TechFlow News — The Arbitrum Foundation has submitted two new proposals to expand ARB token holders' budget oversight and governance rights, addressing last weekend's cryptocurrency governance collapse.
Proposal AIP-1.1 recommends placing the foundation’s remaining 700 million ARB tokens into “smart contract-controlled lockup,” unlocking over four years. According to the proposal, the foundation will not be able to use these tokens until community members approve the token allocation budget. Additionally, the Arbitrum Foundation has released a transparency report detailing how the organization was established.
Proposal AIP-1.2 aims to amend several governance documents within the Arbitrum ecosystem, including lowering the threshold of ARB tokens required to submit improvement proposals on-chain from 5 million to 1 million.
DAO members will have three days to provide feedback on the proposals, after which both will proceed to a one-week snapshot vote.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
