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TechFlow reported, according to TheBlock, that the Arbitrum DAO has approved an improvement proposal (AIP 1.1) to lock 700 million ARB tokens—worth $770 million—in a vesting contract. The funds will be gradually released to the Arbitrum Foundation over four years. The foundation stated that the funds will support initiatives built on Arbitrum technology.
The Arbitrum DAO has approved an improvement proposal (AIP 1.1) to lock 700 million ARB tokens, worth $770 million, in a vesting contract. The contract will gradually release the funds to the Arbitrum Foundation over four years. The foundation stated that the funds will be used to support initiatives based on Arbitrum technology.
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