Arbitrum community launches "Activate ARB Staking" proposal
According to Snapshot governance page on November 3, the Arbitrum community initiated a proposal to "activate ARB staking." The proposal suggests that since ARB has no native utility or earnings, it is recommended to approve the creation of the aforementioned staking contract and allocate 1.75%, 1.5%, 1.25%, or 1% of the total supply of ARB in the DAO treasury to the staking contract, and distribute it through the proposed locking mechanism during a 12-month experimental period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Standard Chartered sees bitcoin rebounding this weekend, bucking recent trend
After weeks of negative weekend returns, bitcoin may finally break the trend this weekend, according to a Standard Chartered analyst.The analyst expects bitcoin to hit $102,500 soon, citing a potential weekend rebound and ETF inflows.
Ethereum NUPL Indicates Growing Panic: A Look at How a $3K Shift May Alter Perspectives
SEC's Approval of 21Shares' ETH Staking Could Offset Anxiety and Bring New Optimism to Ethereum Investors
Changing the Balance: Nasdaq Makes Serious Cryptocurrency Call to SEC
US technology exchange Nasdaq has filed a cryptocurrency complaint with the US Securities and Exchange Commission (SEC).
Pig Butchering Just Got Smarter: 40% Surge Shows Scammers Moving Faster and Hitting Harder
Trending news
MoreCrypto prices
More
