Arbitrum Launches Native Governance Token ARB and Self-Executing DAO Governance Model

The Ethereum furniture 2 (L2) scaling solution Arbitrum has launched a autochthonal governance token named ARB and a self-executing decentralized autonomous enactment (DAO) governance model. The ARB token volition person an archetypal proviso of 10 billion, and coins volition beryllium airdropped to the Arbitrum DAO treasury, Offchain Labs (the institution down Arbitrum), Offchain Labs investors, users of the Arbitrum platform, and DAOs that are gathering with the L2 technology.

Arbitrum Launches Self-Executing DAO Governance Model That Aims for Increased Decentralization

Arbitrum, the L2 scaling project, has announced the motorboat of a self-executing DAO governance exemplary and a caller governance token called ARB connected March 16, 2023. “Today, the Arbitrum Foundation is highly excited to denote the motorboat of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the motorboat of ARB,” the squad tweeted connected Thursday. The ARB airdrop volition beryllium distributed to eligible Arbitrum ecosystem participants, and claiming begins connected March 23.

There is an archetypal proviso of 10 cardinal ARB tokens, and the system’s ostentation complaint volition max astatine 2% per year, according to the “airdrop eligibility and organisation specifications” page. The ARB tokens volition beryllium distributed to aboriginal users and DAOs that person utilized the Arbitrum ecosystem earlier artifact tallness 58,642,080 connected Arbitrum One, which occurred connected Feb. 6, 2023. Arbitrum besides noted that it believes the task is “leading the mode arsenic the archetypal L2 to motorboat self-executing governance.”

The self-executing strategy means that the decentralized autonomous enactment “votes astir on-chain actions volition straight person the powerfulness to effect and execute its on-chain decisions, without relying connected an intermediary to transportation retired those decisions.” In summation to the governance system, Offchain Labs has revealed Arbitrum Orbit, a permissionless solution for immoderate developer to physique a furniture 3 (L3) blockchain utilizing Arbitrum technology, according to the firm’s press release.

Arbitrum is somewhat precocious to the crippled successful presumption of L2s releasing autochthonal governance tokens, arsenic Optimism revealed the optimism (OP) token motorboat successful April 2022. Currently, OP is trading for $2.46 per unit, down much than 4% against the U.S. dollar implicit the past day. OP’s terms contiguous is 23.88% little than the $3.22 all-time precocious OP achieved 20 days agone connected Feb. 24, 2023.

The ARB airdrop announcement and eligibility qualifications further enactment that “a fig of anti-Sybil rules were established” to combat bots from taking vantage of the ARB airdrop. The squad besides noted that the capitalist and squad tokens are taxable to four-year lockups, “with the archetypal unlocks happening successful 1 twelvemonth and past monthly unlocks for the remaining 3 years.”

What are your thoughts connected the motorboat of ARB and self-executing DAO governance connected the Arbitrum L2 platform? Share your thoughts successful the comments conception below.

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