2 years ago
Ethereum layer2 solution Arbitrum would airdrop 112.8 cardinal ARB tokens to 137 decentralized autonomous organizations (DAOs) connected its ecosystem connected March 23.
Arbitrum says airdrop is not a retroactive grant
In a March 21 Twitter thread, Arbitrum said the airdrop was not a retroactive grant. Instead, it was a mode of empowering the sub-communities connected the layer2 web to localize governance decisions.
Arbitrum added that the airdrops would beryllium distributed lone to projects with a DAO and a assemblage treasury. However, it made an objection for The Protocol Guild, a corporate of Ethereum halfway developers and contributors.
Arbitrum said it considered factors similar the project’s deployment day alongside whether it was multi-chain oregon autochthonal to its ecosystem. Other factors considered see the transaction volume, the full worth of assets locked connected the project, and autochthonal liquidity moved to the ecosystem.
It added:
“The anticipation and volition is that by distributing to Arbitrum DAOs, we’re capable to dispersed governance powerfulness much wide amongst users than solely allocating to those who were eligible for the airdrop.”
GMX to get 8 cardinal tokens
A breakdown of the airdrop organisation by Nansen showed that the decentralized speech GMX and TREASURE would get the highest magnitude of tokens — 8 cardinal each.
Other projects similar Uniswap (UNI) and SushiSwap (SUSHI) would get 4.3 cardinal and 4.2 cardinal ARB tokens, respectively.
MakerDAO, KyberSwap, DODO, Camelot, and 24 different projects would beryllium implicit 1 cardinal ARB tokens. ParaSwap, Chainlink (LINK), and 43 different projects would get implicit 200,000 tokens.
Meanwhile, the slightest magnitude of tokens — 75,000 — would beryllium distributed to 60 decentralized concern (DeFi) projects.
The station Arbitrum to airdrop 112.8M ARB tokens to DAOs connected its ecosystem appeared archetypal connected CryptoSlate.
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