Arbitrum Foundation Wants to Return 700M ARB Tokens
Tecnología La Fundación Arbitrum quiere devolver 700 millones de tokens ARB Hace 18 minutos Noticias de Bitcoin Ethereum The Arbitrum Foundation has submitted a new proposal to return the 700 million ARB tokens it had allocated to itself to the layer2 networks DAO treasury. Concerns about Arbitrums governance emerged after the Foundation exchanged $10 million worth of ARB tokens for stablecoins. At the time, the Foundation said the funds were necessary to keep its operation running. However, the community criticized the arbitrary allocation, adding that the actions were not in the spirit of decentralization. Arbitrums AIP-1.05 To rectify this issue, the Arbitrum Foundation submitted a new proposal, AIP-1.05, to refund the tokens. The proposal stated that the first “AIP-1 was a clear overreach of the DAOs power of treasury resources.” Thus, the return of the funds initially allocated would be a “symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation.” Additionally, the proposal would see the Foundation “buyback the ARB via Wintermute with whatever fiat is left from the $10M OTC sale.” Votes Divide Community The new proposal is already facing its share of controversies, as the community is currently divided in its views. According to the snapshot, 55.38% of the