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Arbitrum Launches DAO Governance and Achieves Second Stage of Decentralization

（Cointime,April 19th）The Arbitrum Foundation has launched DAO governance for its Arbitrum One and Arbitrum Nova networks, marking a significant step forward in decentralization. The $ARB token will give governance power to the DAO, with 12.75% of the token supply being airdropped on March 23.

The launch also marks the release of Arbitrum Orbit, which makes it easier for developers to launch their own customized Layer 3 chains using Arbitrum's technology stack. The self-executing governance process will allow the DAO's votes to directly execute on-chain decisions without relying on intermediaries, making Arbitrum the first L2 to achieve self-executing governance.

Arbitrum Arbitrum $0.91
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