Arbitrum DAO initiates ARB staking, unlocks ARB utility and coordinates governance proposal voting
On August 10th, Arbitrum DAO has released the ARB Staking proposal vote, which suggests implementing ARB staking to unlock the utility of ARB and improve the governance and security of the Arbitrum protocol without distributing fees to token holders. Through ARB staking, token holders who delegate to active governance participants will be able to receive value. ARB staking will allocate future rewards generated by the DAO (such as sequencer fees, MEV fees, validator fees, token inflation, and treasury diversification) to token holders who delegate to active governance participants. The proposal will also implement liquidity staking of ARB tokens (stARB) through the Tally protocol, allowing any future rewards to automatically compound, be (re)staked, and be compatible with DeFi. Additionally, the proposal will work with Arbitrum DAO to determine whether and how to fund rewards and distribute them between token holders and delegates. The proposal will end voting on August 16th.
The Arbitrum Foundation has extended the application deadline for Phase 3 of its grant program to July 31.
According to official sources, the deadline for applying for the third phase of the Arbitrum Foundation funding program has been extended to July 31, 2024.Previously, it was announced that the third phase of funding applications would begin on April 15, 2024, with a focus on dApps and the introduction of more standardized funding methods, primarily covering vertical areas such as gaming, NFTs, social media, DAOs, and DeFi.
Arbitrum Community Votes to Pass the “200 Million ARB Game Catalyst Plan” Proposal
The Tally page shows that the Arbitrum community has voted in favor of the "200 million ARB Game Catalyst Plan" proposal, which is currently in a pending state. The proposal aims to provide a three-year incentive plan for the Arbitrum ecosystem games, with a total of 200 million ARB tokens, with the goal of providing momentum for the Arbitrum gaming ecosystem through Web3 industry studios and games.
Arbitrum approves $225 million ARB proposal
The Arbitrum management has approved an on-chain vote to allocate 225 million ARB (currently worth about 225 million US dollars) to fund game development on Arbitrum. The initiative aims to make Arbitrum a leading blockchain in the gaming industry. There will also be a vote in the future to select a council to oversee the plan.
Arbitrum Community Launches On-Chain Voting for the "200 Million ARB Game Catalyst Plan" Proposal
On May 26th, the Arbitrum community's "2 Billion ARB Game Catalyst Plan" proposal has started on-chain voting. The proposal aims to provide a three-year incentive plan for the Arbitrum ecological game, with a total of 2 billion ARB tokens, with the goal of providing momentum for the Arbitrum game ecosystem through Web3 industry studios and games. The voting will end in 12 days.
Cointime's Evening Highlights for May 24th
1. CryptoPunks Launches “Super Punk World” Digital Avatar Series
A whale bought 4.17 million ARB 6 hours ago
A whale that previously lost over 4 million US dollars on ARB has started buying ARB again. Six hours ago, the whale accumulated 4.17 million ARB (worth 4.34 million US dollars) through a combination of withdrawals from Binance and on-chain purchases, with an average cost of 1.04 US dollars. The whale currently holds a total of 5.89 million ARB.
Arbitrum has approved a LTIP grant proposal for 2 million ARB to Synthetix
Arbitrum passed a proposal to allocate 2 million ARB tokens as LTIP grants to Synthetix, to expand the scale of Synthetix V3 and Perps V3 on Arbitrum, and provide incentives for traders and stakers.
Arbitrum announces partnership with DeLabs Games
Ethereum Layer 2 Arbitrum announced a partnership with web3 gaming company DeLabs Games on the 3rd. In this collaboration, Arbitrum plans to provide on-chain support for DeLabs' upcoming new games "Metabolts" and "Space Frontier". By using Arbitrum in these two games, users can play games at high speed and low network fees.
Arbitrum Community Releases Proposal on “Adopting RIP-7212 for Passkey-Based Wallets”
On April 21st, the Arbitrum community released a proposal regarding the adoption of RIP-7212 by Passkey-based wallets. The proposal states that adopting RIP-7212 will reduce the cost of using Passkey-based wallets on Arbitrum One and Nova, making it more feasible for daily use, and allowing DApp developers and protocols to provide a better user experience. Compared to typical EOAs, Passkey-based wallets offer better security levels and seamless cross-device support.
