Arbitrum DAO to Boost Utility With Major Upgrade
16.08.2024 15:00 1 min. read Alexander Stefanov
The Arbitrum DAO has passed a proposal aimed at increasing the functionality of the ARB token and enhancing governance security.
The proposal, which concluded on August 15, received significant approval—91% from over 25,000 voters.
The proposal focuses on introducing ARB staking and the new stARB token, which will facilitate staking and delegating ARB. This token will also support reward compounding and integration with DeFi platforms, though it will not involve immediate fee distribution to holders.
The initiative is expected to boost engagement within the Arbitrum network and address low voter turnout. Additionally, it aims to strengthen governance security by preventing potential attacks as the treasury expands.
The DAO also faces challenges with ARB’s performance, as fewer than 1% of tokens are currently active. In recent developments, Arbitrum allocated $215 million worth of ARB to its Gaming Catalyst Program and rejected a proposal to cover legal fees for Tornado Cash developers.
-
1
Offchain Labs Boosts ARB Token Acquisition as Crypto Struggles
12.03.2025 16:06 1 min. read -
2
Solana Faces Crucial Price Levels: Will a Reversal Happen or Will Decline Continue?
15.03.2025 22:00 1 min. read -
3
XRP Price Surge Expected as Ripple-SEC Case Nears Resolution
20.03.2025 21:00 2 min. read -
4
Ethereum Struggles Against Bitcoin as Analysts Warn of Further Declines
13.03.2025 19:00 1 min. read -
5
Analysts Predict Incoming Altcoin Season as Market Enters Accumulation Phase
22.03.2025 14:00 2 min. read
Pi Coin’s Volatility Continues: Will Q2 2025 Bring a Major Rebound?
Pi Coin has experienced dramatic price swings since its market debut, initially surging to an all-time high of $2.98 before rapidly losing momentum.
Is Ethereum Still a Strong Investment? Experts Weigh In
Quinn Thompson, CIO of Lekker Capital, recently stirred the crypto community by declaring Ethereum (ETH) “dead” as an investment.
Elon Musk’s Dogecoin Comments Stir Concern, But HODLers Keep Hope Alive
Dogecoin has been facing some significant challenges, with its price dipping after an attempt to break past critical resistance levels.
Crypto Whale Bets $27 Million on PEPE, Faces Liquidation Risk
A whale trader is navigating a precarious situation as their heavily leveraged PEPE position on Hyperliquid teeters on the brink of liquidation.
-
1
Offchain Labs Boosts ARB Token Acquisition as Crypto Struggles
12.03.2025 16:06 1 min. read -
2
Solana Faces Crucial Price Levels: Will a Reversal Happen or Will Decline Continue?
15.03.2025 22:00 1 min. read -
3
XRP Price Surge Expected as Ripple-SEC Case Nears Resolution
20.03.2025 21:00 2 min. read -
4
Ethereum Struggles Against Bitcoin as Analysts Warn of Further Declines
13.03.2025 19:00 1 min. read -
5
Analysts Predict Incoming Altcoin Season as Market Enters Accumulation Phase
22.03.2025 14:00 2 min. read
