{"id":135664,"date":"2024-08-16T15:00:14","date_gmt":"2024-08-16T12:00:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135664"},"modified":"2024-08-16T12:13:06","modified_gmt":"2024-08-16T09:13:06","slug":"arbitrum-dao-to-boost-utility-with-major-upgrade","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/arbitrum-dao-to-boost-utility-with-major-upgrade\/","title":{"rendered":"Arbitrum DAO to Boost Utility With Major Upgrade"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/snapshot.org\/#\/arbitrumfoundation.eth\/proposal\/0xb581f3aed701ae889c1d79406acdf3d653e6eb4323cb5e46635f729e6313da4d\" rel=\"nofollow\">proposal<\/a><\/strong>, which concluded on August 15, received significant approval\u201491% from over 25,000 voters.<\/p>\n<p>The proposal focuses on introducing <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/arbitrum\/\">ARB<\/a><\/strong> 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.<\/p>\n<p>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.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135611\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-layer-2-hype-collapses-as-assets-and-tokens-plummet\/\" title=\"Bitcoin Layer 2 Hype Collapses as Assets and Tokens Plummet\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/blockchain-layer-2-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Layer 2 Hype Collapses as Assets and Tokens Plummet<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The DAO also faces challenges with ARB\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Arbitrum DAO has passed a proposal aimed at increasing the functionality of the ARB token and enhancing governance security.<\/p>\n","protected":false},"author":3,"featured_media":50419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,23],"tags":[385],"coin_category":[],"class_list":["post-135664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-blockchain","tag-arbitrum"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arbitrum DAO to Boost Utility 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