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The Arbitrum People group Is Coming To A Settlement On 2 New Proposition

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The Arbitrum People group Is Coming To A Settlement On 2 New Proposition

arbitrum

Key Points:

  • The Arbitrum people group is deciding on two proposition to grow the management and administration force of ARB token holders.
  • At the time of writing, the support rate for the two proposals is higher than 98 percent.
  • Prior to that, 84% of voters cast negative votes for AIP-1.05, which would have returned 700 million ARB tokens.
The Arbitrum community has finally come to a consensus on Proposals 2 AIP-1.1 and AIP-1.2, as they are being supported at the moment and may be approved tomorrow.
arbitrum

The Arbitrum community is voting on two proposals to increase the supervision and governance power of ARB token holders, AIP-1.1 and AIP-1.2, according to the Snapshot voting page. It will commence on April 11 and conclude early on April 18.

Proposition Arbitrum Improvement Proposition 1.1 (AIP-1.1) proposes setting the Establishment’s excess 700 million ARB in a “shrewd agreement controlled lock” to be opened north of four years. The proposal says that the foundation can’t use tokens until the community approves the budget for token allocation. In addition, a transparent report on the organization’s formation has been made available by the Arbitrum Foundation.

 

 

 

 

 

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The purpose of Proposal AIP-1.2 is to make changes to a number of the Arbitrum ecosystem’s governance documents, one of which is to lower the minimum number of ARB tokens needed to issue improvement proposals on the chain from 5 million to 1 million. The two proposals have a support rate of over 98 percent at the moment.

With 84% of votes against it, Arbitrum’s controversial AIP-1.05 to return 700 million ARB tokens failed. Notable holders place a high value on the viability of the platform, which raises questions about what the litigious funds will do next.

0x0eB5, olimpio.eth, 0xBbE9, galxe.arb, chainlinkgod.eth, and blockworksres.eth were among the notable token holders who cast their votes against AIP-1.05 with millions of ARB tokens. The perception that more minor voters are primarily concerned with increasing the value of Arbitrum’s governance token could be one of the reasons for voting against the proposal.

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