⚡ Arbitrum DAO Votes to Activate ARB Staking.
posted 6 Nov 2023
The proposal initially outlined a tiered system for token allocation,
offering options of 1%, 1.5%, or 1.75% of the total 10 billion ARB
supply as staking rewards.
The potential annualized percentage yield falls within a range of 7.84% to 78.43%, depending on the amount of ARB supply staked.
This
decision was strongly supported, with over 66% of DAO members voting in
favor of allocating 1% (equivalent to 100 million tokens) for staking.
However,
a 33% minority opposed the proposal, reflecting a community division
regarding the use of treasury funds for staking incentives.
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