Arbitrum DAO Votes to Activate ARB Staking.

posted  6 Nov 2023
Photo - Arbitrum DAO Votes to Activate ARB Staking.
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.