• 03 October, 2024
Arbitrum

Arbitrum DAO Approves ARB Staking Proposal

The Arbitrum DAO has successfully passed a proposal aimed at enhancing the ARB token's utility and bolstering governance security. With 91% approval from over 25,000 participants, the proposal introduces ARB staking via a liquidity-staking token, stARB, through the Tally protocol. This initiative seeks to address ARB's underperformance by incentivizing active participation and preventing governance attacks, thereby strengthening the overall security and functionality of the Arbitrum ecosystem.

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