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$ARB The Arbitrum DAO has adopted a new proposal which elevates the utility of the ARB token by introducing staking options and advancing governance structures. On August 15, the DAO community showed strong support for the initiative, with an impressive 91% of over 25,000 participants backing the proposal during onchain voting.

The newly approved measures focus on the introduction of a liquidity-staking ARB token, known as stARB, through the Tally protocol. This development is set to unlock significant functionalities for the ARB token by allowing holders to stake and delegate their tokens.

In return, they receive stARB tokens, which facilitate automatic compounding of rewards and ensure compatibility with various decentralized finance (DeFi) applications.

This strategy aims to boost active engagement within the Arbitrum ecosystem. Token holders who participate in staking and delegation will eventually be eligible for surplus sequencer fees, driving more involvement and addressing the previously low engagement levels.#bttc🤓 #ARB🔥🔥🔥 #BlackRockETHOptions #BinanceTurns7 #MtGoxJulyRepayments $ETH $ETH

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