According to BlockBeats, on October 19, the Snapshot page showed that Arbitrum launched a proposal to swap tokens with a series of blue-chip projects. Currently, 19 blue-chip projects have been identified, and it is planned to swap tokens with 3-7 of them. The total swap amount is capped at 2 million ARBs, and a single project will swap up to 500,000 ARBs.

In addition, the proposal proposes to incentivize users who still hold more than 50% of the ARB original airdrop tokens through this program.

As of the time of posting, the proposal currently has a 74% opposition rating and will end on October 25th.