Post By: CryptosHeadlines.com

The Arbitrum DAO has given the green light to a proposal that allows ARB token holders to participate in token staking, enabling them to earn a yield in return. This yield will be sustained by the treasury and will be disbursed over a span of 12 months through a smart contract.

The decentralized autonomous organization of Arbitrum has granted approval to a governance proposal that allows holders of the ARB token to engage in staking their assets, thereby earning a yield paid out in the form of tokens. The funding for these rewards will be drawn from the Arbitrum treasury and will be disbursed over a 12-month period through the utilization of a smart contract.
The original proposal, which reached its finalization today, introduced a tiered system for allocating tokens, offering three options: 1% (100 million tokens), 1.5% (150 million tokens), or 1.75% (175 million tokens) of the total 10 billion ARB supply as staking rewards.
The decision reached by the DAO members leaned towards the allocation of the lowest tier, with over 66% of the members voting in favor of dedicating 1% (100 million tokens) to staking. However, a dissenting minority, constituting 33%, voted against the proposal, underscoring a community division regarding the utilization of treasury funds for staking incentives.
The annualized percentage yield is estimated to fall within the range of 7.84% to 78.43%, depending on the percentage of the ARB supply staked. Notably, this arrangement stands out as it enables stakers to earn token rewards from the treasury, in contrast to other mechanisms where tokens are staked to secure the network or distribute revenue.
Another Community Review
The DAO is gearing up to deliberate on a forthcoming proposal that will delve into the intricacies of the staking implementation. This will encompass key decisions such as selecting the technology service provider responsible for the implementation, outlining the associated contracts, and appointing an auditor to oversee the process’s integrity, as outlined in the proposal.
Following the completion of the contracts and audits, a two-week review period will be initiated, offering the community the opportunity to assess the implementations before they are set into motion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #Arbitrum #ArbitrumDAO

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The Arbitrum Foundation has revealed that they’ve transferred $57 million worth of unclaimed ARB tokens, which amounts to 69 million tokens, to the Arbitrum DAO treasury.
This decision differs from what Ethereum Layer 2 competitor Optimism did, as Optimism directly distributed unclaimed funds from its initial airdrop to eligible users.The Arbitrum Foundation has made an announcement stating that the remaining 69 million ARB tokens, worth $57 million, from the unclaimed airdrop, have been transferred to the Arbitrum DAO treasury.
This decision came after the community voted nearly unanimously to move these unclaimed tokens directly to the treasury, rather than placing them in a time-locked smart contract. Time-locked contracts restrict access to funds for a certain period or under specific conditions. This change was made through the Arbitrum Improvement Proposal AIP-7.
The Arbitrum Foundation shared this update on X (formerly known as Twitter) late on Sunday, stating, “The 69,448,385 unclaimed ARB remaining in the token claim contract has officially been moved to the Arbitrum DAO treasury as outlined in AIP-7. You cannot claim those tokens anywhere. Please be safe out there.”
Arbitrum DAO Treasury Grows with Unclaimed Airdrop Tokens
In March, the original Arbitrum airdrop token claim started, offering 1.16 billion tokens as rewards for early Ethereum Layer 2 network users, granting them governance powers over the Arbitrum One and Nova networks’ DAO. This airdrop accounted for 11.6% of Arbitrum’s total supply of 10 billion tokens.
Eligible recipients had until September 24, when Ethereum block 18208000 was reached, to claim their tokens. However, despite the six-month claim period, 69 million ARB tokens, equivalent to 0.69% of the total supply, remained unclaimed by the deadline.
As a result, the Arbitrum DAO treasury now holds a significant 3.6 billion ARB tokens, valued at $2.9 billion based on on-chain data.
The price of Arbitrum’s governance token initially dropped by nearly 1.5% to $0.81 following the announcement but has since recovered. Currently, it is trading at $0.82, as per CoinGecko data.
Differing Approaches to Unclaimed Airdrops: Arbitrum vs. Optimism
Arbitrum and Optimism, two Ethereum Layer 2 rivals, have taken different paths when dealing with unclaimed funds from their airdrops. In contrast to Arbitrum’s approach, Optimism decided to directly distribute unclaimed funds from its first airdrop in June 2022 to eligible users. Approximately 49 million OP tokens, valued at $61.7 million, remained unclaimed from an airdrop that initially offered 215 million tokens, equivalent to $271 million.
Optimism recently announced its third OP token airdrop for governance members, allocating 19.4 million OP tokens, worth $24 million, to 31,870 addresses.Since the launch of the Coinbase-incubated Layer 2 network Base in August, both Arbitrum and Optimism have seen a decrease in their daily average transactions. As of September 24, Base recorded a seven-day moving average daily transaction count of 921,000, surpassing Arbitrum’s 603,000 and Optimism’s 334,000 transactions.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoMarket #Bitcoin #CryptoNews #ArbitrumDAO #Arbitrum

In this article, we're going to uncover just how GMX will put to work the $12 million grant from #ArbitrumDAO .
We'll keep things simple and easy to understand!

Major Updates for GMX
GMX, a giant in the #DeFi space, has just hit a jackpot! Their brilliant proposal was given the thumbs up by the Arbitrum DAO.
What's the scoop? 12 million #ARB tokens will be distributed over GMX V2 and the Arbitrum DeFi ecosystem to fuel their growth. Mark your calendars because the action begins on Wednesday, 8 November!
💧 Liquidity Incentives
The #GMX Liquidity Incentives are all about rewarding those who contribute to the liquidity pool. It's a two-pronged approach:
- For GM Liquidity Providers: If you're adding to the liquidity pool, expect some $ARB love coming your way.
- For Migrating GLP Liquidity: Jump ship to GM pools and be greeted with incentives.
🔄 Trading Incentives
As you trade on GMX, you're not just making smart moves; you're also earning ARB tokens as trading fee rebates. These rebates are like a cashback that could cover your trading fees on GMX.
🤝 Grant Incentives
GMX is all about supporting growth and innovation. They've laid out three types of grant incentives:
- Micro Grants: Up to $10K for quick, innovative bursts.
- Open Grants: Up to $100K for ideas that make you go "Wow!"
- Requests For Proposal (RFPs): Tailored grants for bespoke solutions.
And that's it! With the ARB incentive program, GMX is creating waves, and you are welcome to join them on this exciting adventure.

Remember, every like, share, and comment helps me to keep providing quality content like this.
$GMX $ARB