**Arbitrum DAO Approves Major Proposal to Boost ARB Token Utility**
In a significant move for the Arbitrum ecosystem, the Arbitrum DAO has approved a proposal aimed at enhancing the utility of the ARB token and bolstering governance security. The proposal received overwhelming support, with 91% approval from over 25,000 participants, concluding its onchain voting on August 15.
**Key Highlights:**
- **ARB Staking Introduced:** The proposal enables ARB staking, allowing tokenholders to stake and delegate their tokens in exchange for a new liquidity-staking token, stARB, via the Tally protocol.
- **Enhanced Governance:** The stARB token will support automatic compounding of rewards, restaking options, and compatibility with various DeFi applications, encouraging greater active participation within the Arbitrum ecosystem.
- **Security Focus:** The initiative aims to address ARB token underperformance and low voter engagement, while also preventing potential governance attacks by creating a more secure governance structure.
This strategic move is expected to incentivize voter participation and safeguard the Arbitrum treasury, ensuring the integrity of the governance process.