📣📣 #ArbitrumDAO Community Approves Staking Proposal for #ARB Token Holders 🔥🔥🔥

November 1, 2023, the Arbitrum DAO community approved a proposal to activate token staking for ARB token holders. The proposal received 92% support from voters, with a quorum of 74% achieved.

The staking program will be funded by the Arbitrum treasury and will distribute ARB tokens to stakers over a 12-month period. The staking contract will be developed by the Arbitrum Foundation and will be deployed to the Arbitrum One mainnet once it is audited and approved by the community.

The Arbitrum DAO community has not yet announced a launch date for the staking program, but they are expected to share more details in the coming weeks.

Here are some of the benefits of staking ARB tokens:

- Earn rewards in ARB tokens. Stakers will earn a portion of the Arbitrum treasury in ARB tokens as a reward for their participation.

- Support the Arbitrum ecosystem. Staking helps to secure the Arbitrum network and makes it more attractive to developers and users.

- Participate in Arbitrum governance. Stakers will have the ability to vote on governance proposals that affect the future of the Arbitrum ecosystem.

Overall, the Arbitrum DAO's decision to activate token staking is a positive development for the Arbitrum ecosystem. It will provide ARB token holders with a new way to earn rewards and support the network, and it will also give them a greater voice in the governance process.

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