ArbitrumDAO
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starknet ($STRK )vs arbitrum ($ARB )
Starknet without of doubt is a very good project. However, their technology is just as good as any other layer 2 solutions (e.g. polygon).
The only benefit of their system is that their snark algorithm relying a more standard assumption (i.e. collision resistance) than the assumption used in snark for polygon. Hence, for theoreticians, starknet can be considered more secure + quantum resistant than other L2 solutions.
However, to drive price up, one needs to rely on onchain activities + tvl. Currently, arb has 3b tvl, and strk only has 100m. Market cap of arb is at 2b, and strk is at 1.4b. I strongly believe that strk is overvalued.
#Write2Earn #strk #ArbitrumDAO
Starknet without of doubt is a very good project. However, their technology is just as good as any other layer 2 solutions (e.g. polygon).
The only benefit of their system is that their snark algorithm relying a more standard assumption (i.e. collision resistance) than the assumption used in snark for polygon. Hence, for theoreticians, starknet can be considered more secure + quantum resistant than other L2 solutions.
However, to drive price up, one needs to rely on onchain activities + tvl. Currently, arb has 3b tvl, and strk only has 100m. Market cap of arb is at 2b, and strk is at 1.4b. I strongly believe that strk is overvalued.
#Write2Earn #strk #ArbitrumDAO
Arbitrum DAO Greenlights Proposal for Token Staking Activation
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
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
#ArbitrumDAOChains are undergoing a fix for fee oversight in the ArbOS Version 20 " #Atlas " upgrade. The transaction fee structure, consisting of L2 and L1 fees, is being revised to better align with changes in the #Ethereum network, particularly the #DencunUpgrade . The proposed adjustments involve reducing the L1 surplus fee and the L2 base fee. While these changes aim to offer users lower fees and increased transaction throughput, they will impact the revenue received by the ArbitrumDAO. A temperature check is being conducted among the #ArbitrumDAO to discuss and vote on the proposed changes. If approved, a non-emergency security council action will be initiated to implement the configuration adjustments. The timeline includes a temperature vote on Snapshot, initiation of security council action, and activation of configuration changes. Additionally, community governance calls are scheduled to discuss technical changes and gather feedback. Despite the short-term impact on revenue, the fee adjustments aim to maintain competitiveness and potentially increase transaction traffic on the Arbitrum One network.
🚀 GMX announces an incentive distribution program for the 12 million ARB subsidy from Arbitrum DAO to boost liquidity and trading volume, with up to 2 million ARB allocated to growing the Arbitrum-based GMX V2 ecosystem. 🌐💰 #GMX #ARB #IncentiveDistribution #ArbitrumDAO #Crypto #DeFi
Wormhole Foundation announced receiving a grant of 1.8 million ARB from Arbitrum DAO, aimed at bridging 100 million USDC to Arbitrum by providing ARB rewards.
#ARB #ArbitrumDAO #Wormhole
#ARB #ArbitrumDAO #Wormhole
📣📣 #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.
#CryptocurrencyForecast #BinanceSquareTalks $ARB #BinanceSquareCommunity
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.
#CryptocurrencyForecast #BinanceSquareTalks $ARB #BinanceSquareCommunity
THE meme coin of Arbitrum
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AIRDROP NEXT 🪂 #ArbitrumDAO
Fair launched HRMBAE
TOKEN
NEW LAUNCH 📈
🦍 HRMBAE
MAIN INFOS:
✅ Fair launched
📈 0/0 TAX
🔥 Liquidity just locked 🔒 💰
🗣️ engagement incentives ✈️
🚀 LAUNCH
🔼HUGE MARKETING
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AIRDROP NEXT 🪂 #ArbitrumDAO
#ArbitrumDAO approves a temperature check proposal on #ARB staking. #LowestCPI2021 #BinanceLaunchpoolTON
#ArbitrumDAO approves M&A pilot as on-chain metrics suggest ARB may rally soon
Arbitrum DAO approved an eight-week pilot M&A program after 99% support for the proposal.
Key on-chain metric hints that Arbitrum is still in buy zone despite 7.5% rise.
Arbitrum could see a rally soon following an increase in its MVRV.
#arbitrum
Arbitrum DAO approved an eight-week pilot M&A program after 99% support for the proposal.
Key on-chain metric hints that Arbitrum is still in buy zone despite 7.5% rise.
Arbitrum could see a rally soon following an increase in its MVRV.
#arbitrum
🚀 GMX announces an incentive distribution program for the 12 million ARB subsidy from Arbitrum DAO to boost liquidity and trading volume, with up to 2 million ARB allocated to growing the Arbitrum-based GMX V2 ecosystem. 🌐💰 #GMX #ARB/USDT #IncentiveDistribution #ArbitrumDAO #Crypto #DeFi
🔥🔥🔥 #ArbitrumDAO approves temperature check proposal on $ARB staking
Arbitrum DAO Approves Proposal to Enhance ARB Token Utility and Governance Security
The Arbitrum DAO has successfully passed a temperature check proposal aimed at boosting the utility of the ARB token and fortifying the governance structure's security.
Initially proposed in June and recently subjected to an on-chain vote, the proposal garnered overwhelming support, with 91% of over 25,000 participants voting in favor.
The approved proposal introduces the ability for ARB token holders to stake and delegate their tokens in exchange for a liquid staked ARB token (stARB), which represents their stake. This stARB token will enable features such as auto-compounding of future rewards, #restaking options, and integration with decentralized finance (DeFi) applications, leveraging Tally’s liquid staking token system.
Additionally, ARB token holders who stake and actively delegate their tokens will be rewarded with future surplus sequencer fees, a measure designed to boost voter participation in the DAO.
The driving force behind this proposal is the underperformance of the ARB token in terms of value accrual. The proposal highlights that less than 1% of ARB tokens are actively engaged within the on-chain ecosystem, and voter participation has been on a steady decline since the DAO's inception.
Furthermore, the proposal addresses the growing need to prevent potential governance attacks, especially as the Arbitrum treasury becomes an increasingly attractive target.
Arbitrum, a leading optimistic rollup solution on Ethereum, continues to stand out as one of the top Layer 2 networks, with a total value locked (TVL) exceeding $2 billion.
Source - theblock.co
#CryptoTrends2024 #BinanceSquareTalks
Arbitrum DAO Approves Proposal to Enhance ARB Token Utility and Governance Security
The Arbitrum DAO has successfully passed a temperature check proposal aimed at boosting the utility of the ARB token and fortifying the governance structure's security.
Initially proposed in June and recently subjected to an on-chain vote, the proposal garnered overwhelming support, with 91% of over 25,000 participants voting in favor.
The approved proposal introduces the ability for ARB token holders to stake and delegate their tokens in exchange for a liquid staked ARB token (stARB), which represents their stake. This stARB token will enable features such as auto-compounding of future rewards, #restaking options, and integration with decentralized finance (DeFi) applications, leveraging Tally’s liquid staking token system.
Additionally, ARB token holders who stake and actively delegate their tokens will be rewarded with future surplus sequencer fees, a measure designed to boost voter participation in the DAO.
The driving force behind this proposal is the underperformance of the ARB token in terms of value accrual. The proposal highlights that less than 1% of ARB tokens are actively engaged within the on-chain ecosystem, and voter participation has been on a steady decline since the DAO's inception.
Furthermore, the proposal addresses the growing need to prevent potential governance attacks, especially as the Arbitrum treasury becomes an increasingly attractive target.
Arbitrum, a leading optimistic rollup solution on Ethereum, continues to stand out as one of the top Layer 2 networks, with a total value locked (TVL) exceeding $2 billion.
Source - theblock.co
#CryptoTrends2024 #BinanceSquareTalks
GMX's Vision for Utilizing Arbitrum's $12 Million $ARB Grant
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
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
