According to BlockBeats, on August 9, according to the Snapshot governance page, Tally's head of market operations Frisson initiated a proposal vote in the Arbitrum community to "unlock token utility by enabling ARB staking." The vote will end on August 16.
The proposal proposes to unlock ARB utility by enabling ARB staking and improve the governance and security of the Arbitrum protocol, but will not enable the distribution of fees to token holders for the time being. Through ARB staking, token holders will be able to capture value by delegating tokens to users who actively participate in governance.
The proposal will also implement a liquidity-staking ARB token (stARB) through the Tally protocol, which automatically compounds any future rewards, can be (re)staked, and is DeFi compatible.
In addition, the proposers said they would work with Arbitrum DAO to decide whether and how to fund rewards and distribute them among token holders and delegators.
