According to ChainCatcher, according to the Snapshot governance page, Tally market director Frisson proposed a new proposal to improve governance mechanisms and enhance security by implementing ARB token staking.

The proposal plans to launch a liquid staking token called stARB through the Tally protocol, and introduce DeFi and Restaking to achieve token staking income and compound interest while retaining the governance delegation rights of holders.

Development work is expected to begin in August and a complete ARB staking implementation proposal will be submitted in October. After the proposal is passed, $2 million in ARB tokens will be provided as development funds.