BlockBeats reported on November 6th that, according to the Snapshot governance page, the Arbitrum community approved the "Activate ARB Staking" proposal. As per the results, the community supports using 100 million ARB, which represents 1% of ARB's total supply, to finance the staking mechanism. This initiative seeks to further incentivize and foster the community's long-term development by offering rewards to long-standing holders. Over the following year, the new mechanism's effects will be evaluated on the ecosystem by the "Arbitrum Alliance" as they collect data.
