The community wants the Arbitrum Foundation to implement the budget plan. Only after the token has been returned. “This is a symbolic gesture to show that the community is finally giving back control of the DAO and not the Arbitrum or the Foundation,” said one community member.
Voting ends April 14th, where at the time of writing, 55% of voters supported the proposal, 42% opposed, and 2% abstained.
After opposition from members of the Foundation community sayIn a forum post on April 2 that AIP-1 was ratified. not an offer It added that some of the tokens had already been sold as stablecoins. At the time, the Foundation noted that the first token regulatory efforts failed due to communication and decision-making issues at “Didn’t say clearly correctly”
A few days later, the Arbitrum Foundation published a proposal for improvements consisting of: AIP-1.1 This covers smart contract lock schedules, spending, budgeting, and transparency. AIP-1.2 to amend and reduce the offer threshold from 5 million ARB tokens to 1 million ARB “to make regulatory more accessible”
However, such efforts have not solved the problem with ARB holders. This has not been approved by any holder, so they must only be returned until appropriately allocated by the DAO.”
The post the community wants the Arbitrum Foundation to return 700M ARB to the DAO Treasury appeared first on Bitcoin Addict.