After a Successful DAO Vote, Arbitrum decided to Launch the 1 Phase of the $gARB Distribution

This proposal has been flagged. It may contain scams or misleading information. Please proceed with caution.

Background Arbitrum's DAO governance is considering altering Arbitrum Gold allocation rate, a newly approved function where 1% of volume fees are converted to $gARB. $gARB has the potential to increase transaction speed and reward holders, but will $ARB face market cap reduction if a derivative token supply is increased, or will the increase in bridge volume contribute to greater value for users.

Proposal Increase $gARB from 1% of volume fees to 2% volume to further incentive usage and reward the Arbitrum community. Maintain $gARB biannual rewards distribution timeline to incentive prioritization and bolster market sentiment. Currently, for every $1M of bridge volume, $10,000 will be allocated to the $sGOLD treasury. This proposal is suggesting to contribute $20,000 to $gARB for every $1M of volume, which will later be distributed to users based on wallet activity. A majority vote of 51% or greater is required for the protocol to implement this new addition.
What is $gARB and when is the first distribution? Arbitrum DAO has voted to implement $gARB rewards for the first distribution which is live for users from December 1, 2024 to December 15, 2024. Each $ARB holder is eligibility if their wallet is older than 7 days and they have made a txn with $ARB. $gARB distribution rate will be based on wallet solvency levels and volume.

If you haven't already, check HERE if you are eligibility for the Phase 1 $gARB Rewards Distribution.

Execution If this proposal receives a majority vote of 51% of greater, $gARB treasury allocation rate will be increase from 1% to 2% to further reward bridge users and hopefully increase overall bridge volume.

If the new rewards allocation rate is accepted it will be implement in the 2025 Q1 distribution.

Don't forget to check if you are eligible for the Phase 1 $gARB distribution if you have been an active $ARB trader and bridge user.

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start

November 22, 2024

9:38 PM

end

November 29, 2024

9:38 PM

Voting

off-chain

Voting type

single-choice

Voters

Votes

1,215

Final Votes

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I was eligible

1.2K ARB

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I wasn't eligible

0 ARB

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Mon 00, 2024 00:00

About Voters Analytics

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Voting

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Voting type

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Voters

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Votes

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TICKER

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