Arbitrum

<ul><li>Over 25,000 ARB holders approve staking and governance improvements.</li><li>New stARB token introduced for liquidity staking via Tally protocol.</li><li>Proposal aims to increase token utility and secure DAO governance.</li></ul>The Arbitrum DAO has adopted a new <a href="https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xb581f3aed701ae889c1d79406acdf3d653e6eb4323cb5e46635f729e6313da4d" rel="noopener noreferrer nofollow">proposal</a> which elevates the utility of the ARB token by introducing staking options and advancing governance structures. On August 15, the DAO community showed strong support for the initiative, with an impressive 91% of over 25,000 participants backing the proposal during onchain voting.The newly approved measures focus on the introduction of a liquidity-staking ARB token, known as stARB, through the Tally protocol. This development is set to unlock significant functionalities for the ARB token by allowing holders to stake and delegate their tokens. In return, they receive stARB tokens, which facilitate automatic compounding of rewards and ensure compatibility with various decentralized finance (DeFi) applications.This strategy aims to boost active engagement within the Arbitrum ecosystem. Token holders who participate in staking and delegation will eventually be eligible for surplus sequencer fees, driving more involvement and addressing the previously low engagement levels.Furthermore, the proposal addresses concerns regarding the underperformance of the ARB token in accruing value, highlighting that less than 1% of ARB tokens are actively utilized within the onchain ecosystem. It also focuses on strengthening governance to prevent potential attacks, a necessary step as the Arbitrum treasury grows and becomes more appealing to malicious actors.<a href="https://cryptotale.org/arbitrum-dao-unveils-arb-staking-governance-upgrades/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Arbitrum DAO Unveils ARB Staking & Governance Upgrades

CryptoTale

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