Ethereum

Arbitrum

April

Foundation

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.</div>



<p class="has-drop-cap">Arbitrum Foundation, which recently <a href="https://tokenist.com/arbitrum-announces-dao-governance-token-airdrop-on-march-23/" rel="dofollow" class="deco-link">transitioned to a decentralized autonomous organization</a> (DAO) following the ARB token airdrop, <a aria-label="said it would likely not move forward (opens in a new tab)" href="https://twitter.com/arbitrum/status/1642653013062868992?s=20" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">said it would likely not move forward</a> with the controversial governance proposal that would have given the organization control over more than $1 billion worth of ARB tokens. The U-turn follows backlash from the community amid decentralization concerns.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Thanks to all the DAO participants and delegates for their feedback on AIP-1. It likely will not pass and we are committed to addressing the feedback received from the community.<br><br>More details in the thread <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;" /></p>&mdash; Arbitrum (<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;" />,<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9e1.png" alt="🧡" class="wp-smiley" style="height: 1em; max-height: 1em;" />) (@arbitrum) <a href="https://twitter.com/arbitrum/status/1642653013062868992?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 2, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h3 id="aip-1-proposal-is-decentralization-theatre-critics-say">AIP-1 Proposal is “Decentralization Theatre,” Critics Say</h3>



<p>The Arbitrum Foundation has backtracked on its controversial <a href="https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x3be7368a662d1cf12fa4da768d626edbc013be0dc7b994fef2e24d9a54e4033a" target="_blank" aria-label="governance proposal (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">governance proposal</a> and ratification vote following significant backlash from the community. Arbitrum said the proposal, known as AIP-1, would “likely not pass,” adding the foundation remains “committed to addressing the feedback received from the community.”</p>



<p>Over the weekend, Arbitrum Foundation submitted a proposal that would have granted the organization control over more than 750 million ARB tokens, worth around $1 billion, through a ratification vote for decisions Abitrum had already made. The move raised concerns among the community, resulting in significant criticism against the <a href="https://tokenist.com/explained-ethereums-scalability-problems-and-growing-backlash/" rel="dofollow" class="deco-link">Ethereum L2 solution provider</a>.</p>



<p>The community members said AIP-1 would have given too much control to a centralized entity and would undermine the organization’s decentralized nature. Critics such as the decentralization proponent Chris Blec said the proposal was “decentralization theatre.”</p>


<div class="cta-referral">

			<img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
	
	<div class="cta-referral__text">
		<p>Join our <a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a> and never miss a breaking digital asset story.</p>

	</div>

</div>


<h3 id="arbitrum-to-split-up-governance-package-into-subsections">Arbitrum to Split Up Governance Package Into Subsections</h3>



<p>Following the backlash, the foundation was forced to make a U-turn. It conceded that AIP-1 was too large and covered far too many topics, adding it would follow the community’s advice and break up the governance package into smaller segments.</p>



<blockquote class="wp-block-quote">
<p>“AIP-1 is too large and covers too many topics. We will follow the DAO’s advice and split the AIP into parts. This will allow the community to discuss and vote on the different subsections.”</p>
<cite>&#8211; Arbitrum wrote in the Twitter thread. </cite></blockquote>



<p>In addition, Arbitrum said that the 750 million tokens would be voted in a separate AIP. It is considering other options to improve accountability, including a vestige period of four years for the tokens. Further, tokens owned by the foundation cannot be used to vote, Arbitrum said.</p>



<p>The L2 scaling solution provider also said it would submit a budgeting proposal that will include transparency reports in an effort “to make the community aware of how the funds are spent over time.” Also, the Special Grants program, slammed by the community for its vagueness and lack of DAO involvement, would be rebranded to “Ecosystem Development Fund.”</p>



<p>Last month, Arbitrum announced the long-awaited ARB token airdrop, marking a landmark shift to DAO governance of its Arbitrum One and Arbitrum Nova networks. The network saw a substantial activity increase in the past several months amid the token airdrop speculation. ARB was down 5% in the past 24 hours and 89% since its airdrop.</p>


<div class="cta-sub js__cta-sub">

	<div class="cta-sub__start" data-step="1">

					<div class="cta-sub__title"><strong>Finance is changing.</strong></div>
							<div class="cta-sub__subtitle">Learn how, with Five Minute Finance.</div>
							<div class="cta-sub__excerpt">A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.</div>
							<button type="button" class="btn">Try it out (for free)</button>
			</div>

	<div class="cta-sub__form" data-step="2" style="display: none;">
									<script type="text/javascript"
						src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&#038;webforms_id=zw3Wv"></script>
						</div>

	<div class="cta-sub__result" data-step="3" style="display: none;">
		<div class="cta-sub__title">Awesome</div>
		<div class="cta-sub__caption">You&#8217;ve subscribed.</div>
		<div class="cta-sub__greeting">You&#8217;re well on your way to being in the know.</div>
	</div>

</div>



<p><em><strong>Do you think it is the right decision to split up the governance package into smaller segments? Let us know in the comments below.</strong></em></p>
<p>The post <a rel="nofollow" href="https://tokenist.com/arb-down-89-since-airdrop-as-mismanagement-leads-to-backlash/">ARB Down 89% Since Airdrop as Mismanagement Leads to Backlash</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

ARB Down 89% Since Airdrop as Mismanagement Leads to Backlash

目录

TokenInsight

发布于 2023年4月3日的其他文章

NILE's PFP Kari project sales started

The Magpie WOMboarding Round 2 is now live!

Solar (SXP) Price Surges Over 150% in the Last 7 Days

RaceFi — All you need to know

Rev Up Your Engines: Exploring Exciting Racing Maps in RaceFi

Bitcoin to face a ‘new ballgame’ if it breaks $30k resistance

订阅我们免费的电子期刊，获取每日最新加密领域动态！