Arbitrum Community Introduces Snapshot Voting for Short-Term Incentive Program

PUBLISHED: Sep 12 2023 @ 15:21 | Comments (0) | More info about Azeez Mustapha

The initiation of snapshot voting marks a pivotal moment in the evolution of Arbitrum’s ecosystem, as it introduces the ‘Short-term Incentive Program’ proposal. This program seeks to allocate a substantial 75 million ARB rewards from the DAO treasury to further fortify the already active Arbitrum protocol.

Notably, the highest-voted option, which advocates the allocation of 25 million ARB, has garnered an impressive 65.97% of the total votes cast. This highlights the resounding community participation and engagement in shaping the future trajectory of Arbitrum. The voting landscape is further enriched by options proposing 75 million ARB and 50 million ARB, reflecting the robust enthusiasm within the community for steering Arbitrum’s course.

This groundbreaking initiative represents a pioneering effort to direct a formidable reward pool of 75 million ARB from the DAO treasury toward enhancing the robustness of the already thriving Arbitrum protocol. This initiative serves as a proactive response to the pressing needs and aspirations of the community it serves.

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As the ongoing voting process unfolds, it has ignited substantial interest and active participation within the community. Remarkably, one option, which proposes an allocation of 25 million ARB, has garnered substantial support, amassing a significant 1.5 million ARB votes. This commanding show of support translates to an impressive 65.97% of the total vote share.

In parallel, another option advocating for the complete allocation of the 75 million ARB reward pool has also secured substantial backing, accruing 453,000 ARB votes, representing a noteworthy 20.05% of the overall votes.

Notably, the third option, advocating for the allocation of 50 million ARB, has captured a noteworthy share of the spotlight. With an accumulation of 296,000 ARB votes, this option commands a substantial 13.11% of the total vote share.

The ongoing snapshot voting process stands as a testament to the vibrant engagement and fervor within the Arbitrum community. It underscores their unwavering commitment to actively mold the path ahead for the protocol. The impending outcome of this vote carries significant weight, as it will shape the landscape of short-term incentives and resource allocation within the ecosystem, thereby leaving an indelible mark on the future trajectory of the Arbitrum network.

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