- This will add value to the token
- In addition, the author of the proposal considers such a model an ideal option to encourage holders
Earlier this week Arbitrum Foundation informed that DAO will receive more than $5.8 million in commission income. The community has proposed distributing a portion of this income to ARB holders to make the token more than just a “governance tool.”
This initiative was initiated by a member of the quorum with the nickname “PSY”. The text of his proposal can be found Here.
The idea is to create a mechanism for the regular distribution of income received from base and excess commissions on L2. PSY did not specify how much of the DAO proceeds it proposes to share among quorum members.
Only those users who delegate ARB tokens will be entitled to such a “premium”. The larger the share, the higher the reward. PSY calls it “the logical next step for the network.”
In addition, he believes that by adding value, you can expand the useful functionality of ARB. PSY believes that the asset is now a “worthless governance token”, but the distribution of income could change this.
Note that the majority of commentators agreed with this proposal. Now the initiative is at an early stage of discussion and has not yet been put to a vote.
But there are those who did not like the idea:
“Turning ARB into a security is a frankly bad idea, forgive my cynicism. This threatens to be a regulatory nightmare, although I support that the DAO should physically own the profits made.”
Recall that the first Arbitrum quorum vote turned into a mess. The Arbitrum Foundation tried to ratify the decision to allocate a huge share of tokens for funding, which users did not like. More about it here.