Arbitrum Second Tier Network Community proposed to distribute a part of the accumulated income of the DAO among the holders of ARB governance tokens.
According to a recent statement from the developers, the decentralized organization has accumulated about 3352 ETH from base and excess fees.
The Arbitrum DAO has accumulated ~3,352 ETH in revenue,
The Sequencer will be refunded ~5,954 ETH which is the cost for posting all data to the Ethereum network.
How exciting is that?
— Arbitrum (💙,🧡) (@arbitrum) May 10, 2023
“Arbitrum is the only rollup that sends all excess commission income to its DAO,” the protocol added.
IN AIP it is said that the initiative will give an incentive to the community, and the ARB itself will go beyond the “useless governance token”. The reward will be proportional to the number of coins delegated by each holder.
To implement the idea, Arbitrum developers will have to create a special distribution mechanism. At the same time, the smart contract can be launched repeatedly in the future.
ARB holders need to apply to participate in the giveaway, but only delegated token holders will be able to receive the reward. The DAO will inform about the timing of distribution later.
In early April, the first AIP offered to the community caused a number of complaints from users. They mainly concerned the transfer of control over 750 million ARB to the Arbitrum Foundation. It was assumed that the fund will independently use these funds to provide grants for the development of the ecosystem.
Late community Arbitrum overwhelmingly rejected a proposal to return ARB tokens to the DAO treasury.
Recall that in April, network developers initiated the distribution of tokens among DAOs. The protocol transferred 113 million ARB — 1.13% of the total supply of the coin — to the addresses of 125 decentralized autonomous organizations.
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