Arbitrum community proposal AIP-1.05 fails to pass the ballot, 84% against

04/15 09:23

The Arbitrum community's proposal to "return the Foundation's remaining 700 million ARBs to DAOs" was rejected by 84.01% of the votes cast. It is reported that the Arbitrum community initiated a heat check vote on proposal AIP-1.05, proposing that the Arbitrum Foundation return 700 million ARBs to DAO Treasury. In addition, the price of Arbitrum's governance token, ARB, has risen by more than 8% in the last 24 hours. It is currently trading at approximately $1.66.

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