PANews reported on November 3 that according to the Snapshot page, Arbitrum DAO is voting on the "Activate ARB Staking" proposal, which, if approved, will allow ARB holders to lock their tokens in exchange for returns paid in tokens. The vote will end on November 6.
The proposal states that ARB has no original utility or yield, and therefore recommends approving the creation of the above-mentioned staking contract and allocating 1.75%, 1.5%, 1.25% or 1% of the total supply of ARB in the DAO treasury to the staking contract, and distributing it through the proposed lock-up mechanism over a 12-month experimental period. The proposed staking model also includes penalties for early exits to encourage stakeholders to maintain their investments, thereby aligning the commitment of token holders with the long-term goals of the ecosystem.
Currently, the vast majority of votes support the introduction of staking, with 52.83% of votes in favor of allocating 175 million ARB for the staking function, 21.21% of votes in favor of allocating 125 million ARB, 19.3% of votes in favor of allocating 100 million ARB, and 6.2% of votes against the proposal.
