📢 The Arbitrum community supported the proposal to create a staking mechanism for ARB tokens! 💡

- At the suggestion of PlutusDAO, a staking contract will be created to incentivize ARB token holders.

- 66.7% of the vote approved allocating 1% of the total ARB supply (100 million ARB) to distribute staking rewards for 12 months.

- However, 33% of those who voted opposed this initiative.

- PlutusDAO stated that the final implementation schedule of the staking mechanism "depends on the outcome of the merchant resolution proposal, community review, audit schedules and subsequent findings."

- ARB price rose 2.5% to $1.13 on the news. 📈