The Snapshot voting page shows that the Arbitrum community voted to pass two proposals (AIP-1.1 and AIP-1.2) aimed at expanding the supervision and governance power of ARB token holders. The support rate of both proposals is currently above 98%. Proposal AIP-1.1 proposes to place the remaining 700 million ARB of the foundation in a "smart contract-controlled lock" and unlock it within four years.
According to the proposal, the foundation will not be able to use the tokens until community members approve the token allocation budget. In addition, the Arbitrum Foundation also released a transparency report on how the organization was founded.
Proposal AIP-1.2 seeks to amend several governance documents of the Arbitrum ecosystem, including lowering the threshold for the number of ARB tokens required to publish improvement proposals on the chain from 5 million to 1 million.
