Arbitrum DAO
Arbitrum DAO
About
Arbitrum DAO is a decentralized autonomous organization (DAO) that governs the Arbitrum One and Arbitrum Nova networks. The DAO is built on the Ethereum blockchain and uses smart contracts to automate the governance process. ARB token holders can participate in the DAO by voting on proposals, electing members of the Security Council, and submitting proposals.
The mission of Arbitrum DAO is to “empower the community to govern the future of Arbitrum.” The DAO has a number of features that help to ensure that this mission is accomplished, including:
- A transparent voting system that allows token holders to have a say in how the DAO is run.
- A system of checks and balances that prevents any individual or group from gaining too much power.
- A treasury that is held in a decentralized manner, making it difficult for anyone to steal or misuse the funds.
Roadmap
Arbitrum DAO is still in its early stages, but it has the potential to revolutionize the way that Layer-2 scaling solutions are governed. By empowering the community and ensuring that funds are used in a responsible way, Arbitrum DAO can help to create a more equitable and transparent future for Ethereum.
Here are some additional details about Arbitrum DAO:
- The DAO was launched in March 2023.
- The ARB token is used to participate in the DAO’s governance process.
- The Security Council is a group of 11 members who are responsible for overseeing the day-to-day operations of the DAO.
- The DAO’s treasury is currently valued at over $1 billion.
If you are interested in learning more about Arbitrum DAO, you can visit the DAO’s website or join the DAO’s Discord server.
"Decentralized governance for the future of Ethereum."
Tokenomics
- Total supply: 10 billion ARB tokens
- Initial distribution:
- 42.78% to the DAO treasury
- 26.94% to the team and future team + advisors
- 17.53% to investors
- 11.62% to individual wallets
- 1.13% to DAOs in the Arbitrum ecosystem
- Tokenomics:
- ARB has a maximum inflation rate of 2% annually.
- ARB tokens can be used to participate in the DAO’s governance process.
- ARB tokens can be staked to earn rewards.
- ARB tokens can be used to pay for gas fees on the Arbitrum One and Arbitrum Nova networks.
BUIDL-ers