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In a temperature check vote conducted on Snapshot, members of the Arbitrum governance community voted in favor of the allocation of 1% of ARB's total supply as rewards toward the project's staking program.
The Arbitrum Coalition will keep track of the effects of the staking mechanism for 12 months, providing quarterly updates and qualitative reporting to the community.
Arbitrum has embraced a transformative governance proposal that empowers holders of the ARB token to engage in staking their holdings in exchange for a yield paid in tokens.
Throughout the week, Arbitrum swung within the range of 93 cents to 97 cents, with neither the bears nor the bulls able to establish dominance. However, on November 1, the bulls managed to seize control, propelling Arbitrum above the coveted $1 threshold for the first time since August.
In the fast-evolving world of cryptocurrency, seasoned strategists are closely monitoring Arbitrum (ARB), a groundbreaking Ethereum scaling solution that is making waves. ARB has recently achieved a significant milestone by transforming a crucial diagonal resistance into solid support.
In the past week, Arbitrum's ecosystem witnessed significant growth, characterized by rising activity and revenue.
The staking program will let users lock ARB tokens for up to a year and receive yield — some in the DAO expressed inflation and regulatory concerns
Arbitrum's governance community has cast a decisive vote to kick-start a staking rewards program. Over two-thirds of the members greenlit the initiative that promises to allocate 1% of ARB tokens from the treasury for staking yields.
The Arbitrum DAO has approved a proposal by PlutusDAO to create a staking contract for ARB tokens as a means of rewarding token holders who hold onto their coins for an extended period. The proposal was approved on November 6, after getting 66.76% of the votes cast by the community governance in its favour.
The post Arbitrum ARB Token Price Pump: Arbitrum DAO Approves Staking Proposal appeared first on Blockonomi.
In a decisive community vote, Arbitrum's members have paved the way for a staking yield proposal financed from the platform's treasury. Over two-thirds of the DAO's participants threw their support behind the initiative, which will see 100 million ARB tokens—1% of the total supply—allocated as staking rewards.
The Arbitrum community has supported a proposal to make a staking mechanism for ARB tokens.
The decentralized autonomous organization of Arbitrum has granted approval to a governance proposal that allows holders of the ARB token to engage in staking their assets, thereby earning a yield paid out in the form of tokens. The funding for these rewards will be drawn from the Arbitrum treasury and will be disbursed over a 12-month period through the utilization of a smart contract.
Arbitrum DAO has approved a governance proposal that will enable holders of ARB tokens to stake their holdings in exchange for a yield.
Arbitrum has recently crossed a key resistance level for the first time after August 2023. ARB's price also increases by 2% in the last 24 hours.
MultiversX, Solana and Arbitrum among top movers this week, with respective surges of 69.4%, 28.9% and 19.1%.
In a significant development that's set to shake up the cryptocurrency world, the highly respected angel investor known as McKenna has unveiled groundbreaking news regarding the latest ARB staking proposal. This revelation has sent shockwaves throughout the crypto community, as it opens up the possibility of allocating a substantial 175 million ARB tokens from the Arbitrum Treasury to the project's staking platform.
Watch for potential upswings in Binance Coin (BNB), Solana (SOL), and Arbitrum (ARB) next week as they hit resistance levels.
Story Highlights ARB price today is . Arbitrum Price may reach a maximum of $2.57 by the end of 2023. With a potential surge, ARB price may go as high as $11.59 by the end of 2030. Launched in August 2021, with its initial seed funding round in January 2021, where it raised $3.
Whales persist on ARB purchases despite enduring losses. Here's a look into the state of Arbitrum.
Blockchain sleuth, which tracks on-chain data of “Smart Money” wallets, @lookonchain, has reported that an unknown wallet spent $1.11 million on acquiring almost one billion PEPE meme coins over the past two days.
Optimism and Arbitrum dominated the layer-2 scaling space in 2023. They attracted $631 million and $1.67 billion in net deposits, respectively.
The Arbitrum DAO is voting on a proposal that would enable ARB token staking, offering a yield financed by the DAO's treasury.
Arbitrum (ARB) price reached $0.95 on Wednesday, bringing its gains over the last 10 days to 25%. On-chain analysis pinpoints key indicators that could propel ARB price past the $1 in the days ahead.
