Tuesday, September 26, 2023

Arbitrum to airdrop 112.8M ARB tokens to DAOs on its ecosystem

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CoinDesk Consensus

Ethereum layer2 resolution Arbitrum would airdrop 112.8 million ARB tokens to 137 decentralized autonomous organizations (DAOs) on its ecosystem on March 23.

Arbitrum says airdrop shouldn’t be a retroactive grant

In a March 21 Twitter thread,  Arbitrum stated the airdrop was not a retroactive grant. As an alternative, it was a manner of empowering the sub-communities on the layer2 community to localize governance choices.

Arbitrum added that the airdrops could be distributed solely to tasks with a DAO and a neighborhood treasury. Nonetheless, it made an exception for The Protocol Guild, a collective of Ethereum core builders and contributors.

Arbitrum stated it thought-about components just like the challenge’s deployment date alongside whether or not it was multi-chain or native to its ecosystem. Different components thought-about embody the transaction quantity, the whole worth of property locked on the challenge, and native liquidity moved to the ecosystem.

It added:

“The hope and intention is that by distributing to Arbitrum DAOs, we’re capable of unfold governance energy extra extensively amongst customers than solely allocating to those that have been eligible for the airdrop.”

GMX to get 8 million tokens

A breakdown of the airdrop distribution by Nansen confirmed that the decentralized trade GMX and TREASURE would get the best quantity of tokens — 8 million every.

Different tasks like Uniswap (UNI) and SushiSwap (SUSHI) would get 4.3 million and 4.2 million ARB tokens, respectively.

MakerDAO, KyberSwap, DODO, Camelot, and 24 different tasks could be over 1 million ARB tokens. ParaSwap, Chainlink (LINK), and 43 different tasks would recover from 200,000 tokens.

In the meantime, the least quantity of tokens — 75,000 — could be distributed to 60 decentralized finance (DeFi) tasks.

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