• Wed. Nov 6th, 2024

Arbitrum Governance Divided Over $2.4M Research Coalition

Nov 6, 2023

Arbitrum token holders are split on a $2.4M proposal to fund a research coalition, with some community members raising concerns its cost is excessively high.

Roughly 57% of participants are in favor of funding the coalition, while 41% object, according to the Snapshot governance platform. The vote started on Nov. 3 and ends Nov. 10.

The proposal, posted on the Arbitrum Foundation's forum, recommends forming "The Arbitrum Coalition" to streamline decision-making and improve governance.

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[Source: TheDefiant]

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