Arbitrum's Much-Awaited $ARB Token Airdrop: What to Expect?
Ramsha Naushad
$ARB token and DAO governance are coming on March 23. What does that mean for the community?
USE: The ARB token will only be used for protocol governance, unlike ETH, which is used to pay Ethereum (and Arbitrum) fees.
SELF-EXECUTING: In DAO governance in Arbitrum, votes will directly affect and execute on-chain decisions without the involvement of an intermediary.
FOR DEVs: Arbitrum Orbit is also anticipated, a platform for developers to easily and permissionlessly create their own Layer 3 (L3) blockchains.
EASE: Users who want to be part of Arbitrum's governance but do not wish to vote on-chain actively can participate passively through delegation.
SECURE: Arbitrum Security Council, a 12-member team’ will monitor the security of the chains and can act rapidly when a vulnerability is found.
FULL COMMUNITY CONTROL: The Arbitrum DAO will be able to authorize additional Layer 2 chains on Ethereum, regardless of whether they are governed by $ARB.