Distribute ARB Tokens as Gas Discount
AI summary
This proposal suggests using 75,000 ARB tokens, which Instadapp received from the Arbitrum Foundation, to offer gas fee discounts to users. These tokens will be held by the Instadapp team and used to provide up to an 80% discount on transaction fees for users interacting with the Arbitrum network through Avocado, Instadapp's smart wallet platform. This initiative aims to provide a total of $100,000 in gas credits.
If passed, users transacting on Arbitrum via Avocado will benefit from reduced gas fees, making their interactions cheaper. The Instadapp team will manage the distribution of these ARB tokens, effectively subsidizing user transaction costs.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
3 votes > 5% VPFull proposal
Summary
This proposal aims to distribute 75,000 ARB tokens, received from the Arbitrum Foundation, as a gas discount for Arbitrum users transacting on Avocado.
Description
The ARB tokens will be held by the Instadapp team, and their value will be applied as a discount of up to 80% on transactions made on the Arbitrum network through Avocado. This will provide $100,000 in gas credits on Arbitrum for Avocado users.
For more information please read the proposal here: https://gov.instadapp.io/t/return-unclaimed-airdropped-inst-to-governance-treasury/392