← Back to Arbitrum
Arbitrum · closed proposal
AIP 1.05: Return 700M $ARB to the DAO Treasury
Voters
26,246
ARB voted
59.19M
≈$4.64M
Token price
$0.08
AI summary
Summary pending — generation runs every 15 minutes.
Voting results
For14.36M (24.3%)
Against44.23M (74.7%)
Abstain594.28K (1.0%)
59.19M ARB · ≈$4.64M · 26246 votersblock 78047794
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Arbitrum
Abstract
Return the 700M $ARB unjustly allocated to the Foundation from the DAO
What happened with AIP-1 was a clear overreach of the DAO’s power of treasury resources
This is a symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation
Only after this has occurred, can we move forward with Budget proposals.
Motivation As stated in (Proposal: AIP-1.1 - Lockup, Budget, Transparency 3),
On March 16, 2023, the Arbitrum networks (Arbitrum One and Arbitrum Nova) were decentralized and given to the newly formed A…
📚 Similar past proposals
Finding similar proposals…