The Arbitrum Decentralized Autonomous Organization (DAO) has officially approved a proposal that will allow holders of the native Arbitrum (ARB) token to stake their holdings in return for yields sourced directly from the Arbitrum treasury.
Keypoints
- The Arbitrum Decentralized Autonomous Organization (DAO) approved a proposal to allow ARB token holders to stake their tokens for yield.
- The yield will be sourced from the Arbitrum treasury and distributed over 12 months via a smart contract.
- The DAO voted to allocate 1% (100 million) of the total 10 billion ARB supply for staking rewards.
- The projected annual percentage yield ranges from 7.84% to 78.43% depending on amount staked.
- This allows stakers to earn yield directly from the treasury, unlike other systems.
- The ARB price surged over 3% to $1.13 following the announcement, with trading volume also increasing.
- The DAO will now evaluate details like selecting a service…
