Proposal #502
Passed on 13 May 2023 with 87.5% of the votes for yes.
Yes
87.5%
99.9% without abstain
Veto
0.0%
of votes cast
Ended
13 May 2023
87.51%
of votes cast
12.41%
of votes cast
0.09%
of votes cast
0.00%
of votes cast
This is a signaling proposal to include the Arbitrum pool ARB/OSMO (#1011) into the set of assets that receive OSMO liquidity incentives.
After this proposal has passed governance, pool #1011 will be added to the regular incentives program of Osmosis.
Arbitrum is an Ethereum L2, optimistic rollup. As an Ethereum scaling protocol, it makes transactions significantly faster and cheaper. The team at Offchain Labs launched the flagship chain, Arbitrum One, in May of 2021, and the Arbitrum ecosystem has quickly become a hub for DeFi. A separate AnyTrust chain, Arbitrum Nova was introduced in July of 2022 which is optimized for low-cost transactions.
The ARB token airdrop on March 23, 2023 decentralized governance of both Arbitrum chains and their underlying protocols. As part of this initial decentralization effort, 113 million ARB tokens were distributed to DAOs building apps on Arbitrum via an airdrop to their respective treasury addresses.
ARB is currently provided on Osmosis via the Axelar bridge.
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