Arbitrum Presents New Governance Model

Arbitrum ( ARB), with the aim of resolving issues on the governance side, after intense reactions from the community. created a new model.

Gaining popularity with its airdrops in the crypto industry Arbitrum experienced a rapid rise in the market. The project, which is listed on many major crypto exchanges, has become one of the most talked about cryptocurrencies on social media. However Arbitrum , ran into a few problems on the governance side, which it was running with the logic of the DAO. Governance system that caused intense reaction of the community, The project team is trying to solve it with new solution suggestions.

Arbitrum Releases Its New Governance

Ethereumlayer-2 project Arbitrum ( ARB), recently released a new Arbitrum Improvement Recommendations for the management of the network ( AIPs) published.

Among the new proposals released by the project team, which cover a smart contract lockout program, spending procedures, budget plans, and increased transparency. Includes AIP-1.1.

Another offer AIP-1.2 aims to address revisions made to the project’s existing foundation documents. In addition, AIP-1.2, “to make governance more accessible”with the title, the bid threshold is 5 million. ARBfrom 1 million ARBHe plans to lower it to .

ArbitrumIn a tweet posted by DAOfor the governance of AIP-1against a consensus has been reached.

Arbitrum Foundation, Moreover, “Describing the measures taken to make DAO operational”presented a transparency report to the community.