Ethereum Layer 2 network Arbitrum said on Twitter that the AIP-1.1 and 1.2 proposals will start voting on the Tally platform in the early morning of June 10 and will end on June 24. Both the AIP-1.1 and 1.2 proposals had previously passed the Snapshot temperature check vote in mid-April.


Proposal AIP-1.1 proposes to place the Foundation's remaining 700 million ARB in a "smart contract-controlled lock," unlocked within four years Under the proposal, the Foundation will not be able to spend tokens until community members approve the token allocation budget. Additionally, the Arbitrum Foundation has released a transparency report on how the organization was formed.
Proposal AIP-1.2 seeks to amend several governance documents of the Arbitrum ecosystem, including lowering the threshold for the number of ARB tokens required to issue improvement proposals on-chain from 5 million to 1 million. At present, the support rate of the two proposals is above 98%. #新闻frontier# #Content Star#
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