Arbitrum DAO's Staking Proposal Ignites ARB Price Surge

Arbitrum’s governance community has cast a decisive vote to kick-start a staking rewards program. Over two-thirds of the members greenlit the initiative that promises to allocate 1% of ARB tokens from the treasury for staking yields. This tiered proposal, aiming to encourage token holders to stake their holdings, represents a strategic deployment of 100 million tokens from the project’s reserves.