The Arbitrum Decentralised Autonomous Organisation (DAO)
Annual Report | Arbitrum DAO | 2024
The Arbitrum DAO is a decentralized autonomous organization (DAO) built on the Ethereum blockchain. At its core, the Arbitrum DAO is a community-driven governance mechanism that allows ARB token holders to propose and vote on changes to the organization and the technologies it governs. Throughout this report, any reference made to the Arbitrum DAO refers to the consensus mechanism whereby Arbitrum token holders vote on AIPs using their token holdings. The DAO's governance smart contracts are implemented on the Arbitrum One rollup chain, which is a Layer 2 scaling solution for the Ethereum blockchain. These smart contracts include the DAO's governance token, ARB. DAO members use ARB tokens to vote on Arbitrum Improvement Proposals (AIPs). The weight of any given voter's vote is proportional to the amount of ARB they hold (or represent). The DAO is a powerful tool that facilitates decentralized governance and community-driven management of the Arbitrum ecosystem. By holding ARB tokens and participating in the governance process, individuals can have a direct impact on the future of Arbitrum and, by extension, Ethereum.
ARB Token Information
Initial supply cap
10 Billion ARB
Inflation
2% p.a. (max)
Minting / burning mechanism
L2 smart contract
Bridgeable to
Ethereum L1
Tokens launched on
Arbitrum One
On- chain governance (voting) happens on
Arbitrum One
Airdrop snapshot
Block 58642080 on Arbitrum One = February 6th, 2023
Claiming started
Block 16890400 on Ethereum Mainnet = March 23rd, 2023
Claiming ended
Block 18208000 on Ethereum Mainnet = September 24th, 2023
The Arbitrum DAO may propose, vote on and implement AIPs, which can either be constitutional or non-constitutional:
Constitutional
Non-Constitutional
- Process: Modifies the text or procedures of this Constitution and, so long as The Arbitrum Foundation exists, the Amended & Restated Memorandum and Articles of Association and the Amended & Restated Bylaws of The Arbitrum Foundation; - Software Update : Installs or modifies software on any chain; - Core: Takes any action that requires "chain owner" permission on any chain; and - New Chain Approval : Authorizes a new chain as approved by the ArbitrumDAO. This includes authorizing both Governed Chains and Non-Governed Chains.
- Funding : Requests funds/grants or otherwise propose how to spend or allocate funds from the DAO Treasury and, so long as The Arbitrum Foundation exists, the Administrative Budget Wallet as defined in the The Arbitrum Foundation’s Amended & Restated Bylaws; and - Informational : Provides general guidelines or information to the community but does not otherwise propose a new feature or update.
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