Arbitrum Discussions and news about (ARB) have been going on without slowing down lately. Tensions have risen between the community and the team, according to a recent proposal. The community is reporting its demands for approximately $1 billion in funding.
According to the latest news in the press, voting continues for a proposal submitted on 8 April. The proposal is 700 million dollars at the center of the dispute. ARB tokenIt’s related to.
The remarkable detail in the proposal was the DAO’s request back from the Arbitrum Foundation. The proposal seeks to repurchase tokens from Wintermute using the funds left over from the $10 million OTC sale.
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While the proposal seems to involve the return of more tokens, it is also tangible proof of the DAO’s showdown against the foundation. So far, the proposal has managed to get 55% support.
What’s Happening in ARB Token?
Controversy escalated when the Arbitrum community held an “approval” vote a few weeks ago for the foundation’s resolutions already being implemented. These decisions involve the transfer of nearly $1 billion in tokens to the foundation and sparked widespread anger among community members.
The team, on the other hand, submitted two notable proposals to ease tensions. The initial proposal was for AIP-1.1, 800 million ARB tokens locked in smart contract control for four years. AIP-1.2, on the other hand, aims to replace governance documents.
You can follow the current price action here.