Arbitrum To Airdrop ARB Tokens On Mar. 28, Unveils New DAO And L3 Roadmap


(MENAFN- eTrendy Stock) Summary: Ethereum Layer 2 protocol Arbitrum will airdrop native tokens under the ticker ARB to community members on Mar. 28. ARB will serve as the governance token for the protocol's new self-executing DAO and its network – Arbitrum One and Nova. The protocol also announced a layer 3 stack for developers dubbed Orbit to incentive [...]' />
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home crypto news Arbitrum To Airdrop ARB Tokens On Mar. 28, Unveils New DAO And... crypto news MENAFNMarch 17, 2023 Arbitrum To Airdrop ARB Tokens On Mar. 28, Unveils New DAO And L3 Roadmap By evelyn Share facebook twitter pinterest whatsapp >12 members will seat on the security council and they will be changed every six to 12 months. Some of the members currently on the council include Celer Network co-founder Mo Dong, Ethereum researcher Justin Drake, and LayerZero Labs CEO Bryan Pellegrino to name a few.

Although this DAO style poses risks, Goldfeder argued that the DAO governance system will adopt a thorough model where proposals and changes are slowly reviewed. The shortest period for changes will be 21 days and that timeline can stretch as much as 34 days for major changes.

Arbitrum L3 Developer Kit

The Ethereum L2 scaling protocol also unveiled a developer stack for builders dubbed Arbitrum Orbit. Per the announcement, Orbit will give developers the tools to ship Layer 3 solutions on the protocol's network.

Developers will be able to build smart contracts on the networks of the project while tapping Ethereum's famous security layer, CEO Goldfeder noted.

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