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MultiDAOMultiDAOby0x9aFb30b2386c71Ed5089FE02481EE0A2a3cE47320x9aFb…4732

[FV-004] Allocation of $ARB

Voting ended almost 3 years agoSucceeded

Allocation of Arbitrum's DAO Airdrop Background

901,392 $ARB tokens have just been airdropped to our multi-sig address on Arbitrum. We now need to decide how to allocate these tokens. Based on TC and suggestions from our community, we have made some changes to the previous proposal. Due to special conditions, 27,950 $ARB tokens have already been distributed as part of the Incentives for Providing Liquidity program prior to receiving the $ARB airdrop. This amount will be deducted from the Incentives for Providing Liquidity section in different options.

Payment history contract: https://arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548?a=0x20a56e6d7b4b86104d7599aa2b08c28b0d06fb3a

https://arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548?a=0xe4e7a00cf34a87501c109e3bf4256829c77c5bed

Proposal

The allocation will be divided into three parts:

  1. Incentives for Increasing Liquidity: This part will incentivize users who participate in liquidity mining, thereby increasing liquidity and allowing us to provide better cross-chain services on Arbitrum.
  2. Incentives for Multichain Cross-Chain Bridge Users: A portion of $ARB will be rewarded to loyal users of Multichain's cross-chain bridge.
  3. Incentives for Engaging in MultiDAO Governance: This portion will reward those who frequently participate in the governance process, including contributors, as an OP fee, etc.

MultiDAO Engagement Incentive Breakdown: Governance (5%) Participate in voting (4%, calculated by the number of times you vote) Participate in the forum to discuss proposals (1%, calculated by the number of proposals you participate in discussions for)

Contributor (2%) Complete Dework tasks with high quality (1%) Be active and positive in the community (0.5%) Actively interact with MultiDAO's social media (0.5%)

Reserve 3% $ARB for future incentives for those who participate in governance meetings and discussions, and make significant contributions to MultiDAO.

The snapshot time for the MultiDAO engagement is April 24th.

Options

Option 1:

  • 70% Incentives for providing Liquidity
  • 20% Incentives for Multichain Cross-Chain Bridge Users
  • 10% Incentives for engaging in MultiDAO

Option 2:

  • 50% Incentives for providing Liquidity
  • 40% Incentives for Multichain Cross-Chain Bridge Users
  • 10% Incentives for engaging in MultiDAO

option.png

Off-Chain Vote

option 1
76.64K MULTI31.9%
option 2
163.32K MULTI68.1%
Quorum:800%
Download mobile app to vote

Discussion

MultiDAO[FV-004] Allocation of $ARB

Timeline

Apr 26, 2023Proposal created
Apr 26, 2023Proposal vote started
May 05, 2023Proposal vote ended
Oct 26, 2023Proposal updated