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MultiDAOMultiDAOby0x9aFb30b2386c71Ed5089FE02481EE0A2a3cE47320x9aFb…4732

[TC-004] Allocation of Arbitrum's DAO Airdrop

Voting ended almost 3 years agoSucceeded

Proposal: We need to decide how to allocate the 901,392 $ARB tokens. The allocation will be divided into four parts:

  • Initial Liquidity: This will be used to build an initial liquidity pool, ownership belongs to MultiDAO.
  • Incentives for Increasing Liquidity: This portion will attract more users to stake $ARB, thereby increasing liquidity and allowing us to provide better cross-chain services on Arbitrum.
  • Incentives of Multichain Cross-Chain Bridge Users: A portion of $ARB will be rewarded to loyal users of Multichain's cross-chain bridge.
  • Incentives for engaging in MultiDAO Governance: This portion will be used to reward those who frequently participate in the governance process, like voting, commenting below proposals, etc.

Options are attached as a pic

Elaboration: Use Option 4 as an example.

  • 40% (around 360,000 $ARB) for Initial Liquidity, ownership belongs to MultiDAO;

  • 10% (around 90,000 $ARB) for Incentives for Increasing Liquidity, lasting for 90 days, 1,000 $ARB per day. Since the airdrop has not been received yet, and the pool was launched on Mar. 23rd, therefore 7,000 $ARB incentives are already generated in the first week which will be deducted from the 90,000 $ARB;

  • 45% (around 405,000 $ARB) for Incentives of Multichain Cross-Chain Bridge Users: 1,500 $ARB will be airdropped to Multichain users who cross to Arbitrum (One/Nova) every day, lasting around 270 days. As mentioned before, the airdrop has not been received yet, 10,500 $ARB are already generated in the first week which will be deducted from the 405,000 $ARB;

  • 5% (around 45,000 $ARB) for Incentives for engaging in MultiDAO Gov. 22,500 $ARB will be airdropped to those who participated in MultiDAO’s gov process before, including 15,000 $ARB for those who voted on Snapshot before, 4,000 $ARB for those who were involved in proposals, 3,500 $ARB for contributors on Dework. The rest of the 22,500 $ARB will be used for the future incentives plan of MultiDAO.

Options:

TC004 .png

Off-Chain Vote

option 1
2.31K MULTI1.4%
option 2
59.65K MULTI36.5%
option 3
14.37K MULTI8.8%
option 4
86.93K MULTI53.3%
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Discussion

MultiDAO[TC-004] Allocation of Arbitrum's DAO Airdrop

Timeline

Mar 28, 2023Proposal created
Mar 28, 2023Proposal vote started
Apr 01, 2023Proposal vote ended
Oct 26, 2023Proposal updated