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McCorry said there’s a “chicken and egg problem” in setting up decentralized governance structures. In the case of Arbitrum, “certain parameters need to be decided” ahead of time, including the structure of a “security council” that wields emergency powers, deciding voting mechanics, and of course, the funding. Source
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New York-based Offchain Labs, the development team behind Arbitrum, a layer-2 scaling solution for Ethereum, has moved 2.679b ARB, worth over $3.7b, on-chain data on Apr. 1 indicates. The ARB transfer to a custodian According to Arkham Intelligence, an analytics firm, the large sum of ARB, making up 27% of the total
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The tokens have not yet arrived, said MaxPower, an employee of LayerZero Labs, which manages the protocol upon which Stargate is built and who was the co-host of a community call with roughly 400 attendees on Wednesday. Once they do, however, Stargate’s governing DAO will have to decide whether to
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Key metrics began booming right after Trader Joe launched a liquidity incentives program to boost deposits of popular tokens for trading, particularly Arbitrum’s newly airdropped ARB. Users who loaned ARB, ether (ETH) and USD coin (USDC) to Trader Joe’s pools got a share of 300,000 JOE tokens. The incentives program
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The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth.Arbitrum ecosystem tokens
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For months leading up to the airdrop, even before there was official confirmation of an ARB token, scammers were spinning up spoof Arbitrum airdrop links and promoting them on Twitter, Discord and Telegram in an effort to phish unwitting investors – gaining access to their crypto wallets and sensitive personal
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The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks.Polygon price fractalThe cues for a bullish Arbitrum token could be traced back to
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The co-founder of Offchain Labs, the company behind Arbitrum, Harry Kalodner, initially confirmed the suspension in a text message to CoinDesk, although he said he was unsure of Twitter’s rationale. “The Arbitrum Foundation which now controls that account is investigating,” said Kalodner. Original Source
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A wallet controlled by the FTX bankruptcy estate has received tranches of the Arbitrum airdrop from several wallets linked to Alameda Research, on-chain data shows. Original Source
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According to recent on-chain data, hacked vanity addresses were used in looting $500K worth of tokens. The looting occurred during the layer-2 scaling solution Arbitrum airdrop scheduled on March 23. Someone who generated a list of vanity addresses that were eligible for ARB airdrops was the one who stole the tokens. The
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