Ratification

Contentious Arbitrum Vote Over $1B in Tokens ‘Ratification Not Request,’ Says Foundation

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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