Here is a summary of the events that have caused a stir in the ARB community:
Recently, the Arbitrum project has sparked controversy in the community because the Arbitrum Foundation began selling ARB tokens before the community approved the token budget, causing the token price to fall. The controversy mainly focuses on the AIP-1 proposal, which aims to establish a decentralized autonomous organization called ArbitrumDAO, which will be managed by ARB holders to promote the growth and development of the Arbitrum ecosystem.
However, the proposal involves the possibility that 750 million ARB tokens originally belonging to the community may be transferred to the foundation to establish an ecological fund, which makes the community dissatisfied. Some investors also reported that although they hold ARB airdrops, they cannot participate in the vote. The community questioned the transfer of 50 million ARB tokens by the Arbitrum Foundation, suspecting that it cashed out a large amount too early.
The Arbitrum Foundation clarified that it did not sell 50 million ARB tokens. 40 million of them were distributed as loans to participants in the financial market, and the remaining 10 million were converted into legal currency for operating costs. The foundation explained that the token transfer that occurred was the result of a decision rather than a grant request, and believed that the community confused the concepts of "request" and "approval".
As the controversy continues to ferment, some community members questioned the implementation of the AIP-1 proposal without consent, believing that this exacerbated centralization. Blockworks Research voted against it and said it would work to improve DAO governance and transparency. In the future, a large number of DAO organizations will need to express their support or opposition, and their decisions will affect the trust of community members.
