Arbitrum

As an ARB token holder, you can take part in governance by voting for or against proposals, or by delegating your vote to another wallet. First you should find a relevant open proposal in the Arbitrum DAO governance forum and inform yourself about what is being proposed.

Proposals first enter a ‘temperature check’ stage, where users signal their support for or opposition to a proposal. To take part, visit Snapshot and connect your wallet, then open the proposal and scroll to the bottom and choose how you would like to vote. These votes are non-binding.

Official voting takes place onchain, if the temperature check passes with a majority in favor. To vote, connect your wallet to Tally. You must hold ARB tokens or have been delegated voting power before the vote takes place. Select a proposal and cast your vote using the Vote Onchain button, where you can choose For, Against or Abstain, and then commit to the vote by signing with your wallet.

Delegating your Arbitrum token votes to another wallet is done through an app called Tally. Before you delegate, you should understand that doing so will prevent you from using your tokens to vote by yourself. To delegate tokens, go to the Arbitrum DAO delegates page on Tally and connect your wallet. Then click Delegate on whomever you want to delegate your votes to. Confirm the transaction to complete delegation.

Arbitrum token is native to Arbitrum though it has also been bridged to Ethereum. Only native ARB tokens on Arbitrum networks can be used to vote.

The Arbitrum ecosystem includes a collection of networks including Arbitrum One and Arbitrum Nova. These chains are Layer-2 scaling solutions built on top of Ethereum.

Arbitrum One leverages optimistic rollups to process transactions separately from Ethereum, and then batches the transactions to commit to Ethereum blocks. This allows Arbitrum to process more translations and lowers costs for users, though it offers lower security guarantees as individual transactions are not validated unless a dispute occurs.

Arbitrum Nova is a hub for gaming and social apps that uses Arbitrum's AnyTrust technology to store and verify data offchain. Trust is minimized with high security to keep transaction costs low even compared to Arbitrum One.

Arbitrum network is governed by the Arbitrum DAO, a decentralized autonomous organization which comprises ARB token holders, who propose upgrades and other initiatives to be voted on by the community. As a failsafe, the Arbitrum Security Council also exists, this is a 12-member council that can push upgrades in urgent cases. This depends on signatures from 9 of the 12 council members.

Arbitrum token and the Arbitrum networks were developed by Offchain Labs, a company founded by Ed Felten, Steven Goldfeder and Harry Kalodner. The company has received investment from venture capital funds including Coinbase Ventures, Lightspeed Venture Partners, Pantera Capital, and Polychain capital.

Arbitrum is a governance token, a type of token that is used to enable decentralized participation in the running of the network, by allowing holders to vote on proposals for network upgrades, treasury expenses, and other activity related to development.

Arbitrum token launched on March 23, 2023 through an airdrop to early users of Arbitrum network.

ARB tokens have been distributed among the Arbitrum DAO, investors, team, and ecosystem at large. The approximate token distribution is as follows: 43% in DAO Treasury, 27% to team and advisors, 17.5% to investors, 11.5% among individual wallets, and 1% to DAOs within the broader ecosystem.