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Posted on Apr 10, 2023Read on Mirror.xyz

ChainLinkGod.eth opposes Arbitrum AIP-1.05, and the current opposition rate of the proposal is nearly 47%

The Snapshot voting page shows that for the proposal AIP-1.05 proposed by the Arbitrum community to "return the remaining 700 million ARBs of the foundation to the DAO", the Chainlink community ambassador ChainLinkGod.eth voted against the proposal with 4.8 million ARBs, and is pushing The article stated: “I will vote for AIP-1.1 and AIP-1.2 and against AIP-1.05. Necessary risk. I doubt it's a credible neutral move, if some people get paid and others don't, it sets a precedent that some people might not get paid when keys are rotated. Currently, the voting support rate for the AIP-1.05 proposal is 51.68%, and the opposition rate is 46.72%. The voting will end on April 15.

Earlier news, the Arbitrum Foundation has submitted two new proposals on expanding the oversight and governance powers of ARB token holders to address the collapse of cryptocurrency governance over the weekend. The first proposal, AIP-1.1, proposes placing the Foundation's remaining 700 million ARB in a "smart contract-controlled lock" to be unlocked over four years. The second proposal, AIP-1.2, seeks to amend several governance documents of the Arbitrum ecosystem, including lowering the threshold for the number of ARB tokens required to issue improvement proposals on-chain from 5 million to 1 million. AIP-1.1 and AIP-1.2 have not yet opened on-chain voting.