Arbitrum Foundation Sold ARB Tokens Ahead of ‘Ratification’ Vote; ARB Falls

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.

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• Source: https://www.coindesk.com/business/2023/04/02/contentious-arbitrum-vote-over-1b-in-tokens-ratification-not-request-says-foundation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines