Arbitrum DAO 透過增強 ARB 代幣實用性和安全性的提案

Arbitrum DAO 通過了一項旨在增強 ARB 代幣的實用性和安全性的提案。該提案在鏈上投票中獲得了 25,000 多名參與者中 91% 的支持。

The Arbitrum DAO has passed a proposal to enhance the utility and security of the ARB token through a new staking mechanism.

Arbitrum DAO 已通過一項提案，透過新的質押機制增強 ARB 代幣的實用性和安全性。

This proposal, approved by 91% of over 25,000 participants in an on-chain vote, will introduce a system that promises to boost both governance security and token value.

該提案在鏈上投票中獲得了超過 25,000 名參與者中 91% 的批准，將引入一個有望提高治理安全性和代幣價值的系統。

Breaking Down Staking and Delegation

打破質押與委託

The approved initiative enables ARB token holders to stake and delegate their tokens in exchange for a new liquid staked ARB token, denoted as stARB. This token serves as a representation of the staked ARB and offers several benefits within the ecosystem.

批准的計劃使 ARB 代幣持有者能夠質押和委託其代幣，以換取新的流動性質押 ARB 代幣（記為 stARB）。該代幣充當質押 ARB 的代表，並在生態系統中提供多種好處。

These benefits include auto-compounding of rewards, options for restaking, and compatibility with decentralized finance (DeFi) applications.

這些好處包括獎勵的自動複利、重新抵押的選項以及與去中心化金融（DeFi）應用程式的兼容性。

While the proposal grants the Arbitrum DAO the ability to activate fee distribution to ARB stakers, the current iteration does not include turning on the so-called “fee switch.” This suggests that the DAO may be reserving the right to implement fee distribution at a later stage.

雖然該提案賦予 Arbitrum DAO 啟動向 ARB 質押者分配費用的能力，但目前的迭代並不包括打開所謂的「費用開關」。這表明 DAO 可能保留在稍後階段實施費用分配的權利。

Highlighting Governance and Security Issues

強調治理和安全問題

The proposal, submitted by Tally’s Chief Revenue Officer 0xFrisson, begins by presenting pressing issues with the current structure of the ARB token.

該提案由 Tally 的首席營收長 0xFrisson 提交，首先提出了 ARB 代幣當前結構的緊迫問題。

Less than 1% of ARB tokens are actively used on-chain, and only 10% are engaged in governance, despite the large supply of 400 million tokens. The new system aims to address these shortcomings by aligning incentives and increasing active participation.

儘管有 4 億枚代幣供應，但只有不到 1% 的 ARB 代幣在鏈上積極使用，只有 10% 參與治理。新系統旨在透過調整激勵措施和增加積極參與來解決這些缺點。

The system will utilize a Karma Score to define "active delegates." This score will combine Snapshot voting statistics, on-chain activity, and forum engagement.

該系統將利用業力分數來定義「活躍代表」。此分數將結合快照投票統計數據、鏈上活動和論壇參與。

The Arbitrum DAO will have the authority to adjust the Karma Score formula and set the minimum score required for delegates to qualify for staking rewards. This measure is intended to enhance governance effectiveness and prevent potential attacks on the Arbitrum treasury, which holds over 16 million ETH in surplus fees.

Arbitrum DAO 將有權調整 Karma Score 公式並設定代表獲得質押獎勵資格所需的最低分數。該措施旨在提高治理有效性並防止對 Arbitrum 金庫的潛在攻擊，該金庫持有超過 1,600 萬 ETH 的剩餘費用。

The estimated cost for implementing this proposal is 200,000 ARB tokens. This budget will cover smart contract development, integration with Tally[dot]xyz, Karma score implementation, security audits, and funding for working groups focused on staking rewards and delegation strategies.

實施該提案的預計成本為 200,000 ARB 代幣。該預算將涵蓋智能合約開發、與 Tally[dot]xyz 整合、Karma 評分實施、安全審計以及為專注於質押獎勵和授權策略的工作小組提供資金。

Ensuring Governance Control and Adaptability

確保治理控制和適應性

Staking stARB into restaking, DeFi, or centralized exchange smart contracts that do not maintain a 1:1 delegation ratio will trigger a return of voting power to the DAO. This mechanism ensures that the DAO retains control over how voting power is redistributed, thereby enhancing overall security.

將 stARB 質押到不維持 1:1 委託比例的重新質押、DeFi 或中心化交易所智能合約中，將觸發投票權回歸 DAO。這種機制確保 DAO 保留對投票權如何重新分配的控制，從而增強整體安全性。

The proposal also outlines a modular implementation strategy, allowing for future upgrades and integration with other staking systems. This flexibility is designed to ensure the long-term adaptability of the Arbitrum protocol as it evolves.

該提案還概述了模組化實施策略，允許未來升級以及與其他質押系統整合。這種靈活性旨在確保 Arbitrum 協議在發展過程中的長期適應性。

Impact on ARB Token Value

對 ARB 代幣價值的影響

Since its launch in March 2023, ARB opened at approximately $1.30 and experienced a peak of $2.20 in January 2024.

自 2023 年 3 月推出以來，ARB 開盤價約為 1.30 美元，並於 2024 年 1 月經歷了 2.20 美元的高峰。

However, it is now trading at $0.5438, more than 50% below its launch price. In contrast, Bitcoin has surged by 150% during the same period.

然而，目前其交易價格為 0.5438 美元，比發行價低 50% 以上。相比之下，比特幣同期飆升了 150%。

Despite this setback, Arbitrum remains the largest Ethereum Layer 2 (L2) solution by total value locked (TVL), with $2.7 billion in TVL.

儘管遭遇這一挫折，Arbitrum 仍然是按總鎖定價值 (TVL) 計算最大的以太坊第 2 層 (L2) 解決方案，TVL 為 27 億美元。