Arbitrum DAO 通过增强 ARB 代币实用性和安全性的提案

Arbitrum DAO 通过了一项旨在增强 ARB 代币的实用性和安全性的提案。该提案在链上投票中获得了 25,000 多名参与者中 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 已通过一项提案，通过新的质押机制增强 ARB 代币的实用性和安全性。

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.

该提案在链上投票中获得了超过 25,000 名参与者中 91% 的批准，将引入一个有望提高治理安全性和代币价值的系统。

Breaking Down Staking and Delegation

打破质押和委托

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.

批准的计划使 ARB 代币持有者能够质押和委托其代币，以换取新的流动性质押 ARB 代币（记为 stARB）。该代币充当质押 ARB 的代表，并在生态系统中提供多种好处。

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

这些好处包括奖励的自动复利、重新抵押的选项以及与去中心化金融（DeFi）应用程序的兼容性。

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.

虽然该提案赋予 Arbitrum DAO 激活向 ARB 质押者分配费用的能力，但当前的迭代并不包括打开所谓的“费用开关”。这表明 DAO 可能保留在稍后阶段实施费用分配的权利。

Highlighting Governance and Security Issues

强调治理和安全问题

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

该提案由 Tally 的首席营收官 0xFrisson 提交，首先提出了 ARB 代币当前结构的紧迫问题。

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.

尽管有 4 亿枚代币供应，但只有不到 1% 的 ARB 代币在链上积极使用，只有 10% 参与治理。新系统旨在通过调整激励措施和增加积极参与来解决这些缺点。

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

该系统将利用业力分数来定义“活跃代表”。该分数将结合快照投票统计数据、链上活动和论坛参与度。

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 将有权调整 Karma Score 公式并设定代表获得质押奖励资格所需的最低分数。这一措施旨在提高治理有效性并防止对 Arbitrum 金库的潜在攻击，该金库持有超过 1600 万 ETH 的剩余费用。

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.

实施该提案的预计成本为 200,000 ARB 代币。该预算将涵盖智能合约开发、与 Tally[dot]xyz 集成、Karma 评分实施、安全审计以及为专注于质押奖励和授权策略的工作组提供资金。

Ensuring Governance Control and Adaptability

确保治理控制和适应性

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.

将 stARB 质押到不保持 1:1 委托比例的重新质押、DeFi 或中心化交易所智能合约中，将触发投票权回归 DAO。这种机制确保 DAO 保留对投票权如何重新分配的控制，从而增强整体安全性。

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.

该提案还概述了模块化实施策略，允许未来升级以及与其他质押系统集成。这种灵活性旨在确保 Arbitrum 协议在发展过程中的长期适应性。

Impact on ARB Token Value

对 ARB 代币价值的影响

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 月推出以来，ARB 开盘价约为 1.30 美元，并于 2024 年 1 月经历了 2.20 美元的峰值。

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，目前其交易价格为 0.5438 美元，比发行价低 50% 以上。相比之下，比特币同期飙升了 150%。

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

尽管遭遇这一挫折，Arbitrum 仍然是按总锁定价值 (TVL) 计算最大的以太坊第 2 层 (L2) 解决方案，TVL 为 27 亿美元。