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Ethereum layer2 answer Arbitrum would airdrop 112.8 million ARB tokens to 137 decentralized autonomous organizations (DAOs) on its ecosystem on March 23.
Arbitrum says airdrop is just not a retroactive grant
In a March 21 Twitter thread, Arbitrum mentioned the airdrop was not a retroactive grant. As an alternative, it was a means of empowering the sub-communities on the layer2 community to localize governance choices.
Arbitrum added that the airdrops could be distributed solely to initiatives with a DAO and a neighborhood treasury. Nonetheless, it made an exception for The Protocol Guild, a collective of Ethereum core builders and contributors.
Arbitrum mentioned it thought of elements just like the undertaking’s deployment date alongside whether or not it was multi-chain or native to its ecosystem. Different elements thought of embody the transaction quantity, the overall worth of property locked on the undertaking, and native liquidity moved to the ecosystem.
It added:
“The hope and intention is that by distributing to Arbitrum DAOs, we’re in a position to unfold governance energy extra broadly amongst customers than solely allocating to those that had been eligible for the airdrop.”
GMX to get 8 million tokens
A breakdown of the airdrop distribution by Nansen confirmed that the decentralized change GMX and TREASURE would get the very best quantity of tokens — 8 million every.
Different initiatives like Uniswap (UNI) and SushiSwap (SUSHI) would get 4.3 million and 4.2 million ARB tokens, respectively.
MakerDAO, KyberSwap, DODO, Camelot, and 24 different initiatives could be over 1 million ARB tokens. ParaSwap, Chainlink (LINK), and 43 different initiatives would recover from 200,000 tokens.
In the meantime, the least quantity of tokens — 75,000 — could be distributed to 60 decentralized finance (DeFi) initiatives.