PANews reported on May 7 that according to DL News, the price of Arbitrum's governance token ARB, a Layer2 network of Ethereum, has plummeted by 71% in the past year, causing a sharp decline in the voting participation rate of its DAO. Faced with this dilemma, the Arbitrum community is considering lowering the minimum voting threshold required for proposals to pass from 5% to 4.5% to revitalize governance. This move stems from the increasingly serious crisis of governance participation. Data shows that Arbitrum's governance participation has fallen by 50% in the past year, while its token price has fallen by 87% from its historical high. Community representatives pointed out that when token holders suffer significant losses, the enthusiasm for participating in governance naturally decreases. This situation not only affects daily decision-making, but is also likely to result in the failure of high-quality proposals to pass. Some representatives support lowering the threshold as a stopgap measure, but the core problem is that the ecosystem lacks real value to retain coin holders.
The Arbitrum community is considering lowering the minimum voting threshold for proposals to pass from 5% to 4.5%
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Author: PA一线
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