ArbitrumDAO Vote Backs 100 Million Arbitrum (ARB) Incentives for Global Dollar (USDG)

ArbitrumDAO members passed an off-chain vote backing a proposed 100 million Arbitrum (ARB) allocation to incentives focused on Global Dollar (USDG), moving the plan to a final on-chain vote without authorizing the funds yet. Of the 210.7 million ARB recorded as participating, 199.5 million voted in favor, equal to 94.7%. Another 10.9 million ARB abstained, or 5.2%, while 246,200 voted against, or 0.1%. The participation figure represented 68%. Entropy Advisors submitted the proposal on Oct. 6.