Summary
- Arbitrum (ARB) has reportedly fallen 71% over a year due to low governance participation.
- The community is discussing a plan to lower the proposal approval rate from 5% to 4.5%.
- It was added that other governance token projects besides Arbitrum are also considering improving voting incentives and participation.
According to DL News, a cryptocurrency-focused media outlet, Arbitrum (ARB) has fallen 71% over the past year due to low governance voting participation.
The Arbitrum community is discussing a proposal to lower the governance proposal approval rate from the current 5% to 4.5%.
The media added, "In addition to Arbitrum, governance token projects are also considering improving voting incentives and participation."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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