Arbitrum DAO votes on the $1.5 million reward program

ChainCatcher reports that, according to The Defiant, the Arbitrum DAO is currently voting on a $1.5 million plan aimed at rewarding active voting representatives. The proposal was released on November 19, with the goal of reducing voter apathy and increasing active voting rights. According to the proposal, representatives must meet the following criteria to receive rewards: hold at least 200,000 ARB voting rights, vote on proposals, and publicly disclose their voting reasons within five days.

The reward amount depends on the share of voting rights held by the representative, the type of proposal, and the remaining budget. Major on-chain votes can earn up to $700 each, while small off-chain votes are capped at $300. As of today, before the voting ends, Snapshot data shows 55.8% support for the plan, 27.5% abstain, and 16.5% oppose. The plan will initially run for one year, with the DAO Operations Committee tracking expenses and managing the budget quarterly. If concluded early, remaining funds will be returned.