Arbitrum Community Proposes Integrating USDG into Core Strategic Plan and Allocating an Additional 100 Million ARB in Incentives
Per Arbitrum's governance forum, Entropy has launched a temperature check vote proposing to integrate USDG, the stablecoin issued by Paxos, into the ArbitrumDAO core strategic plan. Specific measures include: allocating an additional 100 million ARB from the DAO treasury to the DRIP DeFi incentive program, adjusting the incentive cycle, expanding its eligible scope and extending its duration; transferring the net fee revenue from the Arbitrum Expansion Program (AEP) to the Arbitrum Treasury Management Committee (ATMC) for conversion into USDG, and authorizing the ATMC to deploy assets to support USDG growth; designating the USDG initiative as a special project within Entropy's existing scope of work. The off-chain signaling vote will conclude on October 22.
Source: PANewsRead original
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