PlutusDAO Proposes Activation of ARB Staking and Token Inflation Distribution


This article has been republished with permission from Binance News.

According to Foresight News, PlutusDAO has initiated a proposal on the Arbitrum forum, suggesting the activation of ARB staking and distributing token inflation to users who lock their tokens. The Arbitrum DAO has the authority to mint 2% of the total ARB supply annually as inflation, with the first opportunity to mint tokens being March 15, 2024 (the minting function can only be called once a year). PlutusDAO proposes minting 1.75% of the token supply and distributing it within a year.

Since the minting function is not yet available, PlutusDAO suggests using an equivalent amount of funds from the Arbitrum DAO treasury and a mechanism for distributing funds among ARB lockers.

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