DeFi's first large-scale "on-chain self-rescue," governance rights are now deciding the flow of funds.


Arbitrum DAO has officially initiated a governance vote to unlock 30,766 ETH previously frozen (about $71.1 million) to support the DeFi United recovery plan.
This fund source is highly unusual:

Originally transferred by an attacker into the Arbitrum network

It was urgently frozen by the Security Committee on April 20

If the proposal passes, it will be converted into ecosystem rescue funds

Current voting progress:

Approximately 16.9 million ARB votes in support

No opposition votes so far

Voting will continue until May 7

The significance of this event goes far beyond a simple fund allocation:
First, it is a rare case of "hacker fund redistribution" in the DeFi space
Second, DAO governance is playing a decisive role in large-scale fund management for the first time
Third, "DeFi United" is forming a cross-protocol collaborative rescue mechanism

Essentially, this is a industry-level stress test:
When the system faces extreme risks,
Will it collapse, or will governance enable self-repair?
The answer is being written on-chain through voting.
Follow me for ongoing updates on DeFi governance, hacker fund flows, and industry self-rescue mechanism evolution.
ETH1.48%
ARB-1.68%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin