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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.