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via The Block · By The Block Editorial

Arbitrum DAO approves $70 million ETH release for Kelp DAO recovery

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The Block Editorial
(07:25 AM UTC)
1 min read
EW
Reviewed byEmily Watson

The Arbitrum DAO has voted to release the frozen 30,765.6 ETH (about $70 million) to the DeFi United initiative that formed to mitigate the impact of the $292 million exploit on Kelp DAO last month.

According to Arbitrum DAO's voting snapshot, 182.2 million votes supported the release of the tokens, accounting for 90.96% of all voting power. Around 9% of the voters abstained on the matter. With…

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The Block Editorial · The Block

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