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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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TB
The Block Editorial
(07:25 AM UTC)
1 min read
EW
Reviewed byEmily Watson
844 views
0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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