Community Articles
via Cointelegraph · By Cointelegraph Staff
Arbitrum Poised to Unfreeze $71M ETH Passes With 90% in Favor
ETH
ETH/USDT
$1,878.95
-0.19%
$1,878.95
-0.19%
(24s)24h Volume
$2,781,415,205.10
24h H/L
$1,892.31 / $1,869.17
Change: $23.14 (1.24%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0028%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(03:14 PM UTC)
1 min read
A joint proposal to release the roughly $71 million in Ether frozen after the Kelp DAO exploit is set to pass later on Thursday, moving a cross-protocol recovery effort closer to restoring part of rsETH’s backing.
Over 90.5% of the tokens were cast in favor of the motion, representing 173.9 million Arbitrum (ARB) tokens, while 9.4%, or 18.1 million tokens, abstained. Less than 1%, or 1,700 tokens…
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