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via Cointelegraph · By Cointelegraph Staff
Arbitrum Poised to Unfreeze $71M ETH Passes With 90% in Favor
ETH
ETH/USDT
$2,496.60
+0.82%
$2,496.60
+0.82%
(24s)24h Volume
$7,735,643,896.31
24h H/L
$2,523.97 / $2,460.92
Change: $63.05 (2.56%)
Long/Short
56.1%
Long: 56.1%Short: 43.9%
Funding Rate
+0.0036%
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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