According to Snapshot data on April 4th, the comprehensive governance package, Arbitrum Improvement Proposal (AIP-1), initiated by the Arbitrum Foundation, did not pass, with a 76.67% opposition rate. As previously reported by BlockBeats, the Arbitrum Foundation intends to decompose AIP-1 into a series of separate proposals for voting and promises to re-modify each part of the proposal this week. It is reported that the distribution of 750 million ARB tokens may be subject to independent voting, while providing background information on how to use funds for the "Ecosystem Development Fund" and a "Transparency Report" on the foundation's budget.

According to the latest voting data from Snapshot on April 3rd, the comprehensive governance package, Arbitrum Improvement Proposal (AIP-1), initiated by the Arbitrum Foundation, currently has an opposing vote ratio of 82.58%. The voting will end at 6:13 am Beijing time on April 4th.

BlockBeats reported on April 3rd that Arbitrum DAO community administrator eli stated that a portion of the 2.694 billion ARB transferred to 140 EOA addresses by the Offchain Labs team, Future team, and advisors has been transferred to Coinbase's custody account for the purpose of using Coinbase's custody unlocking service. As previously reported by BlockBeats, the 2.694 billion ARB transferred to the 0x1e70 starting address two days ago should be allocated to a portion (26.94%) of the Offchain Labs team, Future team, and advisors, but this portion of the tokens should be locked for 4 years. In addition, the 0x8d45 starting address has transferred 22.56 million ARB (approximately $28 million) to Coinbase after receiving the ARB.

According to Lookonchain data on April 3, 26.94 billion ARB tokens were transferred and distributed to approximately 140 EOA addresses, starting with the address 0x1e70, two days ago. This amount of ARB tokens should be allocated to Offchain Labs team, future team, and advisors (26.94%), but this portion of tokens should have a lock-up period of 4 years. Lookonchain also stated that the address starting with 0x8d45 has transferred 22.56 million ARB tokens (equivalent to about 28 million US dollars) to Coinbase after receiving ARB tokens. Although other addresses have not made any transfer operations, the received ARB tokens can be sold on trading platforms at any time without code limitations. Note: According to the Medium article "ARBITRUM: THE NEXT PHASE OF DECENTRALIZATION" published by Arbitrum on March 16, all investor and team tokens (totaling 54.47%) will have a lock-up period of 4 years, with the first unlocking occurring within one year and subsequent monthly linear unlocking within the remaining three years.

BlockBeats reported on April 3rd that TreasureDAO, a decentralized gaming ecosystem, announced on its social media platform that it voted against proposal AIP-1 submitted by the Arbitrum Foundation as the largest governance representative of the Arbitrum ecosystem. In addition, TreasureDAO requested that Arbitrum resubmit a proposal that clearly outlines the scope of the special appropriation plan and splits the AIP-1 proposal.

BlockBeats reported on April 3rd that Arbitrum announced on its social platform that it plans to break down AIP-1 proposal into a series of separate proposal votes, and promises to re-modify each part of the proposal this week. It is reported that the allocation of 750 million ARB tokens may be subject to independent voting, while providing background information on how to use funds for the "ecosystem development fund" and a "transparency report" based on the foundation's budget. According to the latest voting data from Snapshot, the current opposition rate of AIP-1 is 78.41%.

On April 3rd, in response to recent community discussions regarding the selling of tokens by the foundation before the AIP-1 proposal was voted on, Arbitrum officials made a statement on social media stating that the decentralized governance of Arbitrum is proceeding according to plan, but many decisions need to be made before the DAO is officially launched. The goal of the AIP-1 proposal is to involve the community in initial decision-making and ultimately allow token holders to approve initial decisions and frameworks through DAO voting. In addition, Arbitrum clarified that its foundation did not sell 50 million ARB tokens in advance. 40 million ARB tokens have been allocated as loans to mature participants in the financial market field, and the remaining 10 million ARB tokens have been exchanged for fiat currency to pay for operational costs. According to a blog post by Patrick McCorry, the Arbitrum Foundation began selling ARB tokens for stablecoins before its token holder governance community "approved" nearly $1 billion in budget (AIP-1 proposal), sparking controversy in the community.