Will arbitrum Foundation Fund 750 million ARB tokens?

A proposal to fund the Arbitrum Foundation with 750 million ARB tokens — nearly $1 billion — raised controversy in the ARB community over the weekend after the foundation announced that the vote was only toratify a decision that had already been made. The conflict comes after a few days the layer-2 protocol airdropped its governance token.

What is the arbitrum Foundation's first attempt at governance?

The Arbitrum Foundation alarmed the ARB community with its first attempt at governance on April 1. The proposal called for 750 million ARB tokens, worth nearly $1 billion to fund a “special grants” program that would foster the ecosystem’s growth.

Is arbitrum nearing all-time lows?

As it is, the token is nearing all-time lows. Following the initial launch, ARB fell to $1.16 from $1.49. The altcoin recovered by some 20% over the next four days towards the end of March. But over the weekend following the AIP-1 confusion, Arbitrum price noted a near 15% drop to a trading price of $1.18.

How do I withdraw ETH from arbitrum?

Next, enter the amount of ETH you would like to withdraw from Arbitrum back to Layer 1. If you wish to withdraw an ERC-20 token instead, click the ERC-20 tab and then enter the L2 token contract address and amount to withdraw. You can find L2 token addresses on Arbiscan or the Arbitrum token list.