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 to ratify a decision that had already been made. The conflict comes after a few days the layer-2 protocol airdropped its governance token.

Will arbitrum Foundation move funds after transferring tokens?

The move comes after the Arbitrum Foundation transferred the funds without receiving the community's approval in March. According to the proposal, the foundation should proceed with its budget plan only after returning the tokens.

What's going on with arbitrum's 750 million tokens?

The conflict comes after a few days the layer-2 protocol airdropped its governance token. According to the AIP-1 proposal on Arbitrum’s DAO, the 750 million tokens would be used to cover “Special Grants, reimbursing applicable service providers [...] and covering ongoing administrative and operational costs of The Arbitrum Foundation.”

Will arbitrum return 700 million ARB tokens to Dao Treasury?

Voting ends on April 14. The Arbitrum community has initiated a new proposal requesting the Arbitrum Foundation to return 700 million ARB tokens to its DAO Treasury. The move comes after the Arbitrum Foundation transferred the funds without receiving the community's approval in March.