#Arbitrum #launches #executing #dao #governance #model #aims #increased #decentralization
Current financial system explained
The current financial system is a complex network of institutions, markets, and regulations that facilitate the transfer of money and other financial assets. It includes
* The Ethereum layer two scaling solution Arbitrum has launched a native governance token and a self-executing DAO governance model.
* The token will have an initial supply of 10 billion, and coins will be airdropped.
* Investor and team tokens are subject to four-year lockups.
they give the token mainly to themselves (and some to the community), so centralization still remains high
With a healthy majority going to devs and VCs. Sounds super decentralized /s
Ita worth noting that its a points based allocation with +1 point for 1, 3 and 10 transactions on arbitrum nova.
Its unclear if that makes your vault eligible, but it might….