Arbitrum Poised to Unfreeze $71M ETH Passes With 90% in Favor
Cointelegraph
A governance proposal to release $71 million in ETH frozen following the Kelp DAO exploit is set to pass with 90% support.Summary
An Arbitrum governance proposal to unfreeze 30,765 Ether (approximately $71 million), locked after the Kelp DAO exploit, has gained 90.5% support from voters. This initiative, supported by major protocols like Aave Labs and LayerZero, aims to facilitate the recovery of rsETH backing. While this vote concludes the initial "temperature check" phase, the recovery effort still faces a significant shortfall, and final implementation requires a formal onchain Constitutional Arbitrum Improvement Proposal.
(Source：Cointelegraph)