One DAO member said that while the motivation may be valid, they favored a more constructive approach.“The desire to protect DAO funds and ensure transparency is valid, but immediately resorting to a complete clawback seems overly harsh and potentially counterproductive,” they wrote. The DAO member suggested phased clawbacks instead of immediately taking the program’s funding back and proposed flexible reporting standards to allow a more streamlined approach for the GCP. Arbitrum token declined 81% since the GCP launch The GCP was introduced on March 12, 2024, as a way to fuel the growth of Web3 gaming within the Arbitrum ecosystem.
Members of Arbitrum’s decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network, citing a lack of progress and transparency. On March 24, DAO member Nathan van der Heyden submitted a proposal calling for the recovery of unused funds allocated to the Arbitrum Gaming Catalyst Program (GCP).
The community member also said the GCP had been reluctant to document its activities and that the program was not delivering on its promises. Source: Nathan van der HeydenArbitrum proposal splits DAO sentiment Another DAO member seconded the proposal, saying the community must secure what is left of the funds:“The DAO should step in now and secure what is there and then think about a good and meaningful way of going forward.” While many others agreed to an immediate clawback of the funds, some said it may be counterproductive.
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Author / Journalist: Cointelegraph by Ezra Reguerra
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