The Arbitrum Foundation would get to side step community governance when issuing “special grants.”
Highlights
- Arbitrum Foundation’s proposed backdoor stands in contrast to other elements of AIP-1 that underscore the claimed importance of token holders.
- “As Arbitrum is intended to be a public good, it is only right that governance over it should be governed by those for whom such public good is intended for,” read one section of the proposal.
- Arbitrum would get to side step community governance when issuing “special grants” to the Arbitrum foundation.
- The Foundation would also be able to side-step community governance by issuing ‘special grants.” to the community of the foundation” if it granted such grants.
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