May 7th news, according to DL News, the governance token ARB of Ethereum Layer2 network Arbitrum has plummeted by 71% in the past year, leading to a significant drop in its DAO voting participation rate. In response to this predicament, the Arbitrum community is considering lowering the minimum voting threshold required for proposal approval from 5% to 4.5% to revitalize governance activity. This move stems from an increasingly severe governance participation crisis. Data shows that Arbitrum's governance participation has decreased by 50% over the past year, and its token price has fallen by 87% from its historical high. Community representatives pointed out that when token holders suffer significant losses, their enthusiasm for participating in governance naturally diminishes. This situation not only affects daily decision-making but may also result in quality proposals failing to pass. Some representatives support lowering the threshold as a temporary measure, but the core issue lies in the ecosystem's lack of actual value to retain token holders.
The Arbitrum community is considering lowering the minimum voting threshold required to pass proposals from 5% to 4.5%
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