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88 d 01 h 49 mWe must decentralize
The Arbitrum DAO is a massive leap forward, making Arbitrum the first EVM rollup tech to reach Stage 1 decentralization.
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Starting today, anyone can easily launch a new Arbitrum chain as a Layer 3 in the Arbitrum ecosystem.
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Who is involved?
Individuals across the ecosystem can participate in governance. Token holders control protocol upgrades, funds allocation, and election of a Security Council who can perform emergency upgrades. Your voting power is derived directly from the number of tokens delegated to you.
Read docsThis marks the beginning of decentralized governance for the Arbitrum protocol. Users across the ecosystem will be given voting power. 11.62% of tokens will be initially distributed to users and 1.13% will be distributed to DAOs in the Arbitrum ecosystem.
Distribution
The State of Decentralization
Read docsChain Ownership
Chain ownership of both Arbitrum One and Arbitrum Nova is under the control of the Arbitrum Governance system.
Comprised of both the Arbitrum DAO and the Security Council, the governance system currently has the ability to alter itself. Arbitrum One has now reached Stage 1 decentralization.
Validator Ownership
Execution on Arbitrum is validated to Ethereum Mainnet by a set of validators.
This set of validators has been expanded to include organizations across the ecosystem. All validators would have to be malicious for an incorrect transaction to be accepted.
Sequencer Ownership
The Sequencers for both Arbitrum One and Arbitrum Nova are currently maintained by the Arbitrum Foundation.
Governance currently has the power to select new Sequencers.
Data Availability Committee (DAC) Ownership
Arbitrum Nova has a 7-party DAC, whose members can be seen here.
The Arbitrum governance system currently has the power to change the DAC, by adding or removing members, or modifying the DAC’s role in the system.