100% spot on. While Plutus never outright lied they were disingenuous and suckered a number of retail investors to gain a large block of voting power. This proposal adds nothing to the Arbitrum ecosystem besides bailing out Plutus.
Staking mechanisms that earn rewards through inflation of the native token do not work (and we’ve seen countless examples of this). If it isn’t real yield (ie. protocol revenue) then its rubbish.
hey, what happened to this proposal?
Is it still being worked on? The timeline in the proposal for the Tally vote was planned during Week 45-46, I guess it isn’t accurate anymore.
Any idea when the Tally proposal is planned to go live? And what was the reason for this delay?
Thank you
Can we get an update please? What’s the new timeline? @Plutus
LOL the team is completely silent about this proposal…
In the discord they keep saying that they are working behind the scenes with some big ARB delegates to finalize the prop, can anybody confirm this? We have 0 trust in the Plutus DAO team so we have to question everything they say.
The best way forward for plsARB is still a full redemption not this bs, it would be a double win: plsARB holders who are unhappy with the product can redeem back their ARB and the Arbitrum governace gets rid of one of the largest voting block that do not deserve all this voting power especially since Plutus “DAO” is not a DAO at all.
is there anything new regarding this proposal?
seems that team is silent now, does that mean that proposal is canceled or still clarifying issues
what happen to this proposal ? any update on this ?
6 months later still nothing…
jail
Staking ARB is dead.
Unfortunately ARB is the most terrible token on the market
Wait,
@Plutus DAO themselves wrote this proposal, but did not organize anyone to vote. What is the reason - they did not indicate in this article.
If you look at the comments, many were interested in this proposal and asked why Plutus DAO suddenly went silent and stopped answering questions in their own sentence. (Last Post Nov 30, 2023)
Questions remain only for Plutus, why they abandoned their idea and stopped working on it.
That is obviously. Arbitrum and Offchain Labs asked them about it. Because they don’t want launch staking. This is a power of DAO!
They have enough voting power to put it to a vote, why would they ask anyone’s permission?
I don’t think so. Arb is not dead yet