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The Arbitrum DAO is currently hosting its Redelegation Week from July 17 to 23, allowing $ARB token holders to delegate their tokens to representatives for voting on governance issues. Several participants, including @pton_blockchain and @whizwang, have announced their involvement in the campaign. Additionally, the DAO approved the STEP Committee's recommendation to diversify 35 million ARB tokens into tokenized Real World Assets (RWAs). This proposal, which passed on July 11 with 99.44% approval, includes investments in products from BackedFi, Securitize, OndoFinance, Superstatefunds, MountainUSDM, and OpenEden_Labs. Nethermind, one of the six members of the STEP Committee, rigorously analyzed over 30 applications. The DAO will also diversify 4 million ARB into a tokenized US TBill product from BackedFi.
✧attention @arbitrum token holders✧ re-delegation week is live! be sure to reassess your votes by Wednesday Jul 23rd on Tally⬎ https://t.co/ml7mDTjo8H https://t.co/GH3hTeQon0
Vote approved! The @Arbitrum DAO will diversify 4M ARB into one of our tokenized US TBill products. Congratulations to the other recommendations @Securitize @OndoFinance @superstatefunds @MountainUSDM @OpenEden_Labs 🎉 https://t.co/E8Y5yNBmvJ
ARBITRUM ECOSYSTEM UPDATE - 7/17/2024 0:00 @Arbitrum (Re)delegation Week 4:53 ApeChain: Testnet Curtis by @apecoin 8:04 Talking @SankoGameCorp Community 12:27 State of the Orbit Ecosystem 17:11 My ETHCC Recap Links https://t.co/bJxBdsf7jU https://t.co/CtsMShgZE5… https://t.co/2GSzJLl0he
