Arbitrum Basis Sends $56M of Unclaimed ARB to the DAO Treasury as Airdrop Ends

Arbitrum, a number one layer-2 scaling resolution for Ethereum, has transferred unclaimed tokens from its airdrop to its treasury.

Arbitrum Basis Sends Unclaimed ARB To The DAO Treasury as Airdrop Ends

The Arbitrum Basis despatched 69.4 million unclaimed ARB tokens to the Arbitrum DAO, stating that customers will not be capable of declare them. The transferred tokens are valued at roughly $56 million.

Round 93% of eligible customers had already claimed their tokens, and the unclaimed tokens symbolize 0.69% of the overall token provide.

Arbitrum was developed by Offchain Labs in 2021, and in March 2023, it launched a extremely anticipated airdrop of its governance token, ARB, which permits participation within the Arbitrum DAO’s on-chain governance protocol. Eligible customers had till Ethereum block 18208000, estimated to be generated on Sept. 24, to assert their airdrop.

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