The proposal to grant 12 million ARB to Camelot by Arbitrum has not been approved

ChainCatcher news, according to the snapshot voting results, the proposal for Arbitrum to allocate 12 million ARB to Camelot was not passed, with 38% of participants opposing, 30% in support, and 32% abstaining.

Previously, the Arbitrum DAO initiated a proposal to grant 2 million ARB to Camelot DAO each month for the next 6 months (a total of 12 million ARB) to fund liquidity incentives for Arbitrum-centered projects on Camelot, including the introduction of new multi-chain protocols into its ecosystem.