The Arbitrum community is conducting an on-chain vote on the proposal "Kyber Network applies for a grant of 1.5 million ARB from the Arbitrum Foundation."

According to ChainCatcher news, the Snapshot governance page shows that the Arbitrum community is conducting an on-chain vote on the proposal "Kyber Network requests a grant of 1.5 million ARB from the Arbitrum Foundation." The voting will end on October 13. Kyber Network stated that if the proposal is approved, the 1.5 million ARB will be used to reward users who provide liquidity on Kyber, to help Arbitrum develop its ecosystem.

It is reported that at least 71.51 million ARB need to participate in the vote, and the proposal must receive over 50% support to be approved.