docs.arbitrum.foundation Open in urlscan Pro
76.76.21.93  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content
Arbitrum DAO has been officially announced, and the $ARB airdrop is live. Claim
your $ARB.

Arbitrum DAO - Governance docs
GitHub




 * A gentle introduction
 * Why decentralize governance?
 * Airdrop eligibility and distribution
 * State of decentralization
 * The Constitution of the Arbitrum DAO
 * Creating new Arbitrum chains
 * How-to guides
   * Submit a DAO proposal
   * Resubmit a proposal
   * Delegate your voting power
   * Become a delegate
   * Build a delegate platform
   * Vote on proposals
 * Governance concepts
 * Governance architecture
 * Foundation documents
 * Comprehension check
 * Glossary
 * FAQs

On this page
✏️Request an update


$ARB AIRDROP ELIGIBILITY AND DISTRIBUTION SPECIFICATIONS

PUBLIC PREVIEW DOCUMENT

This document is currently in public preview and may change significantly as
feedback is captured from readers like you. Click the Request an update button
at the top of this document or join the Arbitrum Discord to share your feedback.

THERE IS NO PRESALE

The only official website for the $ARB airdrop is https://arbitrum.foundation.
There is no presale. Don't ever share your seed phrase. When in doubt, join the
Discord to ask for clarification.

$ARB is an ERC-20 governance token native to the Arbitrum One rollup chain.
Token properties at launch:

Initial supply cap10 billionInflationMax 2% per yearMinting/burning mechanismL2
smart contractBridgeable to Ethereum L1?YesTokens launch onArbitrum OneOn-chain
governance (voting) happens onArbitrum OneAirdrop snapshotBlock 58642080 on
Arbitrum One = February 6th, 2023Claiming startedBlock 16890400 on Ethereum
Mainnet = March 23rd, 2023. Please note that $ARB cannot be minted or claimed on
the Ethereum Mainnet; it is only minted and claimable on Arbitrum One.Claiming
endedBlock 18208000 on Ethereum Mainnet = September 24th, 2023. Please note that
$ARB is no longer claimable.


TOKEN ALLOCATION & AIRDROP DISTRIBUTION

The passing of AIPs 1.1 and 1.2 codified the role of the Arbitrum Foundation and
established a grant to the Foundation's Administrative Budget Vesting Wallet.
The distribution as of the passing of these two AIPs was as follows:


DISTRIBUTION POST AIPS 1.1 AND 1.2

Percentage of initial supplyNumber of tokensAllocated to35.28%3.528
billionArbitrum DAO treasury26.94%2.694 billionOffchain Labs Team and Future
Team + Advisors17.53%1.753 billionOffchain Labs investors11.62%1.162
BillionUsers of the Arbitrum platform (via airdrop to user wallet
addresses)7.5%750 millionArbitrum Foundation 1.13%113 millionDAOs building apps
on Arbitrum (via airdrop to DAO treasury addresses)


USER AIRDROP ELIGIBILITY DETAILS

A points system was used to determine the number of tokens that airdrop
recipients can claim. Points criteria was focused primarily on Arbitrum One;
however, there was a small subset of criteria applied to activity on Arbitrum
Nova. Points earned on Arbitrum Nova could either bring a user up to 4 points
total, or give them one additional point if they had already scored 4 points or
more on Arbitrum One. You earn maximum one point per qualifying action performed
before the snapshot date. Point scores were capped at 15.

Additionally, as the criteria and design of the airdrop as a whole was
intentioned to reward early adopters, points scored (minimum of three) before
Arbitrum Nitro was launched on Arbitrum One mainnet are worth twice as much as
points scored after. Arbitrum Nitro launched on Arbitrum One mainnet at block
#22207817 (Aug-31-2022 02:32:22 PM +UTC).

Qualifying actions:

Points earned on Arbitrum One

 1.  Bridged funds into Arbitrum One
 2.  Conducted transactions during two distinct months
 3.  Conducted transactions during six distinct months
 4.  Conducted transactions during nine months
 5.  Conducted more than four transactions or interacted with more than four
     different smart contracts
 6.  Conducted more than ten transactions or interacted with more than ten
     different smart contracts
 7.  Conducted more than 25 transactions or interacted with more than 25
     different smart contracts
 8.  Conducted more than 100 transactions or interacted with more than 100
     different smart contracts
 9.  Conducted transactions exceeding in the aggregate $10,000 in value
 10. Conducted transactions exceeding in the aggregate $50,000 in value
 11. Conducted transactions exceeding in the aggregate $250,000 in value
 12. Bridged more than $10,000 of assets into Arbitrum One
 13. Bridged more than $50,000 of assets into Arbitrum One
 14. Bridged more than $250,000 of assets into Arbitrum One

Points earned on Arbitrum Nova

 1. Bridged funds into Arbitrum Nova
 2. Conducted more than three transactions
 3. Conducted more than five transactions
 4. Conducted more than ten transactions


Converting Points to tokens:

Points scored (values represent points scored pre-Nitro)Airdrop entitlementLess
than 3Not eligible31,25041,75052,25063,25073,75084,25096,250106,750117,25012 or
more10,250


As described earlier, points scored before and after Arbitrum Nitro was deployed
on Arbitrum One mainnet were weighted differently. Points scored before Arbitrum
Nitro were worth twice as much as points scored after -- as a result any points
scored after Nitro resulted in half as much of an allocation per point shown in
the table above. If an address only became fully eligible (minimum of three
points) post-nitro, all points scored counted as post-nitro points. Thus, the
minimum airdrop entitlement is 625 tokens, half of the minimum entitlement in
the table above; the maximum airdrop entitlement is 10250 tokens.

User protections:

To prevent bots from taking advantage of the airdrop, a number of anti-Sybil
rules were established:

 * If an airdrop recipient's wallet transactions have all occurred within a
   48-hour period, one point is subtracted.
 * If an airdrop recipient's wallet balance is less than .005 ETH, and if the
   wallet hasn't interacted with more than one smart contract, one point is
   subtracted.
 * If an airdrop recipient's wallet address has been identified as a Sybil
   address during the Hop protocol bounty program the recipient is disqualified.

Refer to Arbitrum Sybil Hunting to learn more about the Sybil mitigation
methodology. Refer to our Sybil accounts concept document for a conceptual
introduction to Sybil accounts.


DAO AIRDROP CRITERIA AND DISTRIBUTION

A separate distribution was allocated for DAOs that are building applications in
the Arbitrum ecosystem, as well as the Protocol Guild, a collective of Ethereum
contributors. In putting together this criteria we worked with Nansen and
analyzed on-chain data to determine how many tokens each DAO community was
granted. In doing so we took into account a variety of qualitative and
quantitative metrics including when the protocol launched, whether it was native
or multichain, how much TVL, activity, transaction volume, value of transactions
it had, as well as the consistency of maintaining those metrics. The goal of
using a broad variety of criteria was recognizing that Arbitrum is home to a
diversity of projects that have different KPIs and user interactions.

You can view the full list of DAOs and their allocations here.


VESTING AND LOCKUP DETAILS

While the user and DAO airdrops were available at the start of token
distribution (3/23/2023), all investor and team tokens are subject to 4 year
lockups, with the first unlocks happening one year after the token generation
event (3/16/2023) and then monthly unlocks for the remaining three years. The
Arbitrum Foundation's allocation is subject to a lockup that began on 4/17/2023
and linearly unlocks over the course of four years; this is enforced by the
Arbitrum Foundation Vesting Budget Smart Contract Wallet.

Edit this page

Previous
Why decentralize governance?
Next
State of decentralization
 * Token allocation & airdrop distribution
 * Distribution Post AIPs 1.1 and 1.2
 * User airdrop eligibility details
 * DAO airdrop criteria and distribution
 * Vesting and lockup details

Docs
 * Get started

Community
 * Discord
 * Twitter

Copyright © 2023 Arbitrum Foundation.