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A controversy erupts around the Arbitrum Foundation and its first proposal.
The problem? The Arbitrum Improvement Proposal 1 (AIP-1).
The community voted against this proposal, which aims to establish the operation of the decentralized autonomous organization (DAO) ensuring the development of the Arbitrum network. One of the controversial elements of AIP-1 is the allocation of 750 million ARB tokens to the foundation for operational and administrative expenses, which is 7.5% of the total offer. Although the vote is not yet complete, the proposal was rejected by 82.9 percent.
The Arbitrum Foundation indicated that AIP-1 was a ratification rather than a proposal and that it was simply seeking to outline what would happen. However, a communication error suggested that implementation of various elements outlined required community input.
This miscommunication may affect the community's confidence in the Arbitrum Foundation going forward.
While some centralization is necessary for a project launch, clear and transparent communication is essential to building trust and credibility in the ecosystem.
What are your thoughts on this news? Could this lack of communication impact the project in the long run?