The Stargate DAO has voted to approve the "ARB Token Distribution" proposal.

According to BlockBeats news on June 20th, as shown on the Snapshot page, the Stargate DAO has voted in favor of the "ARB Token Allocation" proposal, with a support rate of 94.67%. Under this proposal, Stargate DAO will receive approximately 1.67 million ARB Tokens during the Arbitrum airdrop period. Stargate should use 70% of these tokens to pay for the liquidity incentives of the new LPStakingTime contract, in order to increase liquidity into Arbitrum and reduce STG emissions. The remaining 30% of tokens should be used for partner integration plans that run for over 12 months.