Thread by @arbitrum

1/ There's a very lively discussion on the Arbitrum governance forums regarding AIP-1. Decentralized governance is working as intended. We are all one community and fierce public discourse will yield the best outcomes.

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2/ There have been several requests for clarity from the Arbitrum Foundation regarding the ratification process and here is a long form response from the Foundation adding additional context:
forum.arbitrum.foundation/t/clarity-arou…

3/ With DAO launches, there's a chicken-egg problem. Some decisions must be made before and in connection with a broader launch.

4/ The goals of AIP-1 were to engage the community about initial decisions and ultimately have token holders signal their support by ratifying the initial decisions and framework via DAO voting, and we're grateful for community feedback.

5/ To address two key questions that are asked: 1) The Foundation did not sell 50M $ARB tokens and 2) the rationale behind an initial allocation of 750M $ARB was covered in significant detail in the forum post above.

6/ Regarding the on-chain transfers of 50M $ARB tokens, 40M $ARB tokens have been allocated as a loan to a sophisticated actor in the financial markets space. The remaining 10 million has been converted to fiat and dedicated towards operational costs.

7/ We hope the Foundation's response adds much needed clarity that our initial messages lacked. We appreciate the community's consideration and continued dialogue around these important issues. We’re actively monitoring community feedback and will share more information soon💙🧡