Ethereum layer2 answer Arbitrum would airdrop 112.8 million ARB tokens to 137 decentralized autonomous organizations (DAOs) on its ecosystem on March 23.

Arbitrum says airdrop shouldn’t be a retroactive grant

In a March 21 Twitter thread,  Arbitrum stated the airdrop was not a retroactive grant. Instead, it was a manner of empowering the sub-communities on the layer2 community to localize governance choices.

Arbitrum added that the airdrops can be distributed solely to initiatives with a DAO and a neighborhood treasury. However, it made an exception for The Protocol Guild, a collective of Ethereum core builders and contributors.

Arbitrum stated it thought-about elements just like the challenge’s deployment date alongside whether or not it was multi-chain or native to its ecosystem. Other elements thought-about embody the transaction quantity, the entire worth of belongings locked on the challenge, and native liquidity moved to the ecosystem.

It added:

“The hope and intention is that by distributing to Arbitrum DAOs, we’re able to spread governance power more widely amongst users than solely allocating to those who were eligible for the airdrop.”

GMX to get 8 million tokens

A breakdown of the airdrop distribution by Nansen confirmed that the decentralized trade GMX and TREASURE would get the best quantity of tokens — 8 million every.

Other initiatives like Uniswap (UNI) and SushiSwap (SUSHI) would get 4.3 million and 4.2 million ARB tokens, respectively.

MakerDAO, KyberSwap, DODO, Camelot, and 24 different initiatives can be over 1 million ARB tokens. ParaSwap, Chainlink (LINK), and 43 different initiatives would recover from 200,000 tokens.

Meanwhile, the least quantity of tokens — 75,000 — can be distributed to 60 decentralized finance (DeFi) initiatives.

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