Tally launches stARB, an ARB token staking program designed to provide returns and enhance liquidity for ARB

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Odaily2024/08/10 11:36

By:Odaily

Odaily News Tallys head of marketing, Frisson, has proposed a new proposal to improve governance mechanisms and enhance security by implementing ARB token staking. The proposal plans to launch a liquid staking token called stARB through the Tally protocol, and introduce DeFi and Restaking to achieve token staking returns and compound interest while retaining the governance delegation rights of holders. Development work is expected to begin in August and a complete ARB staking implementation proposal will be submitted in October. If the proposal is passed, $2 million in ARB tokens will be provided as development funds.

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