The AIP-1.05 was defeated by 118 million votes, representing 84% of the total votes received. A whale said the proposal only served as 'a power play'.
The AIP-1.05 was defeated by 118 million votes, representing 84% of the total votes received, while 21 million ARB tokens voted for the proposal, nearly 14.5% of the total. Around 2 million ARB tokens abstained. The proposal asked the Foundation to return the tokens as a “symbolic gesture to demonstrate that the governance holders ultimately control the DAO, not the Arbitrum service provider nor the Foundation.
"There is a balance that we need to try to accomplish between advocating for decentralization and preventing progress in the ecosystem. I believe that decentralization on its ideal form is nowhere to be seen in this industry yet." Arbitrum's community and its Foundation are engaged in a dispute over the Foundation's governance proposal AIP-1 —
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