A Lido DAO proposal to secure a 5 million ARB grant worth just over $4 million has been met with hefty opposition from the Arbitrum community.

The primary concerns? The grant’s size and ongoing concerns of Lido’s purported centralization.

In September, the Arbitrum Foundation introduced its Short-Term Incentive Program (STIP) to distribute 50,000,000 ARB worth $41.2 million and entice projects to launch on the speedy layer-2.

Arbitrum is a layer-2 scaling solution built atop the Ethereum network. It leverages Ethereum’s security while processing transactions without the scalability limitations of the layer-1 blockchain.

Seraphim Czecker, a contributor at Lido Finance, introduced the $4

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Author: Nivesh Rustgi

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