Blockworks Research applies for approximately 2.2 million ARBs and plans to establish the Arbitrum Alliance

Blockworks Research launched a community proposal in Arbitrum, planning to establish the Arbitrum Alliance led by Blockworks Research, Gauntlet and Trail of Bits for a period of 12 months, aiming to help Arbitrum DAO members turn their ideas into reality. It is reported that the total cost of the alliance for one year will be based on the 30-day VWAP price of ARB the day before the on-chain proposal. It is estimated that it will cost about 2.2 million ARB, of which 1/4 will be paid in advance 91 days after the execution of the AIP. To each alliance member, the next 3/4 will be paid out over 274 days. Fund flow will remain under DAO control and can be cut off at any time via an on-chain DAO proposal.