Factor DAO, an Arbitrum-based on-chain asset management platform, announced the release of a staking service that allows users to lock FCTR to obtain veFCTR. veFCTR represents the agreement's revenue share (after the treasury goes online and generates fees) and governance rights. Factor's Vaults product is currently ready, but further testing is required. According to CoinDesk, some community users discovered that parts of Factor DAO's code were copied from other crypto projects. Factor raised roughly $7.6 million from more than 4,000 wallets in its token sale between Feb. 20 and Feb. 24.