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Arbitrum DAO boosts ARB utility with staking and governance upgrades

The Arbitrum DAO has approved a temperature check proposal that aims to boost the utility of the ARB token and strengthen governance security through staking.

The staking mechanism will allow ARB token holders to stake and delegate their tokens in exchange for stARB, which represents their stake. The stARB token supports the automatic compounding of future rewards, restaking options and compatibility with various decentralized finance (DeFi) applications.

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