Arbitrum Foundation responded to community backlash by saying that AIP-1 was a ratification, and that part of the tokens had already been sold for stablecoins.
to the AIP-1 proposal on Arbitrum's DAO, the 750 million tokens would be used to cover"Special Grants, reimbursing applicable service providers [...] and covering ongoing administrative and operational costs of The Arbitrum Foundation."Screenshot: AIP-1: Arbitrum Improvement Proposal Framework. Source: Arbitrum DAO.post on April 2 that AIP-1 was a ratification, not a proposal. It also noted that part of the tokens were already sold for stablecoins.
The Arbitrum Foundation claims the symbolic first governance attempt failed due to communication problems and decisions that were"clearly not articulated correctly": "One of the mistakes in the drafting of AIP-1 was a failure to note at the outset that this proposal was intended to act as a ratification of the initial setup of both the Arbitrum DAO and the Foundation that has been created to serve the DAO. [...] the point of AIP-1 was to inform the community of all of the decisions that were made in advance.
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