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Tally launches stARB token staking program to provide yield for ARB and enhance liquidity.

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#DeFi
$ARB
Odaily
349Words
Aug 10, 2024

Odaily Planet Daily News: Tally's Market Director, Frisson, has proposed a new initiative aimed at enhancing governance mechanisms and strengthening security through the implementation of $ARB token staking. The proposal plans to introduce a liquid staking token called stARB through the Tally protocol, incorporating DeFi and Restaking to achieve token staking rewards and compounding, while retaining holders' governance delegation. Development work is expected to commence in August, with a full $ARB staking implementation proposal to be submitted by October. Upon approval of the proposal, $2 million worth of $ARB tokens will be provided as development funds.

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