Arbitrum community members question the progress of the "Game Catalyst Program" and propose to return 220 million ARB to the DAO treasury

ChainCatcher news, according to Unchained, over four months ago, the Arbitrum DAO authorized the allocation of 225 million ARB for the "Game Catalyst Program" (GCP). However, due to a lack of transparency and accountability mechanisms, community members have raised concerns.

Arbitrum community member Joseph Schiarizzi (@CupoJoseph) has posted a governance proposal suggesting that 220 million ARB in the GCP multi-signature wallet be returned to the Arbitrum DAO treasury.

The proposal points out that the GCP council has not fulfilled its responsibilities, delaying several oversight and transparency commitments made in the initial proposal. On-chain data shows that 1.35 million ARB have already been transferred out of the GCP multi-signature wallet, leaving 223.65 million ARB remaining. If the proposal passes, GCP will retain only about 2 million dollars in funds to continue operations until it can prove that more funding is needed.

Schiarizzi stated that his proposal may not pass, but its purpose is to introduce a certain level of accountability for the 120 million ARB tokens supporting GCP. He said, "I believe this will encourage the relevant parties to release updates more quickly."