It’s been a little over a month since the Arbitrum Foundation drama, where the foundation transferred funds from Arbitrum DAO without the community’s approval, sparking an uproar. But if you ask Steven Goldfeder, CEO and co-founder of Offchain Labs, that blunder was just one of the early steps on the journey to decentralization.
In late March, Arbitrum’s decentralization mission hit a hurdle: Its foundation had proposed to transfer 750 million ARB tokens, worth about $1 billion at the time, to its own wallets, but before the DAO could finish voting on the proposal, the foundation, a centralized entity, sent the majority of the tokens to itself. That backfired when the community voted against the move.
Predictably, that didn’t go down well with the community. In response, the A …
