ArbitrumDAO approved a temperature check vote to release 30,765.67 ETH frozen by the Arbitrum Security Council following the April 18 KelpDAO exploit. The vote passed on May 7 with 90.96% in favor and effectively no opposition.

The frozen ETH was seized from the exploiter on Arbitrum One on April 21 and moved to a protocol-controlled address pending a governance decision on its destination. This proposal routes those funds into the coordinated DeFi United recovery effort, a 3-of-4 multisig controlled by signers from Aave Labs, KelpDAO, EtherFi, and Certora.

The funds will be applied toward restoring rsETH's backing. The next steps involve a 3-day voting delay once the vote is submitted for onchain execution, a 14-day vote, an 8-day L2 waiting period, a 1-week L1 message finalization, and a final 3-day L1 waiting period before execution. In total, approximately 42 days remain before the transfer is fully executed.

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The Protocol Guild, a collective supporting Ethereum core protocol contributors, has upgraded its DAO smart contracts to the Agora Governor, officially moving control of its split contract from a multisig to the DAO. The split contract distributes vested donations directly to Protocol Guild members. Powered by Agora, the new governance contracts feature two different proposal types.

Governance proposals for membership updates require 33% quorum and 51% approval, while proposals for weekly distribution proposals require 0% quorum and 100% approval. Previously, the Protocol Guild used an implementation of the Moloch V3 DAO, which required 33% quorum across all proposals.

The Moloch DAO's 33% quorum requirement made running weekly distributions through governance impractical, so Protocol Guild continued using a multisig for memberships and distributions. Under the new Agora contracts, the split contract is now fully DAO-controlled, including Protocol Guild's Cayman Islands legal entity.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created

Obol, a Distributed Validator Technology protocol securing over $1.2 billion in staked ETH, released Obol Stack v0.9.0, adding $OBOL as a payment asset for agent-to-agent transactions over the x402 protocol. The release also ships Hermes as the new default agent runtime and introduces a Claude Code plugin.

The Obol Stack is a modular framework in which networks and developers can package and distribute infrastructure systems, and node operators can discover and run them to earn rewards. With v0.9.0, agents transacting on the stack can pay in $OBOL or USDC in a single transaction, with no ETH required for gas.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created