ArbitrumDAO has elected six new members to its 12-person Security Council. The vote ran from April 12 through May 3. The result reshapes the body that handles emergency protocol actions for Arbitrum (ARB).
Michael Lewellen led the field with 25.19 million weighted votes. The ARB price readcted to the news, as governance attention returns to the network.
Six Winners Reshape Half the Council
Six of the 12 council seats rotate every six months under Arbitrum’s security framework.
- Lewellen, a returning member, secured the highest weighted total at 25.19 million.
- DZack23 came second with 24.01 million votes.
- Yoav.eth followed at 21.75 million,
- Certora at 21.56 million.
- Bartek.eth pulled 21.05 million, and
- Pablo Sabbatella of OPSEK rounded out the cohort at 20.82 million.
11 candidates qualified for the final round after compliance checks. The pool narrowed from a wider field that began submitting applications in March.
Voting carried full weight for the first seven days of the 21-day window, then decayed to reward early participation.
A grace period ends May 21, after which the new cohort starts signing for the multisig.
ARB Reaction and the Council’s Live Stakes
As of this writing, ARB was trading for $0.1193, up by almost 5% in the last 24 hours, with traders weighing the rotation against ongoing council business.
The new cohort inherits an unfinished file. Weeks before the vote closed, the outgoing council froze 30,766 ETH tied to the KelpDAO exploit. The emergency action highlighted the body’s real-world powers.
A US court has since blocked movement of the frozen stash while victims pursue claims, leaving recovery in legal limbo.
The seated members will also weigh ongoing treasury decisions tied to ARB allocations across the DAO.
Once members take their seats after May 21, the council inherits the pending file. New threats to the Layer 2 (L2) will land in their inbox too.
Continued legal pressure on the KelpDAO funds will be the first major test of the incoming signers.
The post ArbitrumDAO Sends ARB Price Soaring With New Security Council Election appeared first on BeInCrypto.
