On August 16th, the Snapshot governance page showed that Frisson, the head of market operations at Tally, initiated a "enable ARB staking to unlock token utility" proposal in the Arbitrum community. The vote was approved with 91.54% support. The proposal proposes to unlock ARB utility by enabling ARB staking and improve the governance and security of the Arbitrum protocol, but will not open the distribution of fees to token holders for the time being. Through ARB staking, tokens are entrusted to users who are actively involved in governance, and token holders will be able to capture value. The proposal would also implement a liquidity staking ARB token (stARB) through the Tally protocol, which can automatically compound any future rewards, and can be (re) staked, and is compatible with DeFi. In addition, the proponents of the proposal said they will work with the Arbitrum DAO to decide whether and how to fund the rewards and distribute them between token holders and principals. According to the plan's timeline, the vote is tied to a preliminary review on Snapshot. After passing, the on-chain proposal will be released on Tally this month to apply for funding and start development. The smart contract will be submitted for review in September, and the on-chain proposal with the full ARB staking implementation will be submitted on Tally in October.