ArbiDAO is a cancelled project that would have been the first L2-native DAO.
ArbiDAO was planned to be the first DAO (decentralized autonomous organization) native to an Ethereum Layer 2 network and the first DAO native to Arbitrum.
The primary objective of this DAO would have been to create excellent user-facing open-source products on Arbiturm, including price charts and token analytics.
Participation in this DAO would have been powered and incentivized by the BUCK token, a token with a fixed supply of 100,000,000 (100M).
8% of the BUCK supply had been allocated to the ArbiDAO treasury.
After closely listening to the community and discussing whether the DAO would really be necessary at this stage, that 8% of the supply has since been [burned](https://arbiscan.io/tx/0x4881aac3c7849259d89746358f5a69374a047661ea619fdf84cfa485b341e450) (sent to a dead wallet).