Arbitrum ARB

Commentary versus actual token vesting

Foundation tranche decomposition (initial-setup transparency report): of the 7.5%, 0.4% (40m ARB) provided as a loan and 0.1% (10m ARB) sold to meet governance setup obligations; the remaining 7% locked. Governance constraint on the schedule: the Foundation's lockup is enforced by an on-chain contract whose beneficiary is a Foundation multisig, and the DAO retains power to modify the unlock terms. Not disclosed / not found The DAO Treasury — 35.28% of supply, the single largest allocation — has no circulation schedule. Release is fully discretionary by governance vote. Downstream flows are reported monthly (subcategory 7), but there is no forward schedule and no cadence. Advisors are merged into the team group, so 26.94% of supply cannot be split between internal and external recipients. No vesting contract address published, so schedules cannot be reconciled against deployed code. No consolidated first-party unlock calendar — third-party trackers carry the forward schedule. Post-cliff monthly unlock mechanics are stated but not exemplified — no per-month amounts published. The Foundation's lockup terms are DAO-adjustable without a stated notification process. Constitutional inflation provisions are not reflected in the published table — 10bn is stated as initial supply without a forward statement. The DAO Treasury's 3.528bn has no sub-group breakdown in the distribution table. The 0.4% loan recipient is not identified.