On October 19th, Snapshot page displays that Arbitrum has proposed a token swap with a series of blue-chip projects. Currently, 19 blue-chip projects have been confirmed, with plans to swap tokens with 3-7 of them, with a total swap limit of 2 million ARB tokens and a maximum of 500,000 ARB tokens per project.

In addition, the proposal suggests incentivizing users who still hold 50% or more of the original ARB airdrop tokens through this plan. As of the time of writing, the proposal has a current opposition rate of 74% and will end on October 25th.