“Arbitrum was one of the only bastions of tokenholder dominance,” pseudonymous DAO contributor PaperImperium wrote on social media. He works at GFX, a crusading delegate in the Arbitrum DAO and several other crypto cooperatives. At some point we should stop calling these things governance tokens. Just call them Limited Partner tokens, because they trend towards zero control, and — if lucky — share in financial upside passively.” passively.”