KelpDAO Thanks Arbitrum Security Council After Emergency Freeze Action
KelpDAO said it worked with the Arbitrum Security Council (Arbitrum governance security group) and ecosystem stakeholders for two days, while crediting SEAL 911 for helping coordinate the response.
Summary
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Terms & Concepts
DAO: A decentralized autonomous organization, a blockchain-based group governed by token holders or predefined rules.
Emergency freeze: A protective action that temporarily halts certain blockchain-related activity to help contain potential risk or damage.
Arbitrum Security Council: A designated governance security group within the Arbitrum ecosystem that can take urgent action in emergency situations.