15 October 2024 - Security Council Elections & Roundup of Active/Upcoming Votes

Security Council Election Reminder :alarm_clock:

1. Security Council Member Election Phase

The Member Election phase (i.e. final round of voting) commenced on October 13 and will run for 21 days (until November 3)… Cast your vote(s) here :point_right: Member Election | Arbitrum Security Council Election
:arrow_right: The 6 candidates with the most votes will join the Arbitrum Security Council
:arrow_right: Delegates are encouraged to cast their vote(s) in the next 5 days, as voting power will linearly decay from October 20
:arrow_right: Voting power can be spread across candidates
:arrow_right: There will be an AMA on October 16 at 14:00 UTC, featuring the 13 final candidates

Check out the resources below to find out more:

Onchain Proposals :ballot_box:

1. Funds to Bolster Foundation’s Strategic Partnerships Budget (Voting ends on Oct 17, Thursday)

This AIP proposes to fund the Foundation with 250M ARB to better support strategic partnerships across (non-exhaustive):
:arrow_right: Expanding orbit chains and the RWA ecosystem, and
:arrow_right: Being a gateway for many traditional and/or enterprise orgs to access the DAO.

A special strategic partnership allocation will be expanded upon in future Transparency Reports to enhance visibility into how these partnerships are structured and how resources are allocated.

Forum post link here.

2. Upgrading RARI Governance Token on Arbitrum (Voting ends on Oct 18, Friday)

This AIP proposes to register a custom gateway for a new RARI L2 token contract via the Arbitrum native bridge.

:arrow_right: This upgrade makes RARI governance more accessible, by simplifying the UX, reducing gas fees, and enabling new token functions.

Forum post link here.

3. ArbitrumDAO strategic “Off-site” (online) (Voting ends on Oct 18, Friday)

This AIP proposes to enhance the alignment, communication, and collaboration in the DAO through a series of coordination and workshops via a 8-week sprint with 35,266 ARB.

It aims to achieve:
:arrow_right: Alignment on DAO priorities for the next 6 months,

:arrow_right: Engagement from top delegates and key stakeholders,

:arrow_right: Clarity to the broader DAO enabling them to rally around priorities, and

:arrow_right: Positive feedback with a strong desire to continue similar initiatives.

Forum post link here .

4. Fund the Stylus Sprint (Voting ends on Oct 24, Thursday)

This AIP proposes to launch a Stylus-focused grant program to encourage early development of Stylus smart contracts and tooling.

:arrow_right: The sprint will award up to 5M ARB to teams building on Stylus. Applications will be open for 8 weeks with a 2 week review period and program length of 1 year.

:arrow_right: An Evaluation Committee of 7 and Committee Advisor will review applications and facilitate the program.

Forum post link here.

5. Arbitrum DAO Delegate Incentive Program (DIP) (Voting ends on Oct 24, Thursday)

This AIP proposes to expand the current DIP for a year with a budget of 10.56M ARB. Some details of the expanded program includes:

:arrow_right: Scoring weight changes for participation,

:arrow_right: Soft enforcement for DAO’s social agreements, and

:arrow_right: A minimum threshold requirement change for delegates to qualify for the program.

Forum post link here.

Snapshots⚡️

1. LTIPP Retroactive Community Funding Selections (Voting ends on Oct 17, Thursday)

This proposal involves the allocation of 100,000 ARB that was already budgeted for from LTIPP, for retroactive funding to community members who have made valuable contributions during the Pilot Program.

:arrow_right: The decision is made through an Approval vote, where delegates can select multiple options, and funding is awarded to applicants with at least 75M votes in favor.
:arrow_right: DAO members who felt they contributed meaningfully to the LTIPP program applied via this forum thread: LTIPP Retroactive Community Funding.

2. Establishing a DAO Events Budget for 2025 (Voting ends on Oct 17, Thursday)

The proposal aims to establish a budget of $1.5M for DAO events in 2025 to support Arbitrum’s presence at major industry events and facilitate in-person initiatives to enhance collaboration and operational efficiency.

:arrow_right: The initiative will focus on delegate gatherings and ecosystem growth events, with a structured process for selecting event providers and ensuring alignment with the broader ecosystem.

Forum post link here.

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