Ongoing Onchain Proposals
Entropy proposes transferring 8500 ETH accrued from Sequencer and Timeboost Revenue from the DAO’s treasury to the Arbitrum Treasury Management Council.
The DAO Treasury currently has approximately 10.5K ETH unallocated to any treasury strategies. This allocation will increase the DAO’s ETH holdings by generating yield and can potentially support liquidity in venues within the Arbitrum ecosystem to supplement increased activity from DRIP. More details on the allocation strategy can be found here.
Ongoing Temperature Checks
This AIP proposes to upgrade the on-chain voting system for the ArbitrumDAO’s governance contracts.
The upgrade focuses on changing quorum threshold to a fixed percentage of the total Delegated Voting Power (DVP), impacting the quorum threshold for constitutional and non-constitutional proposals.
At this stage, the temperature check measures the community’s alignment with a DVP-based quorum model. The exact parameters will be confirmed through a separate Snapshot closer to the on-chain proposal.
Other Reminders
The member election phase is the final round of voting in electing this security council cohort. It’ll run for 21 days (Oct 13 to Nov 3) in 2 parts:
Full Weight: Delegates can vote with full voting power (Oct 13 - Oct 20)
Decreasing Weight: After day 7, delegates’ voting power decreases linearly (Oct 20 to Nov 3)
The top 6 candidates will form the new cohort of the Security Council.