Snapshot Votes
1. [CONSTITUTIONAL] Register $BORING in the Arbitrum generic-custom gateway (Voting ends July 17th)
This proposal puts forward the registration of the $BORING token in the Arbitrum generic-custom gateway.
According to the Arbitrum bridge docs, bridging to an Arbitrum token with custom logic requires registration in the Arbitrum generic-custom gateway, which can be done either by the L1 token contract itself or by the Arbitrum DAO. Since the L1 token contract was deployed in the past without knowing this requirement, and is not upgradable, the latter option is needed.
2. [Constitutional] AIP: Update the Upgrade Executors (Voting ends July 17th)
This proposal seeks approval to replace the Upgrade Executor contracts on Arbitrum One, Arbitrum Nova, and Ethereum mainnet with upgraded versions.
The modernized version introduces an additional function that enables the Upgrade Executor to execute an upgrade by directly calling the target contract, rather than indirectly delegate calling an upgrade contract. As a result, future governance actions can be executed more simply and with fewer contract deployments.
If this proposal reaches a quorum of 3% of votable $ARB, it may be combined with several other maintenance-related proposals for a joint Tally vote.
3. Entropy Advisors: Exclusively Working with the Arbitrum DAO, Year 2 and Year 3 (Voting ends July 17th)
This proposal seeks to extend Entropy Advisors’ partnership with the DAO for two additional years.
If passed, the second official engagement would go into effect on September 1, 2025, immediately following the conclusion of Entropy Advisors’ first mandate.
A base pay of $3M per year is proposed. Additionally, and in an effort to achieve long-term alignment with the Arbitrum ecosystem, a 5M ARB allocation to Entropy Advisors is proposed, locked in a vesting contract with a 1-year cliff and 3-year vest. Lastly, 10M ARB will be set aside for the OAT to negotiate directly with Entropy Advisors on establishing short, medium, and long-term incentive mechanisms.