Temperature Checks
1. Update Arbitrum One and Nova L1-Pricing Parameters for Ethereum Glamsterdam
Offchain proposes to prepare for Ethereum’s Glamsterdam upgrade by updating the parentGasFloorPerToken and perBatchGasCharge parameters on Arbitrum One and Arbitrum Nova.
Because Glamsterdam changes the Ethereum gas costs associated with posting Arbitrum chain batches, these parameter updates would ensure that the L1 fee paid by Arbitrum One and Nova users accurately reflects the cost of posting batches to Ethereum.
Voting ends on October 22.
2. Establish an L1 Voting Recovery System
Offchain proposes an L1 voting system that allows ArbitrumDAO proposals to be created, voted on, queued, and executed from Ethereum L1.
This system wouldn’t replace normal L2 governance nor modify the Security Council’s authority, rather, it is intended as a last-resort recovery path if normal L2 governance is broken and the Security Council is unable to act.
Voting ends on October 22.
3. Transfer 1,700 ETH from the Treasury to the Arbitrum Developer Guild & ATMC’s ETH Treasury Strategies
Entropy proposes to transfer ~1,615 ETH accrued from Sequencer revenue to the ATMC; and ~86 ETH accrued from Timeboost and PGA revenue to the Arbitrum Developer Guild (ADG).
The transfer of ETH to the ADG is in line with the past proposals to adopt Timeboost and adopt PGA, which state that 3% of ETH revenue derived through the transaction ordering mechanisms is to be deposited to the ADG.
Voting ends on October 22.
4. Adopting USDG as a Core Strategic Initiative for the ArbitrumDAO
With Arbitrum joining the Global Dollar Network (resulting in the USDG being live on Arbitrum), Entropy proposes a coordinated effort to grow USDG adoption so that the DAO becomes the steward of USDG’s growth on Arbitrum and the recipient of the associated economic value.
Accordingly, this proposal seeks approval to:
- Bolster the DRIP budget with an additional 100M ARB from the DAO treasury, adjust the season structure, broaden the program’s permitted activities, and extend its timeline
- Route net AEP fees to the ATMC to be converted into USDG and enable the ATMC to deploy assets in support of USDG growth
- Confirm the USDG initiative as a Special Project under Entropy’s existing Year 2-3 scope of work
Voting ends on October 22.