Ongoing Onchain Proposals 
1. The Watchdog: Arbitrum DAO’s Grant Misuse Bounty Program (Voting ends May 23)
A grant misuse bounty program dubbed “The Watchdog” is proposed to incentivize the identification and reporting of misused DAO-allocated funds.
The program would utilize an incentive mechanism to reward community contributors and investigators who submit verifiable reports of misappropriation.
The initial reviewers will comprise the Arbitrum Foundation, Entropy Advisors, and SeedGov.
400,000 ARB is requested to reward valid Watchdog reports and pay SeedGov (AF and Entropy are waiving compensation).
2. [CONSTITUTIONAL] AIP: ArbOS Version 40 Callisto (Voting ends May 29)
This AIP proposes to upgrade Arbitrum One and Arbitrum Nova to ArbOS 40 “Callisto.”
Callisto adds support for relevant Ethereum Execution Layer (EL) changes from Ethereum’s recent Pectra network upgrade and includes a minor fix related to Arbitrum Stylus.
Among the EL changes introduced are a way for Externally Owned Accounts (EOAs) to execute smart contract code directly from their own addresses (via EIP-7702) and new precompiles to efficiently perform operations over the BLS12-381 elliptic curve, including BLS signature verification (via EIP-2537).
Ongoing Temperature Checks 
1. DeFi Renaissance Incentive Program (DRIP) (Voting ends May 23)
DRIP proposes a new framework for incentives. Rather than focusing on specific protocols, DRIP will focus on assets and activities on Arbitrum through targeted 3-month “seasons” - each with a singular, measurable goal.
It seeks up to 80M ARB for the first four seasons (up to 20M per season).
Based on the learnings of previous incentive programs, it emphasizes high-growth, high-retention activities, controlled experimentation and clear incentive criteria.
The Season Selection Committee (SSC) will comprise of the Arbitrum Foundation, Entropy Advisors, and Offchain Labs, who would have full discretion over season design, management, modification, as well as selection of distribution and evaluation partners.