Ongoing Onchain Proposals
1. Transfer 8,500 ETH from the Treasury to ATMC’s ETH Treasury Strategies
Entropy proposes transferring 8,500 ETH accrued from Sequencer and Timeboost Revenue from the DAO’s treasury to the Arbitrum Treasury Management Council (ATMC).
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
1. AGV Council Compensation Calibration: Benchmark for Future Council Terms
This proposal seeks DAO approval for an updated compensation framework for future Arbitrum Gaming Ventures (AGV) Councils.
The proposal suggests an annualized base salary of $50,000 USD (up from $30,000 USD) for Council members, and $100,000 USD for the Investment-Committee seat (up from $80,000 USD). A 60,000 ARB token bonus vested on an accelerated 6-month schedule following the Council term is also recommended.
If approved by the DAO, these changes will not retroactively apply to the current AGV Council. The revisions can be fully funded within AGV’s existing operating budget and require no additional DAO funds.
2. Should We Try a Delegate Incentive Program Like The Arbitrum Triple Dip?
This proposal suggests a new version for the Arbitrum DAO Delegate Incentive Program, featuring a three part reward system:
First Dip: Rewards for qualifying delegates above the threshold voting power, based on objective participation in offchain and onchain proposals. Rewards accrue only if delegates maintain the participation record required by the program.
Second Dip: Rewards for qualifying delegates with a minimum Peer Recognition Score (PRS). The PRS is based entirely on the ‘Likes’ comments receive, weighted based on reputation or voting power of the author.
Third Dip: Rewards for impactful contributions. All enrolled delegates can evaluate the value of each other’s contributions by casting a valid weighted vote in a shielded offchain voting space.
For more details on the program, refer to the the discussion here.
Other Reminders
1. Security Council Election - Member Election
The member election phase is the final round of voting in electing this security council cohort.
The member election phase has entered the vote decay phase. Now that the initial seven-day window (Oct 13 – Oct 20) has passed, delegates’ voting power will decrease linearly over the remaining days (Oct 20 – Nov 3).
The top 6 candidates will form the new cohort of the Security Council.