28 Jan 2024 - Roundup of Active/Upcoming Votes

Onchain Proposals :ballot_box:

1. STEP 2.0 (Voting starts on 30th Jan, Thursday)

The proposal seeks to allocate 35M ARB to the second iteration of the Stable Treasury Endowment Program (STEP), focusing on diversifying the Arbitrum DAO treasury into RWAs that are stable, liquid, and yield-generating, while promoting ecosystem growth for RWA protocols.

:arrow_right: Strategic Objectives and RWA Focus: Building on the success of STEP 1, the initiative targets low-risk instruments such as U.S. Treasury-backed assets, emphasizing consistent support for the RWA sector and a competitive provider selection process to enhance Arbitrum’s position in this growing market.

:arrow_right: Governance and Implementation Framework: A structured roadmap is outlined, including community discussions, approval votes, application reviews, and ratification of providers, with a committee overseeing the process to ensure transparency, efficiency, and rigorous due diligence.

:arrow_right: Budget and Resource Allocation: The program allocates 35 million ARB for diversification, supplemented by 125k ARB for implementation costs, including committee compensation, emphasizing cost efficiency and accountability in resource deployment.

2. OpCo: A DAO-adjacent Entity for Strategy Execution (Voting starts on 30th Jan, Thursday)

This proposal aims to establish a legal entity (OpCo) to operationalize DAO-defined goals by assigning employees or contracting service providers for end-to-end initiative execution.

:arrow_right: OpCo enhances strategy execution through improved operations, financial management, and project planning, overseen by the Oversight and Transparency Committee (OAT), with a 30M ARB budget over 30 months. Budget breakdown: 4M ARB reserved for bonuses, while 26M ARB reserved for liquidation until $12M worth of cash equivalents has been attained, any remaining ARB will be returned to the DAO treasury.

:arrow_right: OpCo also addresses challenges like siloed operations, lack of ownership in DAO programs, and initiative drop-offs due to limited accountability or expiring grants.

:arrow_right: This setup also maintains decentralization by ensuring DAO authority over OpCo whilst increasing independent entities to drive initiatives and serve as a flexible counterpart to the AF.

Snapshots⚡️

1. Arbitrum Strategic Objective Setting (SOS) – Defining the DAO’s Interim Goals (Voting ends on 30th Jan, Thursday)

This proposal seeks to establish a framework for setting clear and measurable strategic objectives for the Arbitrum DAO, aligning with its long-term vision (as outlined in the Unifying Arbitrum’s Mission, Vision, Purpose (MVP) proposal).

:arrow_right: The process involves a structured timeline for the community’s submission (anyone can submit a set of short-term (1-year) and mid-term (2-year) objectives and related tangible key results), feedback, revision, and voting on proposed objectives, with the aim of creating a cohesive strategy that guides the DAO’s activities.

:arrow_right: By setting and regularly reviewing these objectives, the DAO can ensure that its efforts are directed towards its most important goals, potentially improving its competitive position and operational efficiency, while addressing the DAO’s ever-evolving needs and overall industry dynamics.

2. Proposal for Piloting Enhancements and Strengthening the Sustainability of ArbitrumHub in the Year Ahead (Voting ends on 30th Jan, Thursday)

This proposal seeks to pilot enhancements and strengthen the sustainability of ArbitrumHub, a platform designed to provide a centralized information resource for the ArbitrumDAO community.

:arrow_right: This previously rejected proposal outlines a refined approach based on community feedback, focusing on platform maintenance, content accuracy, and efficient resource use. It requests a budget of $230,400 for 1 year, with an optional retroactive payment of $40k for the 10+ months of dedicated work completed by the team to date.

:arrow_right: It includes a detailed plan for quarterly fund withdrawals, a comparison with the Arbitrum Foundation’s site, and a comprehensive cost breakdown for the initiative.

:arrow_right: If approved, this proposal would enhance the ArbitrumHub platform, making it a more reliable and comprehensive resource for the ArbitrumDAO community - potentially leading to improved community engagement, and better information dissemination.