29 October 2024 - Security Council Elections & Roundup of Active/Upcoming Votes

Security Council Election Reminder :alarm_clock:

1. Security Council Member Election Phase

The Member Election phase has 5 days to go, and the linear vote decay function is active (so the longer you wait to cast your vote(s), the less voting power you will have). Be sure to cast your vote(s) here :point_right: Member Election | Arbitrum Security Council Election if you haven’t already!

:arrow_right: The 6 candidates with the most votes will join the Arbitrum Security Council
:arrow_right: Votes can be spread across candidates

Check out the resources below to find out more:

Onchain Proposals :ballot_box:

1. (V2) Arbitrum Research & Development Collective (Voting starts on Oct 31, Thursday)

The proposal requests 1.73M USDC (+ 180k ARB for the Supervisory Council budget) for V2 of the ARDC. The ARDC aims to continue aligning with ArbitrumDAO’s strategic priorities, focusing on governance optimization and future-proofing through industry-leading research providers. This iteration of the ARDC will include:

:arrow_right: An elected Supervisory Council of 3 (replacing the previous Operations Lead role) to provide comprehensive oversight, strategic alignment, and effective day-to-day operations for the ARDC; as well as separately elected Risk, Security, and Research-oriented members.

:arrow_right: A retainer model for Cost-Effectiveness, where 1/5 of the total cap allocated to each working member’s role will be paid upfront, and the remaining 4/5 tied to project-based deliverables which will be paid in phases: 50% upon commencement of each task, and the final 50% upon successful completion of the task.

:arrow_right: An Extension Option for the ARDC Term: Introducing the possibility to extend the ARDC’s term by an additional six 6 months, pending approval through a Snapshot proposal. This brings the potential total term to one 1 year (which this proposal has already budgeted for).

Forum post link here.

2. Establishing a DAO Events Budget for 2025 (Voting starts on Oct 31, Thursday)

The proposal aims to establish a budget of 4M ARB (to be converted into $1.5M by the Arbitrum Foundation, with any excess being returned) for DAO events in 2025 to support Arbitrum’s presence at major industry events and facilitate in-person initiatives to enhance collaboration and operational efficiency.

:arrow_right: The initiative will focus on delegate gatherings and ecosystem growth events, with a structured process for selecting event providers and ensuring alignment with the broader ecosystem.

Forum post link here .

1 Like