Rationale for Votes Occurring July 20th-31st
Snapshot Votes
- GCP Council Voting
- Proposal: link
- Vote: David Bolger, CoinflipCanada, Greg Canessa, Karthik Raju and Enric Pedro
- Reasoning: We voted for these individuals because they complement one another well and will create synergy as a whole. Each individual who we voted for has both strong subject matter expertise and/or gaming industry experience.
- Entropy Advisors: Exclusively Working With Arbitrum DAO
- Proposal: link
- Vote: For
- Reasoning: We voted FOR this proposal. In Entropy’s short existence as an organization, it has already made meaningful contributions to the DAO by finding cost savings opportunities and passing proposals that mitigate operational inefficiencies. We are sensitive however to the budget as it is a sizable amount that includes startup costs which typically a company would not ask a client to cover. Furthermore, the budget does not include leftover funds from the large grant that Entropy received from the Foundation. We are eager to see Entropy’s quarterly transparency reports so we can keep a pulse on their spend.
- Furucombo’s Misuse of Funds
- Proposal: link
- Vote: For - Ban Furucombo
- Reasoning: We voted to Ban Furucombo. Misusing funds and breaking program rules should not be tolerated in the DAO. Although the funds were returned, it is best to set a strong precedent against this kind of behavior.
- Change Arbitrum Expansion Program to allow deployments of new Orbit chains on any blockchain
- Proposal: link
- Vote: Against (Only Ethereum L1)
- Reasoning: We voted AGAINST allowing deployments of new Orbit chains to any blockchain. Our team heavily weighed the pros and cons of voting for versus against expansion. We took into account the potential upside in revenue from this expansion and how it would be a hedge against our current Ethereum-only commitment, however we believe that the Arbitrum DAO’s Constitution provides strong reasoning for why delegates should vote against this proposal.
The FIRST community value presented in Section 6 of the Arbitrum Constitution is “Ethereum-Aligned” and states the following: “Arbitrum is part of the Ethereum ecosystem, and the Arbitrum community is part of the Ethereum community. Although the ArbitrumDAO makes its own decisions and pursues its own goals, it is deeply aligned with Ethereum and sees itself as an active and constructive participant in the Ethereum community.” While there can be different interpretations of this document, in our view this proposal strays ArbitrumDAO away from its core values and will likely create unwanted risk and longterm consequences.