404 DAO Delegate Communication Thread

Governance Delegate Statements
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14

Rationale for Votes Occurring Aug 1-16th

Snapshot

  1. Incentives Detox
  • Proposal: Link
  • Vote: For
  • Reasoning: We voted FOR the Incentives Detox. The 3-month detox will provide a period of reflection and ample time to iron out the details of the future incentives program. We look forward to collaborating on the next iteration of the incentive programs.
  1. ARB Staking
  • Proposal: Link
  • Vote: For
  • Reasoning: We voted FOR this initiative. We support innovative ways to enhance the utility of the ARB token and recognize the importance of staking for network security. Our conviction was strengthened after reviewing the memos from ARDC’s Research and Security Members, Delphi Digital, and Open Zeppelin. However, we share concerns about the risks involved in integrating a Tally Protocol LST, a brand new product offering. We advocate for a phased approach to staking, allowing the DAO to sensibly measure impact, and echo Delphi’s recommendation for a “clear-cut economic roadmap.”
  1. Transparency and Standardized Metrics for Orbit Chains
  • Proposal: Link
  • Vote: For
  • Reasoning: We voted FOR Transparency and Standardized Metrics for Orbit Chains. We support data provider diversity and believe Growthepie is a reputable data provider. However, we share concerns regarding product distribution and engagement, low TVL on Orbit Chains, and whether this service should be funded by the DAO or by The Foundation or OCL. We encourage further discussion on these issues before this proposal moves to an on-chain vote.
  1. Gov Analytics Dashboard
  • Proposal: Link
  • Vote: Against
  • Reasoning: We voted AGAINST the Governance Analytics Dashboard proposal. While we support funding more data analysis around key governance metrics, this proposal falls short due to two main issues:
    1. The proposal seeks to recreate a similar dashboard that was done for Optimism, with the budget including funds for design mockups that are nearly identical to those for Optimism.
    2. Much of the data presented either overlaps with Karma’s metrics or lacks actionable insights. We would like to see deeper analytics around the proposed governance metrics.

Tally

  1. ArbOS Bianca
  • Proposal: Link
  • Vote: For
  • Reasoning: We voted FOR ArbOS Bianca and previously supported all three prior temperature checks.
  1. MSS Vote
  • Proposal: Link
  • Vote: Abstain
  • Reasoning: We voted to ABSTAIN in the MSS vote due to serving on the multisig.
  1. Funding Entropy Advisors