September Voting and Rationale
Snapshot
- Extend Delay on L2Time Lock
- Proposal: Link
- Vote: For
- Reasoning: We voted FOR extending the L2 TimeLock Delay as we support technical changes that enhance protocol security. Although this change adds 5 days to the governance process, it only affects Constitutional Proposals—not proposals spending ARB from the DAO Treasury, which comprise most of the DAO’s proposals.
- STIP-Bridge Operational Budget
- Proposal: Link
- Vote: For
- Reasoning: We voted FOR ratifying the STIP.B Operational Budget. This group’s work proved both effective and beneficial to the program. We commend their efforts in ensuring the program’s successful execution.
- Replace Oversight Committee with MSS - Delegate to Voter Enfranchisement Pool - Event Horizon
- Proposal: Link
- Vote: For
- Reasoning: We voted FOR this proposal as we support DAO-funded programs using the MSS to reduce operational costs and increase proposal efficiency. Since the Event Horizon Proposal is experimental, using the MSS to custody the $7M ARB funds—rather than an oversight committee—gives the DAO more control. This includes the ability to clawback funds, returning them to the DAO treasury, and to push the community pool into an ‘abstain’ position.
- ArbitrumDAO Procurement Committee Phase II
- Proposal: Link
- Vote: Yes - Extend
- Reasoning: We voted FOR to extend the ADPC for another 6 month term. We would like to first acknowledge this group’s pioneering efforts — as a DAO Procurement Committee is the first of its kind. We would like to also thank the committee for its laborious work. After reviewing the Outcome Report and attending the most recent ADPC call, it has become more apparent how time and energy intensive it was for the committee to navigate and set-up the required legal infrastructure backbone.
With that said, we would like to echo others concerns about the election procedure. Although we agree that it makes sense for continuity for the committee members to be automatically re-elected, the Tally vote that set up the ADPC does say that members are elected for a term of 6 months. Therefore, at the end of Phase II, we would like to see an election take place.
We look forward to the Phase II deliverables to procure Events Providers and RPC Providers, and would like to see updates made to the DAO throughout the process.
- Pyth Arbitrum LTIPP Extension Request
- Proposal: Link
- Vote: Abstain
- Reasoning: We voted ABSTAIN as a LTIPP Council Member.
- Enhancing Multichain Governance: Upgrading RARI Governance Token on Arbitrum
- Proposal: Link
- Vote: For
- Reasoning: Reasoning: We voted FOR this proposal. We’re pleased to see RARI demonstrating its commitment to Arbitrum by migrating to Arbitrum One. As there’s no cost to the DAO, we’re happy to support their governance token upgrade.
- Synthetix LTIPP Grant Extension Request
- Proposal: Link
- Vote: Abstain
- Reasoning: We voted ABSTAIN as a LTIPP Council Member.
- Fund the Stylus Sprint
- Proposal: Link
- Vote: For
- Reasoning: We voted FOR funding the Stylus Sprint. We have supported Stylus since its inception because it’s an exciting technical improvement that aims to increase accessibility and reduce costs for developers building on Arbitrum. This proposed Sprint program to incentivize developers to build on Stylus is pragmatic and sensible. We like the thoughtfulness of the program’s design, including an application process and a committee of Stylus experts to evaluate projects. The cost of 5.18M ARB, broken down by up to 5M ARB to projects building on Stylus and 75k ARB for committee compensation, is also reasonable.
- Aave LTIPP Grant Extension Request
- Proposal: Link
- Vote: Abstain
- Reasoning: We voted ABSTAIN as a LTIPP Council Member.
- Constitutional AIP: Proposal to adopt Timeboost, a new transaction ordering policy
- Proposal: Link
- Vote: For, Collect bids in ETH to the Treasury
- Reasoning: We voted FOR adopting Timeboost as a new transaction ordering policy specifically with bids collected in ETH and sending them to the DAO treasury. After reviewing a variety of discussions on Timeboost and specifically digging into backtested revenue projections by Blockworks Research, we believe it is prudent to move forward with Timeboost as we believe it could be the catalyst for ArbitrumDAO to drive more sustainable revenue.
- Terms of Tenure for STEP program manager
- Proposal: Link
- Vote: Additional Funds for 1 Year
- Reasoning: We voted to fund the STEP Program Manager with funds to cover 1 year of service costs. Ensuring service providers are confident in compensation structure when working with the DAO should be a top priority for the DAO and will drive long-term value.
- ArbitrumDAO Off-Site
- Proposal: Link
- Vote: (1) Online event
- Reasoning: We voted for Online Event first in the ranked choice. Since there are several concurrent event initiatives: GovHack and an Events RFP — we support an online off-site. Especially since the agenda and priorities of the offsite are not yet defined.
- GovHack Devcon in Bangkok
- Proposal: Link
- Vote: Abstain
- Reasoning: We decided to vote ABSTAIN because our team will not be attending DevCon.
- Funds to Bolster Foundation’s Strategic Partnerships Budget
- Proposal: Link
- Vote: For
- Reasoning: We strongly support funding the Foundation with a revamped budget for Strategic Partnerships. The Foundation has done excellent work driving key partnerships across multiple sectors, particularly in traditional finance, positioning Arbitrum as a gateway for TradFi to enter crypto. We look forward to the continued development of these partnerships and the expansion of Orbit chains.
- Arbitrum DAO Delegate Incentive Program
- Proposal: Link
- Vote: For
- Reasoning: We voted FOR DIP V1.5. We have confidence in SeedGov and are happy with how they managed DIP. We believe that their past experience makes them uniquely equipped to manage DIP v1.5. After extensive conversations with the SeedGov team and careful consideration, we believe that v1.5 will drive higher quality contributions than the proposed alternative v1.1. We proposed changes to the rubric to minimize subjectivity in scoring, and were pleased that the SeedGov team embraced our changes. You can find those changes in our forum comment here. We look forward to participating in the program and driving meaningful contributions in the DAO.
Tally
- Delegate to Voter Enfranchisement Pool — Event Horizon
- Proposal: Link
- Vote: For
- Reasoning: We voted For this proposal during Snapshot and are pleased to see this proposal work through the necessary technical checkpoints in order to reach implementation.
- Ethereum Protocol Attackathon
- Proposal: Link
- Vote: For
- Reasoning: We supported this vote during the temperature check for the Panda Partners and our previously stated reasoning has not changed.
- ArbitrumDAO Procurement Committee: Phase II Proposal
- Proposal: Link
- Vote: For
- Reasoning: We supported this vote during the temperature check and our previously stated rationale has not changed and is stated above.
- Extend Delay on L2TimeLock
- Proposal: Link
- Vote: For
- Reasoning: We supported this vote during the temperature check and our previously stated rationale has not changed and is stated above.