404 DAO Delegate Communication Thread

Voting Rationale & Governance Calls Delegate Statements
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Rationale for Votes Occurring in February

Snapshot

  1. Approve Nova Fee Swap

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the Nova Fee Swap Proposal. Given this proposal moves 1,885 ETH to the DAO treasury from the Nova Fee timelock alias, it is a no-brainer to sweep the funds over and allow the DAO to manage and allocate the ETH.

  2. Request to Increase the Stylus Sprint Committee’s Budget

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the request to increase the stylus sprint budget. As mentioned in our comment, Stylus adoption is critical for Arbitrum’s competitive advantage and developer tooling should continue to be a primary focus going forward.

  3. Arbitrum Growth Circles Event

    1. Proposal: Link
    2. Vote: AGAINST
    3. Rationale: We voted AGAINST the Arbitrum Growth Circles event. As expressed by other delegates, we would prefer to use the DAO’s Events budget for larger investments over a longer period of time. Furthermore, this proposal overlaps with the AVI initiative that Farstar is running.

  4. [CONSTITUTIONAL] AIP: ArbOS Version 40 Callisto

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the constitutional AIP: ArbOS Callisto which adds support for relevant Execution Layer changes from Ethereum’s upcoming Pectra upgrade (H1 2025) and a small Arbitrum Stylus related fix. We understand that this is an upgrade that builds upon ArbOS version 32 which was previously adopted by the DAO.

  5. Arbitrum Audit Program

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the Arbitrum Audit Program. Our key considerations included the presence of a whitelist of auditors, a competitive and well-negotiated package to secure optimal rates, and measures to prevent delays. We were glad to see the Foundation address these concerns in their comment. Additionally, we appreciate the Foundation’s plan to request technical resources from OCL, further strengthening the Audit Program.

Tally

  1. Arbitrum DAO Domain Offering Offering Season 3

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the Arbitrum Domain Offering S3 during the snapshot phase and our previously stated rationale has not changed.

  2. Request to Increase Stylus Sprint Committee’s Budget

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the request to increase the Stylus Sprint Committee’s Budget and our rationale is listed in the Snapshot section.

  3. Non-Constitutional: Stable Treasury Endowment Program 2.0

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the Stable Treasury Endowment Program (STEP) 2.0. and our previously stated rationale has not changed.

  4. OpCo: A DAO-adjacent Entity for Strategy Execution

    1. Proposal: Link
    2. Vote: FOR
    3. Rationale: We voted FOR the OpCo: A DAO-adjacent Entity for Strategy Execution and our previously stated rationale has not changed.
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March Voting History:

Snapshot

TMC Recommendation

  • Link
  • Voted #3 Only Deploy Stable Strategy; #1 Deploy Both Strategies; #2 Only Deploy Arb Strategy; #4 Deploy Nothing

GMC’s Preferred Allocations (7,500 ETH)

  • Link
  • Voted FOR, Deploy Capital

[CONSTITUTIONAL] Proposal: For Arbitrum DAO to register the Sky Custom Gateway contracts in the Router

Tally

Request to Increase the Stylus Sprint Committee’s Budget

[CONSTITUTIONAL] - Adopt Timeboost + Nova Fee Sweep

[NON-CONSTITUTIONAL] Arbitrum Onboarding V2: A Governance Bootcamp

  • Link
  • Voted: ABSTAIN
Rewarding Active Delegates (RAD) Program - Application Thread
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Rewarding Active Delegates (RAD) Program

  • Vote: FOR
  • Rationale: Voted FOR the Rewarding Active Delegates (RAD) program. This version meaningfully reduces the complexity and administrative overhead of earlier iterations. As part of the broader DAO Incentive Program (DIP 2.1), it’s important to maintain continuity in incentivizing voting participation, communicating rationale, and overall governance engagement. Strong, diverse delegate activity is essential for a healthy governance system.
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An important update regarding the future of 404 DAO’s governance operations.

Since entering the governance space in 2022, 404 Gov has been an active voice and participant in some of the industry’s largest DAOs. What started as a small team of Georgia Tech students focusing on contributing to the Optimism DAO, quickly grew to becoming a trusted delegate in 10 ecosystems.

As the governance team evolved and members ventured into new opportunities, we began to evaluate what was the best path forward for our governance vertical. We determined that our delegated voting power deserves a dedicated steward who can commit the time and focus it requires.

So while 404 Gov is taking a step back from governance, the mission and work will continue with one of our team members, Rika, under her new entity, Axia Network, which has taken over the voting wallets and governance operations. Going forward, Axia Network is responsible for the voting activity of 0xE93D59CC0bcECFD4ac204827eF67c5266079E2b5. Their work and delegation rationale can be found at the following account: Axia Network

Rika has been a core part of our team’s operations for many years now and deeply understands the responsibility involved with being a delegate. We are confident that the delegations will continue to be handled with professionalism under her stewardship. However, those that wish to remove their delegations may do so on Tally.

This transition applies only to governance-related wallets and profiles. Our partnership with Blockchain at Georgia Tech and educational work in Atlanta remains active.

Thank you to those who entrusted us with their voting power for so many years and thank you to the DAOs and contributors we’ve collaborated with in Arbitrum. It has been a privilege to take part in this ecosystem.

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Formally Announcing Axia Network