#6 Arbitrum Open Governance Call (20.09.2023)

Open Community Call #6 Minuta

Attendance: aprox. 52 users

1. Discussion about Security Council elections

  • Elections are open for applications until Sep 22th. The official elections will begin on Oct 6th and last for 21 days.
  • A second call is proposed to meet the nominees.
  • In the future, there will be a call with more time before the application deadline, as it is considered too short to have only 24 hours left.

2. Updates from @gauntlet on Migration report & Recommendations for the USDC.e to USDC migration

  • Gauntlet is monitoring the situation to provide recommendations, mitigate, and eliminate risks when transitioning from USDC to native USCD.

3. Domain Allocators and Program Manager Updates

  • The process is already completed.
  • The RFPs program will be created and launched in the coming weeks.
  • The first steps will involve effective communication.
  • They are working on a template that will serve as a request form.
  • They are in contact with many protocols. They are waiting for the bootstrap, and
  • The program is expected to be ready for the next calls.

4. Short Term Incentives Program Updates

  • The snapshot for this program has already been taken.
  • A budget of a maximum of $50 million will be allocated.
  • It will start by tracking governance.
  • It was asked about one of the program requirements, such as KYC and processes

5. GovMonth Update from PluralityLabs

  • Arbitrum is growing much faster than they anticipated.
  • They discuss how easy it is to participate in the Gitcoin grant and it was provided an example of how to participate.

6. Updates from the Arbitrum Foundation

  • KYC process: They have conducted KYC for a couple of events, treasury, and security council elections.
  • They will also do it for grant processes and incentive programs.
  • They work with a service called Providence to ensure the process and safe storage of information.
  • They emphasize that sensitive information will not be put at risk during this process.
  • The KYC process typically takes 10 days.
  • They understand the concerns but emphasize the importance of ensuring the process and avoiding any red flags that may arise, especially concerning treasury and security council.
  • They revisit the Arbitrum Odyssey, which is a continuation of a proposal they made some time ago.

7. Upcoming proposals

The proposers of the following proposals had the opportunity to share their contributions in the call:

  1. Fund Atoma’s project, a Growth & Communications proposal for Arbitrum by @Sebix
  2. Bond Program by @Sushi
  3. Bond Program by ApeSwap
  4. Delegate Incentives by @Cattin
  5. Ethereum Mexico Sponsorship by @Brichis
  6. Proposal by Pattrick Collins

The next call will take place in 4 weeks: Oct 18

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