Blockworks Research will be voting FOR implementing the BoLD upgrade, as well as bootstrapping the first BoLD validator to be operated by the Foundation and covering BoLD-associated OpEx, on Snapshot.
We naturally support the upgrade to increase Arbitrum’s security and decentralization, while taking off any remaining “training wheels,” as Vitalik calls them. We’re also supportive of allocating capital to the Foundation to become the first proposer for Arbitrum One, as this is clearly required for the system to function from the start and the Foundation’s incentives are to act honestly in its role as a BoLD validator. Apologies if this has already been discussed, but could a situation arise, especially when BoLD is in its infancy, where the Foundation needs more than one challenge’s worth of capital to ensure the system functions properly? If so, it might be sensible to extend a larger amount of capital to bootstrap the validator. Finally, we agree that BoLD validators should be paid service fees and L1 gas costs should be refunded, especially in the beginning to attract a wider set of participants.