Arana Digital Delegate Communication Thread

Arana Digital Delegate Communication Thread

Delegate address: 0x0579A616689f7ed748dC07692A3F150D44b0CA09

Delegate ENS Address: aranadigital.eth

Forum Usernames: @AranaDigital, @Farfel.eth (primary contact)

Voting Activity: Tally & Boardroom

Email: arana.governance@gmail.com

We are a governance group composed of ex-Michigan Blockchain members. Our team is currently made up of five individuals, all of which are deeply steeped in the crypto space and have multiple years of participation in protocol governance. With delegation history for DEXs, money markets, L2s, liquid staking protocols, and stablecoins, we‚Äôre acclimated with a breadth of sectors. We bring a diversity of experience to DAOs‚Äďour members have consulted for companies like Immutable and dYdX, worked at crypto investment and trading firms, set up various validator nodes, and run educational events for university students. Our current team led the Michigan Blockchain ARB delegation from the launch of Arbitrum governance till December 2023 and maintained 100% voting participation. Our goal is to continue contributing to the Arb DAO going forward in a more professional capacity by actively imparting our perspective on proposals, helping formalize governance operations, and facilitating the growth/maturation of the Arbitrum ecosystem.

5 Likes

ARDC Elections

We want to start by thanking all applicants to the ARDC for their efforts and commitment to the Arbitrum DAO. The quality of applicants is a testament to the Arbitrum ecosystem and establishing this collective strongly positions the DAO and the community as a whole to grow and thrive over the coming months and beyond. We would also like to thank @immutablelawyer and the Axis Advisory team for their efforts in establishing this framework for the DAO to foster a more sustainable and effective governance.

ARDC Research Member Election

Vote: Blockworks/Delphi Digital
Type: Snapshot

The combination of these two entities makes for the highest quality candidate to serve on the ARDC. @BlockworksResearch and @Delphi-Digital have been at the forefront of research in the space. They possess expertise in Ethereum scaling solutions and their mechanisms, will create insightful content to advance Arbitrum, and deliver refined research to offer unbiased, data-driven guidance for informed decision-making by the DAO.

Blockworks has been intimately involved with the Arbitrum DAO since its inception and we look forward to continuing to work with them and their partner in Delphi Digital to further strengthen the Arbitrum DAO.

ARDC Advocate Member Election

Vote: L2Beat/Ant Federation
Type: Snapshot

L2Beat has been a steward for the Aritrum DAO thanks for the work of @krst and @Sinkas. They have been proactive in engaging the community through their governance calls and office hours. @dk3 and the L2Beat Governance team have continued to provide insights and serve as a proponent for what is best for the Arbitrum DAO. We believe the L2Beat/Ant Federation team will serve as a valuable member of the ARDC serving as the bridge and patron for the ArbitrumDAO.

ARDC Security Member Election

Vote: 50% OpenZeppelin / 50% Trail of Bits
Type: Snapshot

The Arana Digital team has collaborated closely with Jun within the Compound DAO for several years, entrusting OpenZeppelin as our reliable security provider. With our deep understanding of their offerings and direct involvement with their projects, we allocate 50% of our votes to them. The remaining 50% is directed towards Trail of Bits, a group that has demonstrated its dedication to the Arbitrum Ecosystem through their extensive collaboration with Offchain Labs and ecosystem protocols. Trail of Bits has been actively engaged with various leading protocols in the industry since its establishment in 2012, and their development of tools like Echidna and Slither for identifying contract vulnerabilities underscores their expertise and commitment.

ARDC Risk Member Election

Vote: Chaos Labs
Type: Snapshot

Drawing on their extensive experience providing risk assessment services to the top DAOs in the Arbitrum Ecosystem and across Ethereum such as Aave and GMX, Chaos Labs is poised to bring valuable insights to the ARDC. Chaos Labs’ track record of publishing valuable data-driven analyses and modeling further displays their suitability for this role, and, the presence of their CEO within the Security Council reinforces their organization’s qualifications and fit for this role.

3 Likes

Week of March 16-23, 2024

Continuation of Abitrum DDA Program Request

Vote: For
Type: Snapshot

We are voting for this proposal due to the sustainable benefit this program has on the Arbitrum Ecosystem. Questbook and the Domain Allocators have done a great job ensuring the program remains transparent and the continuous reporting has enabled the DAO to ensure the funds are being put to good use. We look forward to continuing to work with Questbook, the Domain Allocators, and the protocols to support this program and the Abritrum ecosystem.

[Non-Constitutional AIP] Front-end interface to force transaction inclusion during sequencer downtime

Vote: For
Type: Snapshot

We are in favor of this proposal and want to thank WakeUp Labs for their efforts in pushing this concept to the DAO. Having a clear interface for forcing transactions and assets out to the L1 is a crucial step for ensuring network resilience and hope the community finds comfort in this resource to help all users should the system go down at some time.

Fix Fee Oversight for ArbOS v20 ‚ÄėAtlas‚Äô

Vote: Set L1 Surplus Fee and L2 Min.

Type: Snapshot and Onchain

We supported the aforementioned decision because aligning Arbitrum‚Äôs fee structure with these improvements enables the network to accommodate higher transaction throughput while decreasing costs for users. This is crucial for sustaining Arbitrum‚Äôs attractiveness in a competitive Layer 2 environment. Although we anticipate a decrease in revenue, it‚Äôs a necessary step to ensure Arbitrum remains competitive in pricing. The expectation is that increased transaction volume will offset the reduction in marginal revenues, ultimately restoring total revenue to its previous level‚ÄĒand hopefully surpassing it.

1 Like

Catalyze Arbitrum Gaming: HADOUKEN!

Vote: For
Type: Snapshot

We have decided to support this proposal. We want to thank @thedereksmart and @Djinn for their continuous communication and addressing of concerns from the community. We agree that the requested amount is aggressive, but the Arbitrum protocol is at a stage where large investments in the near term will be largely rewarded in the future. Arbitrum has established itself as a leading scaling solution for DeFi applications, and the growth of TreasureDAO, its upcoming Treasure Chain, and the expanding ecosystem along with the selection of the Arbitrum tech stack for Apechain has propelled Arbitrum to the forefront of gaming development. The Gaming Catalyst Program will further support Arbitrum as a leader in this growing vertical. The competition between scaling solutions is only increasing. Arbitrum has cemented its place as a part of the future of scaling Ethereum, but this proposal ensures its pace of growth remains competitive with the burgeoning list of prominent rollups and scaling solutions going forward.

2 Likes

Arbitrum Stable Treasury Endowment Program

Vote: For
Type: On Chain

We are in support of this program and are looking forward to setting the framework for better utilization of treasury funds going forward. Arbitrum DAO setting an example for the space for sustainable treasury management.

Expand Tally Support for the Arbitrum DAO

Vote: For
Type: Snapshot
Tally has been a valuable partner to the Arbitrum DAO and we look forward to expanding this beneficial partnership and working with @Frisson, @cbxm, and the rest of the Tally team.

1 Like

Double-Down on STIP Successes (STIP-Bridge)

Vote: For
Type: Snapshot

Supporting the STIP Bridge proposal recognizes its strategic value in bolstering Arbitrum’s competitiveness and retaining key protocols through targeted incentives. It’s a proactive measure to sustain the ecosystem’s growth and user engagement amid intense competition from other Layer 2 solutions. However, as we voted in favor, we also recommend critical enhancements for the proposal’s refinement:

  1. Enhanced Eligibility Criteria and Evaluation Metrics: Clearer guidelines and measurable performance benchmarks will ensure transparency and fairness in selecting projects for bridge grants.
  2. Comprehensive Risk Assessment: Identifying and mitigating potential long-term risks will safeguard the ecosystem’s health and sustainability beyond this current Arbitrum DAO solution.
  3. Analysis of Past Incentives: A thorough review of the successes and failures of previous incentives will guide effective resource allocation, enhancing the future programs’ impact.
  4. Innovation and Ecosystem Diversity: Encouraging a broader spectrum of innovative and diverse projects can further enrich Arbitrum’s ecosystem, cementing its long-term leadership in the space and resilience.
  5. Transparency and Community Engagement: Revising and improving frameworks for regular updates and open communication about the proposal’s implementation and outcomes will build trust and foster a collaborative community. Clear and concisely articulated updates will enable the best community involvement and participation.

Working with the ARDC as well as @SavvyDAO, @coinflip, @Djinn, and the rest of the Arbitrum community, we aim to see a final implementation that not only strengthens Arbitrum’s position in the competitive landscape but also ensures its growth is sustainable, inclusive, and aligned with the community’s long-term vision.

1 Like

Expand Tally Support for the Arbitrum DAO

Vote: For
Type: On Chain

We continue to support this proposal under the ideas mentioned here. Tally’s increased support and updates will ensure the Arbitrum DAO continues to innovate and operate effectively.

Empowering Early Contributors: The community Arbiter Proposal 2.0

Vote: For
Type: On Chain

We support compensating these early supporters of the Arbitrum Ecosystem. We appreciate the work of @Mysterymen and others in their communication with the community and the transparency they brought to the distribution process and contributors being rewarded.

LTIPP Proposals

Please see below for our LTIPP voting decisions.