Arana Digital Update: New Delegation & Account Changes
TL;DR: We’re transitioning from a hardware voting wallet to a multisig wallet to secure a significant ARB delegation—that delegation to our multisig has now been completed. This change will unlink our historical voting participation (via Karma) from the new wallet, which impacts our eligibility for the delegate incentive program that requires ≥75% participation in on-chain votes over the last 90 days. We are posting to engage the community and recognize our continued participation to enable our eligibility in the program. We are committed to maintaining transparency and continuity in our voting participation as we make this shift.
Arana’s New Wallet Tally Page for Arbitrum: Delegate Profile
Further Details:
The Arana Digital team would like to inform the ArbitrumDAO community about an important transition within our delegation operations at Arana. Recently, we received confirmation from a delegator interested in a 5M ARB delegation to our team. However, a key condition for this delegation is that we switch from our current hardware voting wallet to a multisig wallet.
Our voting history, along with the associated participation rate (via Karma), is tied to our current hardware wallet. Transitioning to a new multisig wallet means that our participation metrics would not automatically carry over. This is crucial as, under the new requirements for the delegate incentive program (v1.5), delegates must maintain a participation rate of ≥75% over the past 90 days to qualify. Previously, the threshold was 25% of total historical votes, but this change reflects the growing number of proposals and the need for consistent, recent participation.
Given our consistent voting history over the past year, we want to ensure that our participation rate from the previous 90 days reflects our established record once we switch to the multisig wallet. This update has been confirmed with the Seed team.
We remain dedicated to maintaining transparency and active participation in the DAO. This transition is part of our effort to enhance security and reliability as we scale up operations. We’re working to ensure that this shift is as seamless as possible while preserving our track record.
We appreciate the community’s understanding and support as we navigate this change and reiterate our commitment to contributing actively to the DAO’s growth and governance.
Best regards,
The Arana Team