{"post_stream":{"posts":[{"id":52947,"name":"Frisson","username":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","created_at":"2024-06-21T07:29:08.052Z","cooked":"\u003ch2\u003e\u003ca name=\"p-52947-constitutional-non-constitutional-1\" class=\"anchor\" href=\"#p-52947-constitutional-non-constitutional-1\" aria-label=\"Heading link\"\u003e\u003c/a\u003eConstitutional / Non-Constitutional\u003c/h2\u003e\n\u003cp\u003eConstitutional\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-52947-abstract-2\" class=\"anchor\" href=\"#p-52947-abstract-2\" aria-label=\"Heading link\"\u003e\u003c/a\u003eAbstract\u003c/h2\u003e\n\u003cp\u003eWe propose to unlock ARB utility and improve the governance and security of the Arbitrum protocol by implementing ARB staking, without yet turning on fee distribution to token holders. Through ARB staking, token holders who delegate to active governance participants will be able to capture value. The proposal will also implement a liquid staked ARB token (stARB) via the Tally Protocol that enables any future rewards to auto-compound, is (re)stakeable, and is compatible with DeFi. Separately, we will work with the Arbitrum DAO to decide whether and how to fund rewards and split rewards between token holders and delegates.\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-52947-motivation-3\" class=\"anchor\" href=\"#p-52947-motivation-3\" aria-label=\"Heading link\"\u003e\u003c/a\u003eMotivation\u003c/h2\u003e\n\u003cp\u003eThe ARB token is struggling to accrue value.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eGovernance power is the only source of fundamental demand for ARB, while there are multiple sources of new supply (unlocks, treasury spending).\u003c/li\u003e\n\u003cli\u003eThe ability to restake ARB or use it on DeFi is not compatible with governance. Voting power breaks when ARB is deposited into smart contracts. \u003ca href=\"https://dune.com/queries/3732998/6278607\" rel=\"noopener nofollow ugc\"\u003eLess than 1%\u003c/a\u003e of ARB tokens are used actively in the onchain ecosystem.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718.png\" data-download-href=\"/uploads/short-url/tamq2f2DwVq4Vns9mZ2HPtEvQO4.png?dl=1\" title=\"\" rel=\"noopener nofollow ugc\"\u003e\u003cimg src=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718_2_446x317.png\" alt=\"\" data-base62-sha1=\"tamq2f2DwVq4Vns9mZ2HPtEvQO4\" width=\"446\" height=\"317\" role=\"presentation\" srcset=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718_2_446x317.png, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718_2_669x475.png 1.5x, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718_2_892x634.png 2x\" data-dominant-color=\"FCFAFA\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003e\u003c/span\u003e\u003cspan class=\"informations\"\u003e1210×860 62.4 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003cp\u003eThe ARB token is struggling as a governance mechanism\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eOnly about 10% of the circulating supply of ARB is \u003ca href=\"https://www.tally.xyz/gov/arbitrum/delegates\" rel=\"noopener nofollow ugc\"\u003eactively used\u003c/a\u003e in governance\u003c/li\u003e\n\u003cli\u003eVoter participation in the DAO has been \u003ca href=\"https://dune.com/queries/3829223/6440489\" rel=\"noopener nofollow ugc\"\u003esteadily declining\u003c/a\u003e since DAO launch\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/0/0cdd419cb7f624369f035535962055a05976df96.png\" data-download-href=\"/uploads/short-url/1PNLGkw1QuYw4Qh3IZwZ8mjyGgK.png?dl=1\" title=\"\" rel=\"noopener nofollow ugc\"\u003e\u003cimg src=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/0/0cdd419cb7f624369f035535962055a05976df96_2_441x350.png\" alt=\"\" data-base62-sha1=\"1PNLGkw1QuYw4Qh3IZwZ8mjyGgK\" width=\"441\" height=\"350\" role=\"presentation\" srcset=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/0/0cdd419cb7f624369f035535962055a05976df96_2_441x350.png, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/0/0cdd419cb7f624369f035535962055a05976df96_2_661x525.png 1.5x, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/0/0cdd419cb7f624369f035535962055a05976df96_2_882x700.png 2x\" data-dominant-color=\"E2E1EB\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003e\u003c/span\u003e\u003cspan class=\"informations\"\u003e1080×858 30.3 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003cp\u003eMeanwhile, the Arbitrum DAO treasury has accumulated over \u003ca href=\"https://www.tally.xyz/gov/arbitrum/treasury\" rel=\"noopener nofollow ugc\"\u003e16 Million $ETH\u003c/a\u003e in surplus fees from Arbitrum One and Nova. As a result, it is becoming economically attractive for a malicious actor to launch a governance attack on the DAO treasury. The potential profit of attacking the DAO treasury is increasing as more ETH accumulates in the treasury, while the cost of attacking the DAO through purchasing ARB for its voting power is not increasing proportionally to defend against attacks. A more developed version of this dynamic exists in the ENS and Compound DAOs, both of which are actively fighting off governance attacks (ENS documented \u003ca href=\"https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090/10\" rel=\"noopener nofollow ugc\"\u003ehere\u003c/a\u003e).\u003c/p\u003e\n\u003cp\u003eARB Staking unlocks utility and aligns governance by creating a mechanism to stream future rewards from DAO-generated sources like sequencer fees, MEV fees, validator fees, token inflation, and treasury diversification to token holders who are delegated to an active governance participant. ARB Staking makes ARB usable in restaking and DeFi by returning voting power locked in contracts to the DAO.\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-52947-rationale-4\" class=\"anchor\" href=\"#p-52947-rationale-4\" aria-label=\"Heading link\"\u003e\u003c/a\u003eRationale\u003c/h2\u003e\n\u003cp\u003eThis proposal contributes to Arbitrum \u003ca href=\"https://docs.arbitrum.foundation/dao-constitution#section-6-community-values\" rel=\"noopener nofollow ugc\"\u003eCommunity Values\u003c/a\u003e by making the Arbitrum DAO more sustainable and secure.\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-52947-specifications-and-steps-to-implement-5\" class=\"anchor\" href=\"#p-52947-specifications-and-steps-to-implement-5\" aria-label=\"Heading link\"\u003e\u003c/a\u003eSpecifications and Steps to Implement\u003c/h2\u003e\n\u003ch3\u003e\u003ca name=\"p-52947-system-architecture-6\" class=\"anchor\" href=\"#p-52947-system-architecture-6\" aria-label=\"Heading link\"\u003e\u003c/a\u003eSystem architecture\u003c/h3\u003e\n\u003cp\u003eARB Staking enables ARB utility while allowing the DAO to retain governance power. It includes a few modular components that come together to power the system.\u003c/p\u003e\n\u003cp\u003eGovernance Staking\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eRequires that tokens are delegated to an active delegate in order to be eligible to receive rewards (see Karma Integration)\u003c/li\u003e\n\u003cli\u003eAccepts arbitrary fee sources as rewards\u003c/li\u003e\n\u003cli\u003eIs based on Uniswaps audited \u003ca href=\"https://github.com/uniswapfoundation/UniStaker\" rel=\"noopener nofollow ugc\"\u003eUniStaker\u003c/a\u003e. Each pool of staked tokens are held in their own special purpose smart contract which can only delegate its own voting power. The governance contract is simple, permissionless, audited and has no special authorities. The contract is upgradable only via Constitutional Proposal by the Arbitrum DAO.\u003c/li\u003e\n\u003cli\u003eEach user owns their own staking vault, and is free to use Governance Staking regardless of whether or not they use stARB (see Tally Protocol LST section below). This allows for maximum flexibility for the DAO and lets others also build yield generating infrastructure for the ARB token.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/3/36c590d7841230753a65d2d81d6cf2626b633651.jpeg\" data-download-href=\"/uploads/short-url/7Ox46ilnrKuon6vDgrgen3lg9Ff.jpeg?dl=1\" title=\"Tally Protocol - Frame 2 (2)\" rel=\"noopener nofollow ugc\"\u003e\u003cimg src=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/3/36c590d7841230753a65d2d81d6cf2626b633651_2_404x500.jpeg\" alt=\"Tally Protocol - Frame 2 (2)\" data-base62-sha1=\"7Ox46ilnrKuon6vDgrgen3lg9Ff\" width=\"404\" height=\"500\" srcset=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/3/36c590d7841230753a65d2d81d6cf2626b633651_2_404x500.jpeg, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/3/36c590d7841230753a65d2d81d6cf2626b633651_2_606x750.jpeg 1.5x, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/3/36c590d7841230753a65d2d81d6cf2626b633651_2_808x1000.jpeg 2x\" data-dominant-color=\"FAFAFA\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eTally Protocol - Frame 2 (2)\u003c/span\u003e\u003cspan class=\"informations\"\u003e1920×2371 107 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003cp\u003eThe DAO\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eHas the power to turn on fee distribution and send fees to ARB Staking\u003c/li\u003e\n\u003cli\u003eControls how voting power is distributed to delegates, including delegation strategies for unused voting power\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003estARB (Tally Protocol LST)\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eCreates a \u003cem\u003ereceipt token\u003c/em\u003e for the ARB which is staked through it, called stARB, and it returns it to the user. The underlying tokens that are staked on the users behalf are always available to redeem, 1:1 plus rewards if applicable, at any time.\u003c/li\u003e\n\u003cli\u003eAuto-compounds potential rewards if they are turned on in the future\u003c/li\u003e\n\u003cli\u003eProvides token holders a liquid position\u003c/li\u003e\n\u003cli\u003eAdministers its own Governance Staking vault, not any other vault. stARB has no special powers over the staking contract, and has no access to user’s tokens other than the tokens it manages itself.\u003c/li\u003e\n\u003cli\u003eWill be deployed as an immutable, non-upgradeable contract. The delegation strategies part of the system will upgradeable via Arbitrum DAO Constitutional Proposal. The only part of the system Tally manages is the rebalancing of underlying assets.\u003c/li\u003e\n\u003cli\u003eCan have a withdrawal period, which is configurable by the DAO. The expectation is that any withdrawal period will be very short and is there only to prevent people from abusing the reward mechanism (i.e. staking right before a reward, claiming a chunk of it, and immediately unstaking). If there is a price difference, arbitrageurs can instantly unstake stARB and sell it as ARB to close the price difference. This easy arbitrage opportunity minimizes price discrepancies and makes it difficult for any potential governance attacker to acquire ARB at a discount.\u003c/li\u003e\n\u003cli\u003eAllows stARB holders to continue delegating directly to their preferred delegate.\u003c/li\u003e\n\u003cli\u003eHas the ability to return voting power to the DAO if stARB is deposited into restaking, DeFi, or centralized exchange smart contracts that do not maintain a 1:1 delegation relationship by implementing a \u003ca href=\"https://github.com/ScopeLift/flexible-voting\" rel=\"noopener nofollow ugc\"\u003eFlexible Voting\u003c/a\u003e client. The Arbitrum DAO exclusively has the ability to determine how this voting power is distributed/redelegated via a governance proposal. The DAO will decide how to set up the initial redelegation logic for stARB.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/d/d42250dcf7f4fc7af4eb4703fb2b63fe20f10e04.jpeg\" data-download-href=\"/uploads/short-url/ugCKcmpuD5lI8Djy0v92GRO7SCM.jpeg?dl=1\" title=\"Tally Protocol - Frame 3\" rel=\"noopener nofollow ugc\"\u003e\u003cimg src=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/d/d42250dcf7f4fc7af4eb4703fb2b63fe20f10e04_2_525x499.jpeg\" alt=\"Tally Protocol - Frame 3\" data-base62-sha1=\"ugCKcmpuD5lI8Djy0v92GRO7SCM\" width=\"525\" height=\"499\" srcset=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/d/d42250dcf7f4fc7af4eb4703fb2b63fe20f10e04_2_525x499.jpeg, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/d/d42250dcf7f4fc7af4eb4703fb2b63fe20f10e04_2_787x748.jpeg 1.5x, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/d/d42250dcf7f4fc7af4eb4703fb2b63fe20f10e04_2_1050x998.jpeg 2x\" data-dominant-color=\"F9F9F9\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003eTally Protocol - Frame 3\u003c/span\u003e\u003cspan class=\"informations\"\u003e4101×3900 400 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-52947-karma-integration-7\" class=\"anchor\" href=\"#p-52947-karma-integration-7\" aria-label=\"Heading link\"\u003e\u003c/a\u003eKarma integration\u003c/h3\u003e\n\u003cp\u003eGovernance Staking requires that tokens are delegated to an active delegate in order to be eligible to receive rewards. We will define an “active delegate” using Karma Score. The implementation of Karma for ARB Staking is designed to be modular. If, in the future, the DAO wishes to add additional or alternative providers to define “active delegate”, it can do so. The DAO will define the Karma Score requirement for being considered an active delegate. Karma Score is a combination of delegate’s Snapshot voting stats, onchain voting stats and their forum activity. To accurately calculate forum activity score, delegates are required to prove ownership of their forum handle by \u003ca href=\"https://www.karmahq.xyz/dao/link/forum?dao=arbitrum\" rel=\"noopener nofollow ugc\"\u003esigning a message\u003c/a\u003e with their delegate address and posting on the forum. The current Karma score formula is below, which can be adjusted by the DAO going forward:\u003c/p\u003e\n\u003cp\u003e((100) * ((Forum Activity Score * 1) + (Off-chain Votes % * 3) + (On-chain Votes % * 5))) / (Sum of Weights times Max Score Setting * 1)\u003c/p\u003e\n\u003cp\u003eKarma Score will be included in ARB staking via a smart contract that writes data onchain from the Karma API. We will include several guardrails to ensure that this aspect of the implementation is robust and decentralized:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eUsers can verify Karma score calculations independently.\u003c/li\u003e\n\u003cli\u003eThe DAO will have the ability to block Karma Scores if it believes they are being calculated incorrectly.\u003c/li\u003e\n\u003cli\u003eIf Karma scores fail to arrive or the scores are blocked by the DAO, ARB Staking will distribute rewards to all stakers regardless of whether they are delegated to an active governance participant until the situation is resolved.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eIn the future, we believe it would make sense to integrate delegate incentives with ARB staking so that, instead of getting delegate incentive funds from the ARB treasury, they come directly from onchain revenue. We will lead a working group to develop a recommendation on this topic.\u003c/p\u003e\n\u003cp\u003eTally will build ARB staking into our existing \u003ca href=\"https://www.tally.xyz/gov/arbitrum\" rel=\"noopener nofollow ugc\"\u003eArbitrum DAO platform\u003c/a\u003e, so that users can easily stake and delegate in one place.\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-52947-parallel-workstreams-staking-rewards-and-delegation-working-groups-8\" class=\"anchor\" href=\"#p-52947-parallel-workstreams-staking-rewards-and-delegation-working-groups-8\" aria-label=\"Heading link\"\u003e\u003c/a\u003eParallel workstreams: Staking Rewards and Delegation working groups\u003c/h3\u003e\n\u003cp\u003eIn parallel with the development of ARB Staking, we will lead two separate DAO working groups that are focused on aspects of the system that will be implemented after development is complete.\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe Staking Rewards working group will focus on how to fund staking rewards. It will develop a recommendation about whether staking rewards should be funded by sequencer fees, MEV fees, validator fees, token inflation, treasury diversification, and/or DAO venture investments and how to implement such rewards.\u003c/li\u003e\n\u003cli\u003eThe ARB Staking \u0026amp; Delegation working group will focus on how to define an active contributor to the Arbitrum DAO, delegate incentives, and voting power distribution. It will collaborate with Tally and Karma to develop recommendations on Karma Score formula, the minimum Karma Score required to be eligible for staking.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThe working groups will be formed via an open call for contributors that will be posted after this proposal passes the temp check stage. Each working group will deliver their recommendations in October, so that the recommendations can be turned into DAO proposals and created following the implementation of ARB Staking.\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-52947-integration-with-future-arbitrum-staking-systems-9\" class=\"anchor\" href=\"#p-52947-integration-with-future-arbitrum-staking-systems-9\" aria-label=\"Heading link\"\u003e\u003c/a\u003eIntegration with future Arbitrum staking systems\u003c/h3\u003e\n\u003cp\u003eWe anticipate that multiple Arbitrum staking systems will be developed over time, perhaps to incentivize decentralized block production in BoLD or to create an efficient MEV market in Time Boost. We view multiple staking systems as complementary. Each system would ask the staker to do different work for Arbitrum, take different risks, and pay out different rewards. Having multiple systems lets ARB holders pick between different risk/reward payoffs and specialize in different types of work to secure the system.\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-52947-estimated-timeline-10\" class=\"anchor\" href=\"#p-52947-estimated-timeline-10\" aria-label=\"Heading link\"\u003e\u003c/a\u003eEstimated Timeline\u003c/h2\u003e\n\u003cp\u003ePost proposal on forum for feedback: June\u003c/p\u003e\n\u003cp\u003ePost temp check proposal on Snapshot: August\u003c/p\u003e\n\u003cp\u003ePost onchain proposal on Tally for funding: August\u003c/p\u003e\n\u003cp\u003eBegin development: August\u003c/p\u003e\n\u003cp\u003eSubmit smart contracts for audit: September\u003c/p\u003e\n\u003cp\u003eSubmit onchain proposal on Tally including full ARB Staking implementation: October\u003c/p\u003e\n\u003cp\u003ePublish working group recommendations and turn them into DAO proposals: November\u003c/p\u003e\n\u003ch2\u003e\u003ca name=\"p-52947-overall-cost-11\" class=\"anchor\" href=\"#p-52947-overall-cost-11\" aria-label=\"Heading link\"\u003e\u003c/a\u003eOverall Cost\u003c/h2\u003e\n\u003cp\u003eIf this proposal passes temperature check, we will submit an onchain proposal that includes $200,000 USD in ARB of funding to cover the costs of development, including the following funding categories:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e$50,000 USD in ARB: Develop ARB Staking smart contracts\n\u003cul\u003e\n\u003cli\u003eImplement staking contracts\u003c/li\u003e\n\u003cli\u003eIntegrate Arbitrum’s current and potential fee mechanisms\u003c/li\u003e\n\u003cli\u003eIntegrate Karma Score requirement\u003c/li\u003e\n\u003cli\u003eEnable the DAO to block Karma Scores if it believes they are being calculated incorrectly\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/li\u003e\n\u003cli\u003e$20,000 USD in ARB: Integrate ARB Staking into Tally.xyz\u003c/li\u003e\n\u003cli\u003e$50,000 USD in ARB: Integrate Karma into ARB Staking\n\u003cul\u003e\n\u003cli\u003eDevelop and deploy a smart contract to store key stats and Karma scores onchain\u003c/li\u003e\n\u003cli\u003eCreate a system to record stats onchain and store detailed delegate data off-chain (using Arweave or IPFS) for easy verification\u003c/li\u003e\n\u003cli\u003eContinuously improve scoring algorithms to adapt to evolving Arbitrum community needs\u003c/li\u003e\n\u003cli\u003eProvide technical support to delegates experiencing issues with their statistics\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/li\u003e\n\u003cli\u003e$60,000 USD in ARB: Audit ARB Staking smart contracts\n\u003cul\u003e\n\u003cli\u003eThe final cost of the audit including documentation will be published on this thread. Any leftover funds from the $100,000 budget will be returned to the DAO.\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/li\u003e\n\u003cli\u003e$20,000 USD in ARB: Fund Staking Rewards and ARB Staking \u0026amp; Delegation working groups\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eSeparately, we will submit an onchain proposal with the full ARB Staking implementation at the conclusion of the development process.\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-52947-disclaimer-12\" class=\"anchor\" href=\"#p-52947-disclaimer-12\" aria-label=\"Heading link\"\u003e\u003c/a\u003eDisclaimer\u003c/h3\u003e\n\u003cp\u003eThis proposal should not be relied on as legal, tax, or investment advice. Any projections included here are based on our best estimates and presented for informational purposes only.\u003c/p\u003e","post_number":1,"post_type":1,"posts_count":196,"updated_at":"2024-12-20T06:08:25.023Z","reply_count":11,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":3964,"reads":417,"readers_count":416,"score":20708.4,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Frisson","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":13,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://www.tally.xyz/gov/arbitrum/treasury","internal":false,"reflection":false,"title":"Tally | Arbitrum | Treasury","clicks":79},{"url":"https://github.com/uniswapfoundation/UniStaker","internal":false,"reflection":false,"title":"GitHub - uniswapfoundation/UniStaker: Staking infrastructure for fee collection and reward distribution for the Uniswap protocol.","clicks":65},{"url":"https://www.tally.xyz/gov/arbitrum","internal":false,"reflection":false,"title":"Tally | Arbitrum","clicks":58},{"url":"https://www.tally.xyz/gov/arbitrum/delegates","internal":false,"reflection":false,"title":"Tally | Arbitrum | Delegates","clicks":47},{"url":"https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090/10","internal":false,"reflection":false,"title":"[Temp Check] Enable CANCEL role on the DAO - #10 by alextnetto.eth - 🗳️ Meta-Governance - ENS DAO Governance Forum","clicks":34},{"url":"https://www.karmahq.xyz/dao/link/forum?dao=arbitrum","internal":false,"reflection":false,"title":"Link your eth wallet to discourse forum handle","clicks":24},{"url":"https://dune.com/queries/3732998/6278607","internal":false,"reflection":false,"clicks":23},{"url":"https://dune.com/queries/3829223/6440489","internal":false,"reflection":false,"clicks":21},{"url":"https://docs.arbitrum.foundation/dao-constitution#section-6-community-values","internal":false,"reflection":false,"title":"The Amended Constitution of the Arbitrum DAO | Arbitrum DAO - Governance docs","clicks":15},{"url":"https://github.com/ScopeLift/flexible-voting","internal":false,"reflection":false,"title":"GitHub - ScopeLift/flexible-voting: 💪🗳️ Flexible Voting – A Powerful Building Block for DAO Governance","clicks":9},{"url":"https://forum.arbitrum.foundation/t/response-to-arbitrum-staking-proposal-ardc-research-deliverable/26048","internal":true,"reflection":true,"title":"Response to Arbitrum Staking Proposal (ARDC Research Deliverable)","clicks":20},{"url":"https://forum.arbitrum.foundation/t/30-jul-2024-open-discussion-of-proposals-governance-call/25985","internal":true,"reflection":true,"title":"30 Jul 2024 - Open Discussion of Proposals Governance Call","clicks":5},{"url":"https://forum.arbitrum.foundation/t/security-analysis-of-arbitrum-staking-proposal-ardc-security-deliverable/26197","internal":true,"reflection":true,"title":"Security Analysis of Arbitrum Staking Proposal (ARDC Security Deliverable)","clicks":3},{"url":"https://forum.arbitrum.foundation/t/adjusting-arbitrum-s-gas-fees/25002/29","internal":true,"reflection":true,"title":"Adjusting Arbitrum’s Gas Fees","clicks":2},{"url":"https://forum.arbitrum.foundation/t/2-jul-2024-open-discussion-of-proposals-governance-call/25242","internal":true,"reflection":true,"title":"2 Jul 2024 - Open Discussion of Proposals Governance Call","clicks":2},{"url":"https://forum.arbitrum.foundation/t/dip-v1-51a-delegate-incentive-program-results-january-2025/28494/12","internal":true,"reflection":true,"title":"[DIP v1.51a] Delegate Incentive Program Results (January 2025)","clicks":1},{"url":"https://forum.arbitrum.foundation/t/team-24-memebyosis-arbitrum-memecoin-accelerator/25390","internal":true,"reflection":true,"title":"Team #24 - Memebyosis: Arbitrum Memecoin Accelerator","clicks":1},{"url":"https://forum.arbitrum.foundation/t/kicking-off-staking-rewards-and-delegation-working-groups/26776","internal":true,"reflection":true,"title":"Kicking off Staking Rewards and Delegation Working Groups","clicks":1},{"url":"https://forum.arbitrum.foundation/t/proposal-delegate-incentive-program-dip/26496","internal":true,"reflection":true,"title":"Proposal - Delegate Incentive Program (DIP)","clicks":0},{"url":"https://forum.arbitrum.foundation/t/arb-staking-working-groups-final-recommendation/27651","internal":true,"reflection":true,"title":"ARB Staking Working Groups - Final Recommendation","clicks":0},{"url":"https://forum.arbitrum.foundation/t/january-28-2025-open-discussion-of-proposals-governance-call/28283","internal":true,"reflection":true,"title":"January 28, 2025 - Open Discussion of Proposals Governance Call","clicks":0},{"url":"https://forum.arbitrum.foundation/t/non-constitutional-treasury-management-v1-2/26967/10","internal":true,"reflection":true,"title":"[Non-Constitutional] Treasury Management v1.2","clicks":0},{"url":"https://forum.arbitrum.foundation/t/curia-delegate-communication-thread/23600/8","internal":true,"reflection":true,"title":"Curia Delegate Communication Thread","clicks":0},{"url":"https://forum.arbitrum.foundation/t/proposal-launch-native-arb-staking-at-8-apy/29399/2","internal":true,"reflection":true,"title":"Proposal: Launch Native $ARB Staking at ≈ 8% APY","clicks":0},{"url":"https://forum.arbitrum.foundation/t/areta-delegate-thread/26376/15","internal":true,"reflection":true,"title":"Areta Delegate Thread","clicks":0},{"url":"https://forum.arbitrum.foundation/t/gfx-labs-delegate-communication-thread/13794/60","internal":true,"reflection":true,"title":"GFX Labs Delegate Communication Thread","clicks":0},{"url":"https://forum.arbitrum.foundation/t/3-september-2024-roundup-of-active-and-upcoming-votes/26615","internal":true,"reflection":true,"title":"3 September 2024 - Roundup of Active and Upcoming Votes","clicks":0},{"url":"https://forum.arbitrum.foundation/t/rfc-arbitrumdao-governance-analytics-dashboard/25869/24","internal":true,"reflection":true,"title":"[RFC] ArbitrumDAO Governance Analytics Dashboard","clicks":0},{"url":"https://forum.arbitrum.foundation/t/sos-submission-tnorm-strategic-objectives/28977","internal":true,"reflection":true,"title":"[SOS Submission] Tnorm - Strategic Objectives","clicks":0}],"read":true,"user_title":"","bookmarked":false,"actions_summary":[{"id":2,"count":50}],"moderator":false,"admin":false,"staff":false,"user_id":4807,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/1","reactions":[{"id":"heart","type":"emoji","count":50}],"current_user_reaction":null,"reaction_users_count":50,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":52957,"name":"","username":"JoJo","avatar_template":"/user_avatar/forum.arbitrum.foundation/jojo/{size}/2666_2.png","created_at":"2024-06-21T11:08:59.883Z","cooked":"\u003cp\u003eThis is quite interesting, and exactly how I thought Uni should have approached the fee switch problem, which is: you get a yield if you delegate to an \u003cem\u003eactive\u003c/em\u003e party. I really love this proposal.\u003c/p\u003e\n\u003cp\u003eI have a few questions here, that could be idiotic but maybe are worth exploring:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eI see a potential fringe case: there is a delegate, with maximum karma score, that goes away from his delegates duties without coming back. He will likely have a score above 80 \u003cem\u003efor a while\u003c/em\u003e, and so people would delegate to him/her based  How long is this \u003cem\u003ewhile\u003c/em\u003e last?\u003c/li\u003e\n\u003cli\u003eHas there been any thought on protocols who do vote (often but not always), without providing rationale of vote? I can see several arbitrum protocols not reaching karma but being currently target of delegation from their users. Likely this protocols might not have as of now time or energy to actively engage with the dao, or at least to engage up to a level that takes them above threshold.\u003c/li\u003e\n\u003cli\u003eHas there be any thought about a potential gamification of this mechanism, such as giving users that delegate a slightly higher yield/bonus if whom they delegate to has a very high karma score? maybe with a karma score measure not for the very long term, but just on a shorter span of time (ie: 30 days). Which means: you get yield if you delegate to someone with a karma higher than 80, but if him/her reached 110 in the last 30 days (and maybe we measure this is a slightly different way) you get a small bonus?\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eThis is a very very interesting proposal thank you Frisson!\u003c/p\u003e","post_number":2,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T11:08:59.883Z","reply_count":2,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":84,"reads":272,"readers_count":271,"score":769.4,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":19}],"moderator":false,"admin":false,"staff":false,"user_id":11975,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/2","reactions":[{"id":"heart","type":"emoji","count":19}],"current_user_reaction":null,"reaction_users_count":19,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":52981,"name":"","username":"fred","avatar_template":"https://avatars.discourse-cdn.com/v4/letter/f/db5fbb/{size}.png","created_at":"2024-06-21T14:27:58.658Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"Frisson\" data-post=\"1\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/frisson/48/2288_2.png\" class=\"avatar\"\u003e Frisson:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eWe define an active delegate as a delegate with a Karma Score over 80. We use an oracle to represent Karma Score within the staking system. Receiving an accurate Karma score requires delegates to \u003ca href=\"https://www.karmahq.xyz/dao/link/forum?dao=arbitrum\"\u003esign a message\u003c/a\u003e and post it on the forum as a way to prove that the forum user is truly the owner of the delegation address. Karma Score is calculated according to the following formula:\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eI believe that if this system is to be an integral part helping secure Arbitrum’s governance, it is important that it is easily verifiable, secure and decentralised.\u003cbr\u003e\nIs it possible for me to easily recalculate Karma Scores locally in my own machine to ensure that rewards are being distributed according to the specification? This would require software.\u003cbr\u003e\nWhat oracle will be used to relay these scores to the staking system? Will there be some economic backing to this oracle? Will it be slashable? What if it goes offline?\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"Frisson\" data-post=\"1\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/frisson/48/2288_2.png\" class=\"avatar\"\u003e Frisson:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eOur staking implementation directs 1% of surplus fees to delegates to sustain the ongoing growth and development of Arbitrum, a large portion of which is driven by the DAO.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eTo all delegates regardless of criteria? ie all addresses that have tokens delegated to them?\u003cbr\u003e\nI assume proportionally given the amount of tokens delegated?\u003c/p\u003e","post_number":3,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T14:27:58.658Z","reply_count":1,"reply_to_post_number":null,"quote_count":1,"incoming_link_count":7,"reads":242,"readers_count":241,"score":178.4,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":6}],"moderator":false,"admin":false,"staff":false,"user_id":10364,"hidden":false,"trust_level":4,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/3","reactions":[{"id":"heart","type":"emoji","count":6}],"current_user_reaction":null,"reaction_users_count":6,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":52999,"name":"","username":"cp0x","avatar_template":"/user_avatar/forum.arbitrum.foundation/cp0x/{size}/5455_2.png","created_at":"2024-06-21T15:02:34.076Z","cooked":"\u003cp\u003eThe long-awaited proposal, thanks!\u003cbr\u003e\nI think it should be possible to earn a commission regardless of the base commission.\u003cbr\u003e\nLet me explain:\u003cbr\u003e\nThis creates a conflict of interest:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eUsers are interested in keeping the commission to a minimum.\u003c/li\u003e\n\u003cli\u003eOn the other hand, ARB stakers are interested in increasing commissions\u003c/li\u003e\n\u003c/ol\u003e\n\u003cp\u003eAlso, I support JoJo’s questions (although point 3 is controversial, which could lead to all users going to one delegate, this needs to be discussed, but the impulse itself is true)\u003c/p\u003e","post_number":4,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T15:02:34.076Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":12,"reads":206,"readers_count":205,"score":161.2,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":4}],"moderator":false,"admin":false,"staff":false,"user_id":14229,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/4","reactions":[{"id":"heart","type":"emoji","count":4}],"current_user_reaction":null,"reaction_users_count":4,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53000,"name":"Sam [Entropy Advisors]","username":"swmartin","avatar_template":"/user_avatar/forum.arbitrum.foundation/swmartin/{size}/9769_2.png","created_at":"2024-06-21T15:10:31.315Z","cooked":"\u003cp\u003eI really like the underlying goal of trying to fend off governance attacks, increase ARB utility, and encouraging active participation in governance. However, I see some problems…\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003eIf we tie the token to insignificant revenue values, we introduce the risk of people valuing ARB relative to its revenue generation and could face compression of multiples. We see this in the perps landscape, with governance tokens that share revenue trading in line with the yield they generate. Even if we ignore the drastic decrease in DAO revenue since ArbOS Atlas 20 / 4844, $25M (50% of last years revenue, which is still overstating it because Base fees made up a significant portion of revenue over that period) on an $8B FDV token doesn’t look great… I understand it’s only on delegated ARB so it would look more attractive, but these dynamics will change quickly if there is yield attached to delegating tokens. If we do see price come down as a result of this proposal, it could actually make it cheaper to conduct a governance attack while also hurting the value of the DAO treasury.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eIs it actually a good idea in practice to tie delegators/delegates yield to sequencer revenue? This could misalign incentives - fees will likely creep higher and higher over time as voters/governors/delegates look to increase their yield by increasing fees, which could lead to a worse UX and developer experience on Arbitrum.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eWe are about to “spend” half our ETH holdings on BoLD validator bootstrapping, which will also require a 4% yield on 3600 ETH bonds into perpetuity. Additionally, we need a treasury management program to generate passive yield on DAO holdings to achieve long term sustainability, and this proposal does the opposite. It continues to drain the DAO of its resources rather than build it up over time (Mantle is an example of an L2 that has done a superb job on this front).\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eAre we sure the Karma score can’t be gamed in any way? We need to be 100% sure on this one, as it will become an integral part of Arbitrum governance if implemented and is very novel in nature.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eIn general, DAO expenses are growing while revenue declines. We need non-native assets to weather a bear market to ensure we aren’t forced into selling ARB at depressed prices.\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eI think this proposal is just too ahead of its time. If we had $200M of stables and ETH in the treasury, I’d be all for this. However, I believe that Arbitrum is still too early in its growth stage to consider revenue share with token holders / delegators.\u003c/p\u003e","post_number":5,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T15:10:31.315Z","reply_count":2,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":44,"reads":213,"readers_count":212,"score":497.6,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Sam [Entropy Advisors]","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":15}],"moderator":false,"admin":false,"staff":false,"user_id":16320,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/5","reactions":[{"id":"heart","type":"emoji","count":15}],"current_user_reaction":null,"reaction_users_count":15,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53001,"name":"Deelabs","username":"Deelabs","avatar_template":"/user_avatar/forum.arbitrum.foundation/deelabs/{size}/10778_2.png","created_at":"2024-06-21T15:20:50.083Z","cooked":"\u003cp\u003eThe proposed solution does represent a meaningful step forward in terms of incentive alignment between token holders, governance participants and Arbitrum, while continuing to enhance the economic security and sustainability of the ecosystem.\u003c/p\u003e\n\u003cp\u003eThe proposal also does a great job in its formula proposition of Karma Score, which (in the event of this proposal passing) likely becomes an attack vector increasingly prone to manipulation and gamification. However, the proposed solution effectively combines both on-chain and off-chain metrics and selects those that accurately reflect, represent and measure the desired activity and scope of involvement.\u003c/p\u003e\n\u003cp\u003eOn all levels, it is clearly a win-win proposal and outcome for everyone involved.\u003c/p\u003e\n\u003cp\u003eThe only aspect which remains worth unpacking and exploring in greater depth is:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eHow should the surplus fee be distributed in a legally compliant manner that does not increase legal and regulatory risks for Arbitrum?\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThis is arguably one of the greatest reasons why better value-accrual and incentive mechanisms are not more widely adopted across the industry. Hence, it would be worth elaborating on the potential design of the surplus fee distribution and how it takes these aspects into account.\u003c/p\u003e","post_number":6,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T15:20:50.083Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":5,"reads":190,"readers_count":189,"score":153.0,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Deelabs","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":6}],"moderator":false,"admin":false,"staff":false,"user_id":16419,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/6","reactions":[{"id":"heart","type":"emoji","count":6}],"current_user_reaction":null,"reaction_users_count":6,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53003,"name":"","username":"cupojoseph","avatar_template":"/user_avatar/forum.arbitrum.foundation/cupojoseph/{size}/6115_2.png","created_at":"2024-06-21T15:36:22.018Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"Frisson\" data-post=\"1\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/frisson/48/2288_2.png\" class=\"avatar\"\u003e Frisson:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eThe upside of attacking the DAO treasury is increasing (more ETH in the treasury), while the cost of attacking the DAO is not increasing proportionally to defend against attacks.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003e^This should be terrifying for anyone who cares about Arbitrum succeeding long term. The treasury grows, but the cost to capture it is rapidly going down. Something is drastically wrong here and Frisson has the right solution. \u003cstrong\u003eRight now every ARB holder has to decide: participate in governance or participate in the economy of the network.\u003c/strong\u003e We desperately need a way to combine these things. I think there are other avenues to pursue as well, such as custom vaults on lending, AMM, or CDP protocols like Open Dollar, where users can still delegate their tokens when they are deposited and take loans against delegated ARB.\u003c/p\u003e\n\u003cp\u003eThat said, myself and the team at Open Dollar are strongly in favor of this proposal and the proposed timeline.\u003c/p\u003e\n\u003cp\u003eI would suggest the rewards math and calculations go through ARDC and be voted on separately from the rest of the process.\u003c/p\u003e","post_number":7,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T15:36:22.018Z","reply_count":0,"reply_to_post_number":null,"quote_count":1,"incoming_link_count":4,"reads":183,"readers_count":182,"score":176.6,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":8}],"moderator":false,"admin":false,"staff":false,"user_id":14581,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/7","reactions":[{"id":"heart","type":"emoji","count":8}],"current_user_reaction":null,"reaction_users_count":8,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53007,"name":"pedro","username":"pedrob","avatar_template":"/user_avatar/forum.arbitrum.foundation/pedrob/{size}/15561_2.png","created_at":"2024-06-21T18:40:29.109Z","cooked":"\u003cp\u003e\u003cem\u003eThis opinion is solely my own and does not represent the views of SEEDGov, with whom I collaborate as an Advisor for LTIPP.\u003c/em\u003e\u003c/p\u003e\n\u003cp\u003ehey \u003ca class=\"mention\" href=\"/u/frisson\"\u003e@Frisson\u003c/a\u003e thank you very much for the proposal. Overall, I like it and agree with the general principle that using DAO revenue to incentivize participation in governance is an excellent idea and should be implemented.\u003c/p\u003e\n\u003cp\u003eThe problem I see, and I agree with all the points raised by \u003ca class=\"mention\" href=\"/u/swmartin\"\u003e@swmartin\u003c/a\u003e , is one of timing. It seems a bit premature, as the DAO is not yet mature and does not have a \u003ca href=\"https://forum.arbitrum.foundation/t/rfc-arbitrum-gas-fees-sequencer-revenue/24730\"\u003eclear\u003c/a\u003e revenue flow to distribute.\u003c/p\u003e\n\u003cp\u003eI think it hits the mark in pointing out:\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"swmartin\" data-post=\"5\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/swmartin/48/9769_2.png\" class=\"avatar\"\u003e swmartin:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eWe are about to “spend” half our ETH holdings on BoLD validator bootstrapping, which will also require a 4% yield on 3600 ETH bonds into perpetuity. Additionally, we need a treasury management program to generate passive yield on DAO holdings to achieve long term sustainability, and this proposal does the opposite. It continues to drain the DAO of its resources rather than build it up over time (Mantle is an example of an L2 that has done a superb job on this front).\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eAs shown in the graph shared by Entropy, the revenue from the sequencer has dramatically declined since the approval of EIP-4844 (note that the spike at the end is due to the LZO airdrop):\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003cdiv class=\"lightbox-wrapper\"\u003e\u003ca class=\"lightbox\" href=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/4/444c2ba752d9405d1fc357d6e3dd842883615325.jpeg\" data-download-href=\"/uploads/short-url/9KbF4XCzt70a9tLIxn9Sa8NmtV3.jpeg?dl=1\" title=\"\" rel=\"noopener nofollow ugc\"\u003e\u003cimg src=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/4/444c2ba752d9405d1fc357d6e3dd842883615325_2_602x351.jpeg\" alt=\"\" data-base62-sha1=\"9KbF4XCzt70a9tLIxn9Sa8NmtV3\" width=\"602\" height=\"351\" role=\"presentation\" srcset=\"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/4/444c2ba752d9405d1fc357d6e3dd842883615325_2_602x351.jpeg, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/4/444c2ba752d9405d1fc357d6e3dd842883615325_2_903x526.jpeg 1.5x, https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/4/444c2ba752d9405d1fc357d6e3dd842883615325_2_1204x702.jpeg 2x\" data-dominant-color=\"081223\"\u003e\u003cdiv class=\"meta\"\u003e\u003csvg class=\"fa d-icon d-icon-far-image svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#far-image\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003cspan class=\"filename\"\u003e\u003c/span\u003e\u003cspan class=\"informations\"\u003e1600×934 131 KB\u003c/span\u003e\u003csvg class=\"fa d-icon d-icon-discourse-expand svg-icon\" aria-hidden=\"true\"\u003e\u003cuse href=\"#discourse-expand\"\u003e\u003c/use\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eAt this moment, the DAO does not have a defined plan on how to spend the ARB and revenue to maintain a healthy treasury for the medium and long term. Therefore, \u003cstrong\u003eI believe the DAO should stop approving large expenditures (in this case, 50% of the profit is being requested) until a treasury manager is appointed or a treasury management strategy is defined.\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eOn the other hand,\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"Frisson\" data-post=\"1\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/frisson/48/2288_2.png\" class=\"avatar\"\u003e Frisson:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eThe number of unique voters participating in the DAO has been \u003ca href=\"https://dune.com/queries/3829223/6440489\" rel=\"noopener nofollow ugc\"\u003esteadily declining \u003c/a\u003e since DAO launch. As a result, it is becoming economically attractive to attack the DAO treasury.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eAlthough it is true that the number of unique voters has declined, the amount of $ARB delegated for voting has remained stable. I don’t say this is positive, as the supply has increased significantly in recent months, so the expectation would be that $ARB participating in governance should increase by the same percentage.\u003c/p\u003e\n\u003cp\u003eHowever, I disagree that it is urgent or that it has become “economically attractive” to attack the DAO’s treasury. In the latest tally proposal, which was relatively controversial (due to heated last-minute discussions), 213M $ARB and approximately 15,900 addresses voted.\u003c/p\u003e\n\u003cp\u003eSo, if we take that recent vote, the threshold someone would need to consider to attack the DAO is 213M $ARB (and I believe a realistic estimate would indicate that the value is higher, as in the event of an attack on the DAO, more $ARB that is usually not active in governance would likely vote).\u003c/p\u003e\n\u003cp\u003eWhat I mean by this: I agree with the proposed value and the idea of using sequencer revenue to encourage participation in governance. In the medium term, this should be something implemented. However, I don’t think it is urgent, and the DAO is not yet mature enough to handle this expenditure.\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"Frisson\" data-post=\"1\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/frisson/48/2288_2.png\" class=\"avatar\"\u003e Frisson:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eCurrently, there is no direct incentive to delegate ARB tokens. ARB staking introduces a direct incentive to stake and delegate.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eFinally, I know this is not the main point, but I disagree with this narrative. I do agree that using the revenue to incentivize participation in governance is positive and will increase the security of the DAO. However, I disagree with the notion that there are no incentives to delegate the ARB token. In fact, the only incentive that exists today for holding it is to participate in governance or delegate that participation. I believe we need to strengthen this aspect.\u003c/p\u003e","post_number":8,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T18:45:39.890Z","reply_count":1,"reply_to_post_number":null,"quote_count":2,"incoming_link_count":13,"reads":188,"readers_count":187,"score":272.6,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"pedro","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://forum.arbitrum.foundation/t/rfc-arbitrum-gas-fees-sequencer-revenue/24730","internal":true,"reflection":false,"title":"[RFC] Arbitrum Gas Fees \u0026 Sequencer Revenue","clicks":1},{"url":"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/4/444c2ba752d9405d1fc357d6e3dd842883615325.jpeg","internal":false,"reflection":false,"title":"444c2ba752d9405d1fc357d6e3dd842883615325.jpeg","clicks":0}],"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":11}],"moderator":false,"admin":false,"staff":false,"user_id":12166,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":"downloaded local copies of images","can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/8","reactions":[{"id":"heart","type":"emoji","count":11}],"current_user_reaction":null,"reaction_users_count":11,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53014,"name":"Tané","username":"Tane","avatar_template":"/user_avatar/forum.arbitrum.foundation/tane/{size}/3187_2.png","created_at":"2024-06-21T21:43:24.368Z","cooked":"\u003cp\u003eThanks \u003ca class=\"mention\" href=\"/u/frisson\"\u003e@Frisson\u003c/a\u003e for the proposal. We are very excited to have this discussion around potential solutions to tackle the lack of the delegated tokens even for one of the most active governance-equipped DAOs.\u003c/p\u003e\n\u003cp\u003eWe are aware of some issues pointed out by other delegates, but overall, in favor of improving it to be a feasible proposal for the DAO to experiment on. The most important thing that we believe we should try is to introduce a mechanism aligned with the values, effective to work for the price appreciation and governance participation and hard to game on.\u003c/p\u003e\n\u003cp\u003eWe are curious how we can avoid having centralized delegates get staked too much. Just relying on Karma Score over 80 wouldn’t prevent token holders from staking their tokens into “popular” ones. For example, on popular explorers like Keplr for Cosmos DPoS, their UX suggests to avoid delegating tokens to Top X validators. Can we consider introducing such an improvement for more decentralization?\u003c/p\u003e","post_number":9,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T21:43:24.368Z","reply_count":1,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":25,"reads":160,"readers_count":159,"score":237.0,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Tané","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":5}],"moderator":false,"admin":false,"staff":false,"user_id":12361,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/9","reactions":[{"id":"heart","type":"emoji","count":5}],"current_user_reaction":null,"reaction_users_count":5,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53015,"name":"Frisson","username":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","created_at":"2024-06-21T21:57:37.707Z","cooked":"\u003cp\u003eThanks for your thoughtful comments (as always) JoJo.\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eGood question. It depends on the delegate and how high their score was prior to the inactivity. We could try to model out different scenarios using the Karma Score formula.\u003c/li\u003e\n\u003c/ol\u003e\n\u003cul\u003e\n\u003cli\u003e((100) * ((Forum Activity Score * 1) + (Off-chain Votes % * 3) + (On-chain Votes % * 5))) / (Sum of Weights times Max Score Setting * 1)\u003c/li\u003e\n\u003c/ul\u003e\n\u003col start=\"2\"\u003e\n\u003cli\u003e\n\u003cp\u003eI personally haven’t thought a lot about this yet. My first instinct is to say that, with the Delegate Incentives Program, it should be possible to hire folks to help with this. I feel like Treasure is doing a great job with this, for example.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eI like this thought. I think there is a lot of opportunity to tweak the mechanism to optimize governance, especially after it has been on for awhile and we have some historical data to work with.\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ol\u003e","post_number":10,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T21:57:37.707Z","reply_count":0,"reply_to_post_number":2,"quote_count":0,"incoming_link_count":7,"reads":167,"readers_count":166,"score":128.4,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Frisson","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","reply_to_user":{"id":11975,"username":"JoJo","name":"","avatar_template":"/user_avatar/forum.arbitrum.foundation/jojo/{size}/2666_2.png"},"bookmarked":false,"actions_summary":[{"id":2,"count":4}],"moderator":false,"admin":false,"staff":false,"user_id":4807,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/10","reactions":[{"id":"heart","type":"emoji","count":4}],"current_user_reaction":null,"reaction_users_count":4,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53016,"name":"Frisson","username":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","created_at":"2024-06-21T22:01:21.933Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"fred\" data-post=\"3\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://avatars.discourse-cdn.com/v4/letter/f/db5fbb/48.png\" class=\"avatar\"\u003e fred:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eI believe that if this system is to be an integral part helping secure Arbitrum’s governance, it is important that it is easily verifiable, secure and decentralised.\u003cbr\u003e\nIs it possible for me to easily recalculate Karma Scores locally in my own machine to ensure that rewards are being distributed according to the specification? This would require software.\u003cbr\u003e\nWhat oracle will be used to relay these scores to the staking system? Will there be some economic backing to this oracle? Will it be slashable? What if it goes offline?\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eThese are great questions. I’ll work on documentation that explain in more detail how this part of the system in particular will work and share it here on the forum. I think we can get to a reasonable level of decentralization and security. With that said, it will never be as decentralized and verifiable as purely onchain data. I personally don’t think using onchain voting only is sufficient to capture delegate participation, because it’s too easy to game/automate.\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"fred\" data-post=\"3\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://avatars.discourse-cdn.com/v4/letter/f/db5fbb/48.png\" class=\"avatar\"\u003e fred:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eTo all delegates regardless of criteria? ie all addresses that have tokens delegated to them?\u003cbr\u003e\nI assume proportionally given the amount of tokens delegated?\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eThis is proportionally given the amount of tokens delegated, and is also subject to the activity requirement discussed above.\u003c/p\u003e","post_number":11,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T22:01:21.933Z","reply_count":0,"reply_to_post_number":3,"quote_count":1,"incoming_link_count":6,"reads":168,"readers_count":167,"score":123.6,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Frisson","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","bookmarked":false,"actions_summary":[{"id":2,"count":4}],"moderator":false,"admin":false,"staff":false,"user_id":4807,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/11","reactions":[{"id":"heart","type":"emoji","count":4}],"current_user_reaction":null,"reaction_users_count":4,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53018,"name":"Frisson","username":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","created_at":"2024-06-21T22:14:21.636Z","cooked":"\u003cp\u003eAppreciate the thoughtful response, Sam. A few follow up notes:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eI can’t speak to how the market will view ARB Staking, but I will say that I personally disagree with the framing you outlined re: valuation. I think of ARB Staking as a valuable starting point for ARB utility. I anticipate additional use cases and utility for ARB in BoLD and Time Boost. Also, ARB Staking in and of itself should open up new use cases and utility that drive demand (e.g. restaking).\u003c/li\u003e\n\u003cli\u003eI personally disagree with your framing re: delegates and fees optimization. I think delegates are just as likely to see the long term benefits of market share for Arbitrum as they are to optimize for short-term yield maximization up to a point that drives excessive price elasticity for users.\u003c/li\u003e\n\u003cli\u003eI would say that DAO treasury diversification is a separate problem and should be addressed on its own merits. I don’t think accumulating a ton of ETH via fees in the treasury without a fee distribution mechanism is good for the DAO. In fact, it has shown to be \u003ca href=\"https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090\" rel=\"noopener nofollow ugc\"\u003equite dangerous\u003c/a\u003e.\u003c/li\u003e\n\u003cli\u003eI’m going to share a more detailed spec of the Karma implementation per \u003ca class=\"mention\" href=\"/u/fred\"\u003e@fred\u003c/a\u003e’s comment. I personally think it is robust, but look forward to further examination with you and others.\u003c/li\u003e\n\u003c/ul\u003e","post_number":12,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T22:16:25.938Z","reply_count":0,"reply_to_post_number":5,"quote_count":0,"incoming_link_count":33,"reads":161,"readers_count":160,"score":272.2,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Frisson","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090","internal":false,"reflection":false,"title":"[Temp Check] Enable CANCEL role on the DAO - 🗳️ Meta-Governance - ENS DAO Governance Forum","clicks":11}],"read":true,"user_title":"","reply_to_user":{"id":16320,"username":"swmartin","name":"Sam [Entropy Advisors]","avatar_template":"/user_avatar/forum.arbitrum.foundation/swmartin/{size}/9769_2.png"},"bookmarked":false,"actions_summary":[{"id":2,"count":5}],"moderator":false,"admin":false,"staff":false,"user_id":4807,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/12","reactions":[{"id":"heart","type":"emoji","count":5}],"current_user_reaction":null,"reaction_users_count":5,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53019,"name":"Frisson","username":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","created_at":"2024-06-21T22:34:15.442Z","cooked":"\u003cp\u003eThank you for your thoughtful analysis, \u003ca class=\"mention\" href=\"/u/pedrob\"\u003e@pedrob\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eI addressed a few relevant points in my response to Sam here: \u003ca href=\"https://forum.arbitrum.foundation/t/arb-staking-use-surplus-fees-to-align-governance/25084/12\" class=\"inline-onebox\"\u003eARB Staking: Unlock ARB Utility and Align Governance - #12 by Frisson\u003c/a\u003e\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"pedrob\" data-post=\"8\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/pedrob/48/15561_2.png\" class=\"avatar\"\u003e pedrob:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eSo, if we take that recent vote, the threshold someone would need to consider to attack the DAO is 213M $ARB (and I believe a realistic estimate would indicate that the value is higher, as in the event of an attack on the DAO, more $ARB that is usually not active in governance would likely vote).\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eI disagree with this framing on multiple levels. First, I would say that $213M is small compared to the potential upside of attacking the DAO, which controls all of the TVL on Arbitrum One and Nova, in addition to the $50M (and growing) of ETH in the treasury. Second, it is difficult to defend against such an attack in the manner you describe because once an onchain proposal voting period starts, it is no longer possible to delegate tokens that vote on that proposal (you have to delegate before the voting period starts to participate in the proposal).\u003c/p\u003e\n\u003caside class=\"quote no-group\" data-username=\"pedrob\" data-post=\"8\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/pedrob/48/15561_2.png\" class=\"avatar\"\u003e pedrob:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eFinally, I know this is not the main point, but I disagree with this narrative. I do agree that using the revenue to incentivize participation in governance is positive and will increase the security of the DAO. However, I disagree with the notion that there are no incentives to delegate the ARB token. In fact, the only incentive that exists today for holding it is to participate in governance or delegate that participation. I believe we need to strengthen this aspect.\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eI’m not sure I understand this point. Where does the current incentive to delegate come from? Delegating your ARB tokens does not come with any rewards that I’m aware of. On the other hand, it does take time (especially if you are doing it productively and pay some attention to what your delegate is doing).\u003c/p\u003e","post_number":13,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T22:37:11.884Z","reply_count":0,"reply_to_post_number":8,"quote_count":1,"incoming_link_count":2,"reads":162,"readers_count":161,"score":102.4,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Frisson","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","bookmarked":false,"actions_summary":[{"id":2,"count":4}],"moderator":false,"admin":false,"staff":false,"user_id":4807,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/13","reactions":[{"id":"heart","type":"emoji","count":4}],"current_user_reaction":null,"reaction_users_count":4,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53020,"name":"Frisson","username":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","created_at":"2024-06-21T22:39:47.605Z","cooked":"\u003caside class=\"quote no-group\" data-username=\"Tane\" data-post=\"9\" data-topic=\"25084\"\u003e\n\u003cdiv class=\"title\"\u003e\n\u003cdiv class=\"quote-controls\"\u003e\u003c/div\u003e\n\u003cimg loading=\"lazy\" alt=\"\" width=\"24\" height=\"24\" src=\"https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/tane/48/3187_2.png\" class=\"avatar\"\u003e Tane:\u003c/div\u003e\n\u003cblockquote\u003e\n\u003cp\u003eWe are curious how we can avoid having centralized delegates get staked too much. Just relying on Karma Score over 80 wouldn’t prevent token holders from staking their tokens into “popular” ones. For example, on popular explorers like Keplr for Cosmos DPoS, their UX suggests to avoid delegating tokens to Top X validators. Can we consider introducing such an improvement for more decentralization?\u003c/p\u003e\n\u003c/blockquote\u003e\n\u003c/aside\u003e\n\u003cp\u003eThanks, Tane. We could certainly implement something like this in the UI layer on Tally. That’s a great idea. An additional option would be to introduce smart contract mechanisms that amplify or reduce rewards based on voting power concentration, which I think could be powerful but are more complex to predict and get right.\u003c/p\u003e","post_number":14,"post_type":1,"posts_count":196,"updated_at":"2024-06-21T22:39:47.605Z","reply_count":1,"reply_to_post_number":9,"quote_count":1,"incoming_link_count":5,"reads":151,"readers_count":150,"score":180.2,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Frisson","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","bookmarked":false,"actions_summary":[{"id":2,"count":8}],"moderator":false,"admin":false,"staff":false,"user_id":4807,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/14","reactions":[{"id":"heart","type":"emoji","count":8}],"current_user_reaction":null,"reaction_users_count":8,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53029,"name":"cihat","username":"cozturk","avatar_template":"https://avatars.discourse-cdn.com/v4/letter/c/9de053/{size}.png","created_at":"2024-06-22T09:22:55.781Z","cooked":"\u003cp\u003eThe offer is nice but I don’t see sustainability because Dao revenues will not be able to subsidize this payment in the future. So, I think this proposal should be based on the expectation of future Dao income rather than the current accumulated Dao treasure. For this, the fee rate that will go to $ARB stakers in the network can be determined. Current L2, L1 fees should be investigated and an additional fee such as a Staker fee may be added to bring the Arbitrum network closer to the median.\u003c/p\u003e\n\u003cp\u003eArbitrum doesn’t need to be the cheapest L2. The important thing, according to Game Theory, is to create a system where projects, teams, VCs and $ARB investors can consistently gain profit in the long run.  However, according to game theory, I see no advantage for investors and project is being funded with investors’ money.\u003c/p\u003e","post_number":15,"post_type":1,"posts_count":196,"updated_at":"2024-06-22T09:26:37.620Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":1,"reads":144,"readers_count":143,"score":78.8,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"cihat","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":3}],"moderator":false,"admin":false,"staff":false,"user_id":15621,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/15","reactions":[{"id":"heart","type":"emoji","count":3}],"current_user_reaction":null,"reaction_users_count":3,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53033,"name":"ultra","username":"0x_ultra","avatar_template":"/user_avatar/forum.arbitrum.foundation/0x_ultra/{size}/236_2.png","created_at":"2024-06-22T13:57:41.242Z","cooked":"\u003cp\u003eI really like pairing the idea of pairing the staking mechanism with an increase in governance participation. Governance attacks are rarely considered but this is a great way to get some of that voting power back from dead governance participants and increase Arbitrum security.\u003c/p\u003e\n\u003cp\u003eAlthough I believe the fees that Arbitrum made so far do not represent an incredibly large sum of money and yields on redistribution may not be very attractive at first its good to start planning a method of distribution which does more than just rewarding pure staking. (Hopefully with fee increase we will see a much bigger fee intake)\u003c/p\u003e\n\u003cp\u003eI’m not sure using karma score for cutoff is the best way to cut off non-active delegates as it greatly favours older active participants and could mean an even greater concentration of power amongst the few already top delegates. The formula should be revised a bit to skew the score towards active participation in a shorter time span (prev 6 months?)\u003c/p\u003e","post_number":16,"post_type":1,"posts_count":196,"updated_at":"2024-06-22T13:57:41.242Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":2,"reads":150,"readers_count":149,"score":100.0,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"ultra","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":4}],"moderator":false,"admin":false,"staff":false,"user_id":1723,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/16","reactions":[{"id":"heart","type":"emoji","count":4}],"current_user_reaction":null,"reaction_users_count":4,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53038,"name":"Dennison Bertram","username":"dennison","avatar_template":"/user_avatar/forum.arbitrum.foundation/dennison/{size}/13494_2.png","created_at":"2024-06-22T16:35:13.535Z","cooked":"\u003cp\u003eSomething that is really exciting to me about this proposal is that it allows us to start building the infrastructure that can let other people reuse the security of the ARB token for other applications.\u003c/p\u003e\n\u003cp\u003eWhen paired with \u003ca href=\"https://docs.symbiotic.fi/\" rel=\"noopener nofollow ugc\"\u003eSymbiotic\u003c/a\u003e for example, we can create a collateral type from ARB that can now be used in Vaults for restaking.\u003c/p\u003e\n\u003cp\u003eThis allows people to build really cool things:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eArbitrum security backed Oracle service\u003c/li\u003e\n\u003cli\u003eShared Sequencing models with slashing for bad behavior\u003c/li\u003e\n\u003cli\u003eFaster decentralized bridges secured by ARB token.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003ePersonally, I’m not so worried about the cost to the ARB DAO, as noted, currently the income from the sequencer is quite low (but I expect we will probably want to reevaluate this because we’re far far cheaper than Base at the moment).  Also, this would be for revenue going forward, I don’t think this proposal suggests using half of the ETH the DAO already has.\u003c/p\u003e\n\u003cp\u003eThis system helps get ARB holders to lock their tokens up for a long term productive use. This is positive for ARB holders, and the ecosystem, as our supply is expanding too fast, IMHO, and this is a net positive method for withdrawing ARB from the market.\u003c/p\u003e\n\u003cp\u003eAs a builder, I’m personally most excited about creating an entirely new infrastructure layer on which to build tooling on Arbitrum. I see it more an investment in expansion of the Arb tech stack and market reach than a cost.\u003c/p\u003e","post_number":17,"post_type":1,"posts_count":196,"updated_at":"2024-06-22T20:35:06.599Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":3,"reads":175,"readers_count":174,"score":140.0,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Dennison Bertram","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://docs.symbiotic.fi/","internal":false,"reflection":false,"title":"Symbiotic intro | Symbiotic","clicks":3}],"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":6}],"moderator":false,"admin":false,"staff":false,"user_id":1151,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/17","reactions":[{"id":"heart","type":"emoji","count":6}],"current_user_reaction":null,"reaction_users_count":6,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53039,"name":"Frisson","username":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","created_at":"2024-06-22T18:15:46.904Z","cooked":"\u003cp\u003eI wanted to give everyone a heads up that I’m going to be away from my keyboard Sunday afternoon through Wednesday afternoon MST of this upcoming week. If I don’t respond to a forum comment or Telegram message promptly, I will get to it on Wednesday. Please also feel free to reach out to \u003ca class=\"mention\" href=\"/u/dennison\"\u003e@dennison\u003c/a\u003e of Tally, who has full context on the proposal. Thanks Arbitrum fam, I appreciate all of you.\u003c/p\u003e","post_number":18,"post_type":1,"posts_count":196,"updated_at":"2024-06-22T18:15:46.904Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":3,"reads":181,"readers_count":180,"score":171.2,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Frisson","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":"","bookmarked":false,"actions_summary":[{"id":2,"count":6}],"moderator":false,"admin":false,"staff":false,"user_id":4807,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/18","reactions":[{"id":"heart","type":"emoji","count":6}],"current_user_reaction":null,"reaction_users_count":6,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53042,"name":"Adrian","username":"0xTALVO.ETH_MTY","avatar_template":"/user_avatar/forum.arbitrum.foundation/0xtalvo.eth_mty/{size}/10365_2.png","created_at":"2024-06-22T20:47:48.049Z","cooked":"\u003cp\u003eSounds interesting…\u003cbr\u003e\nThis mechanism not only rewards stakeholders but also addresses the issue of declining voter participation, thereby strengthening the DAO’s defense against potential attacks and promoting long-term ecosystem health.\u003c/p\u003e","post_number":19,"post_type":1,"posts_count":196,"updated_at":"2024-06-22T20:47:48.049Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":0,"reads":183,"readers_count":182,"score":96.6,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":"Adrian","primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":1,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"link_counts":[{"url":"https://forum.arbitrum.foundation/t/0xtalvo-eth-mty-delegate-communication-thread/26652/2","internal":true,"reflection":true,"title":"0xTALVO.ETH_MTY Delegate Communication Thread","clicks":1},{"url":"https://forum.arbitrum.foundation/t/delegate-incentive-program-results-september-2024/27066/12","internal":true,"reflection":true,"title":"[DIP v1.0]Delegate Incentive Program Results (September 2024)","clicks":0}],"read":true,"user_title":"","bookmarked":false,"actions_summary":[{"id":2,"count":4}],"moderator":false,"admin":false,"staff":false,"user_id":16273,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/19","reactions":[{"id":"heart","type":"emoji","count":4}],"current_user_reaction":null,"reaction_users_count":4,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null},{"id":53045,"name":null,"username":"0xDonPepe","avatar_template":"/user_avatar/forum.arbitrum.foundation/0xdonpepe/{size}/5989_2.png","created_at":"2024-06-23T00:34:28.969Z","cooked":"\u003cp\u003eOverall, I think this is a solid strategy that enhances economic security and encourages more participation in Arbitrum DAO governance.\u003c/p\u003e\n\u003cp\u003eedit: Just voted ‘FOR’ because of the reasons already outlined.\u003c/p\u003e","post_number":20,"post_type":1,"posts_count":196,"updated_at":"2024-08-14T21:44:50.916Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":12,"reads":189,"readers_count":188,"score":142.8,"yours":false,"topic_id":25084,"topic_slug":"arb-staking-unlock-arb-utility-and-align-governance","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":2,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"read":true,"user_title":null,"bookmarked":false,"actions_summary":[{"id":2,"count":3}],"moderator":false,"admin":false,"staff":false,"user_id":14496,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/arb-staking-unlock-arb-utility-and-align-governance/25084/20","reactions":[{"id":"heart","type":"emoji","count":3}],"current_user_reaction":null,"reaction_users_count":3,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null}],"stream":[52947,52957,52981,52999,53000,53001,53003,53007,53014,53015,53016,53018,53019,53020,53029,53033,53038,53039,53042,53045,53067,53095,53096,53098,53119,53165,53192,53227,53236,53248,53289,53327,53331,53391,53393,53551,53556,53579,53606,53607,53657,53862,53937,53962,54009,54051,54071,54150,54153,54155,54163,54166,54192,54204,54271,54278,54281,54301,54469,54518,54542,54623,54637,54675,54841,54848,54874,54949,54956,54958,54973,54978,54989,55040,55090,55148,55185,55191,55206,55268,55270,55375,55532,55741,55811,55825,55856,55858,55870,55889,55939,55952,55991,56000,56023,56053,56141,56313,56358,56365,56374,56386,56421,56435,56438,56445,56474,56491,56510,56522,56525,56540,56552,56568,56572,56573,56589,56590,56603,56605,56608,56615,56629,56640,56651,56683,56711,56879,56880,56881,56882,56883,56886,56887,56888,56945,56951,57136,57171,57174,57182,57190,57323,57353,57405,57410,57441,57489,57573,57670,57694,57842,57862,57888,57894,57958,57973,57975,57983,58037,58594,59391,59953,62063,62915,63139,63141,63168,63170,63224,65178,65551,65672,65806,66105,66462,66542,66568,66592,66600,66601,66603,67551,67600,67614,68837,69488,69515,71404,71846,72686,72719,72720,72950,73806,73902]},"timeline_lookup":[[1,838],[15,837],[21,836],[22,835],[26,834],[30,833],[32,831],[34,830],[35,829],[36,826],[38,825],[41,824],[42,820],[43,819],[44,818],[46,817],[48,816],[50,815],[55,814],[59,812],[62,811],[65,809],[67,808],[68,807],[73,806],[75,805],[76,804],[80,803],[82,800],[83,798],[84,795],[85,793],[87,792],[90,791],[93,790],[95,789],[97,788],[98,787],[99,786],[103,785],[109,784],[114,783],[125,782],[127,781],[128,779],[136,778],[138,776],[139,775],[142,774],[143,771],[147,770],[149,768],[150,767],[151,766],[152,763],[156,762],[160,761],[161,755],[162,742],[163,735],[164,701],[165,682],[166,679],[170,678],[171,636],[172,629],[173,625],[174,623],[175,616],[176,610],[177,609],[178,608],[183,590],[184,589],[186,560],[187,547],[189,490],[190,476],[191,442],[192,441],[194,432],[195,389],[196,381]],"tags":[],"tags_descriptions":{},"fancy_title":"ARB Staking: Unlock ARB Utility and Align Governance","id":25084,"title":"ARB Staking: Unlock ARB Utility and Align Governance","posts_count":196,"created_at":"2024-06-21T07:29:07.977Z","views":12781,"reply_count":75,"like_count":633,"last_posted_at":"2025-09-22T01:51:12.777Z","visible":true,"closed":false,"archived":false,"has_summary":true,"archetype":"regular","slug":"arb-staking-unlock-arb-utility-and-align-governance","category_id":9,"word_count":28940,"deleted_at":null,"user_id":4807,"featured_link":null,"pinned_globally":false,"pinned_at":null,"pinned_until":null,"image_url":"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718_2_1024x727.png","slow_mode_seconds":0,"draft":null,"draft_key":"topic_25084","draft_sequence":null,"unpinned":null,"pinned":false,"current_post_number":1,"highest_post_number":204,"deleted_by":null,"actions_summary":[{"id":4,"count":0,"hidden":false,"can_act":false},{"id":8,"count":0,"hidden":false,"can_act":false},{"id":10,"count":0,"hidden":false,"can_act":false},{"id":7,"count":0,"hidden":false,"can_act":false}],"chunk_size":20,"bookmarked":false,"topic_timer":null,"message_bus_last_id":0,"participant_count":91,"show_read_indicator":false,"thumbnails":[{"max_width":null,"max_height":null,"width":1210,"height":860,"url":"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/original/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718.png"},{"max_width":1024,"max_height":1024,"width":1024,"height":727,"url":"https://canada1.discourse-cdn.com/flex029/uploads/arbitrum1/optimized/2X/c/cc6ae47608e7e8724b4670d02d3913ef8b8b0718_2_1024x727.png"}],"slow_mode_enabled_until":null,"tags_disable_ads":false,"related_topics":null,"summarizable":false,"has_cached_summary":false,"valid_reactions":["heart","+1","laughing","open_mouth","clap","confetti_ball","hugs"],"has_accepted_answer":false,"can_create_shared_issue":false,"shared_issue_visible":false,"discourse_zendesk_plugin_zendesk_id":null,"discourse_zendesk_plugin_zendesk_url":"https://your-url.zendesk.com/agent/tickets/","details":{"can_edit":false,"notification_level":1,"participants":[{"id":4807,"username":"Frisson","name":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png","post_count":40,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":14229,"username":"cp0x","name":"","avatar_template":"/user_avatar/forum.arbitrum.foundation/cp0x/{size}/5455_2.png","post_count":11,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":11975,"username":"JoJo","name":"","avatar_template":"/user_avatar/forum.arbitrum.foundation/jojo/{size}/2666_2.png","post_count":6,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":7334,"username":"BlockworksResearch","name":"Blockworks Advisory","avatar_template":"/user_avatar/forum.arbitrum.foundation/blockworksresearch/{size}/14962_2.png","post_count":6,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":1151,"username":"dennison","name":"Dennison Bertram","avatar_template":"/user_avatar/forum.arbitrum.foundation/dennison/{size}/13494_2.png","post_count":5,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":11861,"username":"jameskbh","name":"","avatar_template":"/user_avatar/forum.arbitrum.foundation/jameskbh/{size}/2667_2.png","post_count":4,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":12361,"username":"Tane","name":"Tané","avatar_template":"/user_avatar/forum.arbitrum.foundation/tane/{size}/3187_2.png","post_count":4,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":15343,"username":"crypfuto","name":"crypfuto","avatar_template":"https://avatars.discourse-cdn.com/v4/letter/c/9e8a1a/{size}.png","post_count":4,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":14645,"username":"EzR3aL","name":"","avatar_template":"/user_avatar/forum.arbitrum.foundation/ezr3al/{size}/14760_2.png","post_count":4,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":1723,"username":"0x_ultra","name":"ultra","avatar_template":"/user_avatar/forum.arbitrum.foundation/0x_ultra/{size}/236_2.png","post_count":3,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":12449,"username":"mmurthy","name":"","avatar_template":"https://avatars.discourse-cdn.com/v4/letter/m/c4cdca/{size}.png","post_count":3,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":16575,"username":"Retar_Dalio","name":"Lox Scallion ","avatar_template":"https://avatars.discourse-cdn.com/v4/letter/r/e36b37/{size}.png","post_count":3,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":12606,"username":"Jadmat","name":"Jadmat | SEED Latam","avatar_template":"/user_avatar/forum.arbitrum.foundation/jadmat/{size}/12809_2.png","post_count":3,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":7308,"username":"DisruptionJoe","name":"Disruption Joe","avatar_template":"/user_avatar/forum.arbitrum.foundation/disruptionjoe/{size}/1084_2.png","post_count":3,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":14496,"username":"0xDonPepe","name":null,"avatar_template":"/user_avatar/forum.arbitrum.foundation/0xdonpepe/{size}/5989_2.png","post_count":3,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":12342,"username":"0xlide","name":"","avatar_template":"https://avatars.discourse-cdn.com/v4/letter/0/47e85d/{size}.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":1},{"id":12522,"username":"AlexLumley","name":"Alex Lumley | Arbitrum Delegate","avatar_template":"/user_avatar/forum.arbitrum.foundation/alexlumley/{size}/3790_2.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":11549,"username":"Tekr0x.eth","name":"Tekrox.eth","avatar_template":"/user_avatar/forum.arbitrum.foundation/tekr0x.eth/{size}/2289_2.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":15428,"username":"hhe","name":"Henry He@Double","avatar_template":"https://avatars.discourse-cdn.com/v4/letter/h/96bed5/{size}.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":1},{"id":16320,"username":"swmartin","name":"Sam [Entropy Advisors]","avatar_template":"/user_avatar/forum.arbitrum.foundation/swmartin/{size}/9769_2.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":13752,"username":"Englandzz_Curia","name":"England | Curia","avatar_template":"/user_avatar/forum.arbitrum.foundation/englandzz_curia/{size}/4817_2.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":7988,"username":"krst","name":"Krzysztof 'krst' Urbański L2BEAT 💗","avatar_template":"/user_avatar/forum.arbitrum.foundation/krst/{size}/1357_2.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":59,"username":"olimpio","name":"olimpio","avatar_template":"/user_avatar/forum.arbitrum.foundation/olimpio/{size}/11_2.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2},{"id":6449,"username":"Mehdi_eth","name":"MehDeFI","avatar_template":"/user_avatar/forum.arbitrum.foundation/mehdi_eth/{size}/16244_2.png","post_count":2,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_color":null,"flair_bg_color":null,"flair_group_id":null,"trust_level":2}],"created_by":{"id":4807,"username":"Frisson","name":"Frisson","avatar_template":"/user_avatar/forum.arbitrum.foundation/frisson/{size}/2288_2.png"},"last_poster":{"id":12361,"username":"Tane","name":"Tané","avatar_template":"/user_avatar/forum.arbitrum.foundation/tane/{size}/3187_2.png"},"links":[{"url":"https://www.tally.xyz/gov/arbitrum/treasury","title":"Tally | Arbitrum | Treasury","internal":false,"attachment":false,"reflection":false,"clicks":79,"user_id":4807,"domain":"www.tally.xyz","root_domain":"tally.xyz"},{"url":"https://github.com/uniswapfoundation/UniStaker","title":"GitHub - uniswapfoundation/UniStaker: Staking infrastructure for fee collection and reward distribution for the Uniswap protocol.","internal":false,"attachment":false,"reflection":false,"clicks":65,"user_id":4807,"domain":"github.com","root_domain":"github.com"},{"url":"https://www.tally.xyz/gov/arbitrum","title":"Tally | Arbitrum","internal":false,"attachment":false,"reflection":false,"clicks":58,"user_id":4807,"domain":"www.tally.xyz","root_domain":"tally.xyz"},{"url":"https://www.tally.xyz/gov/arbitrum/delegates","title":"Tally | Arbitrum | Delegates","internal":false,"attachment":false,"reflection":false,"clicks":47,"user_id":4807,"domain":"www.tally.xyz","root_domain":"tally.xyz"},{"url":"https://dhive.io/proposal/1044","title":"# ARB Staking: Unlock ARB Utility and Align Governance | Dhive","internal":false,"attachment":false,"reflection":false,"clicks":36,"user_id":15559,"domain":"dhive.io","root_domain":"dhive.io"},{"url":"https://forum.arbitrum.foundation/t/arb-staking-working-groups-final-recommendation/27651","title":"ARB Staking Working Groups - Final Recommendation","internal":true,"attachment":false,"reflection":false,"clicks":36,"user_id":4807,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090/10","title":"[Temp Check] Enable CANCEL role on the DAO - #10 by alextnetto.eth - 🗳️ Meta-Governance - ENS DAO Governance Forum","internal":false,"attachment":false,"reflection":false,"clicks":34,"user_id":4807,"domain":"discuss.ens.domains","root_domain":"ens.domains"},{"url":"https://x.com/tallyxyz/status/1889741660591972522","title":null,"internal":false,"attachment":false,"reflection":false,"clicks":34,"user_id":4807,"domain":"x.com","root_domain":"x.com"},{"url":"https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xb581f3aed701ae889c1d79406acdf3d653e6eb4323cb5e46635f729e6313da4d","title":"Snapshot","internal":false,"attachment":false,"reflection":false,"clicks":28,"user_id":4807,"domain":"snapshot.org","root_domain":"snapshot.org"},{"url":"https://www.karmahq.xyz/dao/link/forum?dao=arbitrum","title":"Link your eth wallet to discourse forum handle","internal":false,"attachment":false,"reflection":false,"clicks":24,"user_id":4807,"domain":"www.karmahq.xyz","root_domain":"karmahq.xyz"},{"url":"https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/11","title":"Alex Lumley (Savvy DAO) Delegate Communication Thread","internal":true,"attachment":false,"reflection":false,"clicks":23,"user_id":12522,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://dune.com/queries/3732998/6278607","title":null,"internal":false,"attachment":false,"reflection":false,"clicks":23,"user_id":4807,"domain":"dune.com","root_domain":"dune.com"},{"url":"https://docs.google.com/document/d/1KwdYr4TgqFrQzuDSLCCdCj7V-JkTMwuNLb3Fbu3ouEY/edit?tab=t.0#heading=h.3qtvb0qil0oj","title":"[Public] Staking Rewards Source WG Doc - Google Docs","internal":false,"attachment":false,"reflection":false,"clicks":21,"user_id":12183,"domain":"docs.google.com","root_domain":"google.com"},{"url":"https://dhive.io/proposal/708","title":"ARB Staking: Unlock ARB Utility and Align Governance | Dhive","internal":false,"attachment":false,"reflection":false,"clicks":21,"user_id":15559,"domain":"dhive.io","root_domain":"dhive.io"},{"url":"https://dune.com/queries/3829223/6440489","title":null,"internal":false,"attachment":false,"reflection":false,"clicks":21,"user_id":4807,"domain":"dune.com","root_domain":"dune.com"},{"url":"https://forum.arbitrum.foundation/t/response-to-arbitrum-staking-proposal-ardc-research-deliverable/26048","title":"Response to Arbitrum Staking Proposal (ARDC Research Deliverable)","internal":true,"attachment":false,"reflection":true,"clicks":20,"user_id":14703,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://github.com/withtally/staker/tree/main/audits","title":"staker/audits at main · withtally/staker · GitHub","internal":false,"attachment":false,"reflection":false,"clicks":16,"user_id":1151,"domain":"github.com","root_domain":"github.com"},{"url":"https://discuss.ens.domains/t/liquid-staking-for-ens/19242","title":"Liquid staking for $ENS - 🗳️ Meta-Governance - ENS DAO Governance Forum","internal":false,"attachment":false,"reflection":false,"clicks":15,"user_id":14737,"domain":"discuss.ens.domains","root_domain":"ens.domains"},{"url":"https://docs.arbitrum.foundation/dao-constitution#section-6-community-values","title":"The Amended Constitution of the Arbitrum DAO | Arbitrum DAO - Governance docs","internal":false,"attachment":false,"reflection":false,"clicks":15,"user_id":4807,"domain":"docs.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://x.com/tallyxyz/status/1879262601361928332","title":"x.com","internal":false,"attachment":false,"reflection":false,"clicks":12,"user_id":1151,"domain":"x.com","root_domain":"x.com"},{"url":"https://discuss.ens.domains/t/temp-check-enable-cancel-role-on-the-dao/19090","title":"[Temp Check] Enable CANCEL role on the DAO - 🗳️ Meta-Governance - ENS DAO Governance Forum","internal":false,"attachment":false,"reflection":false,"clicks":11,"user_id":4807,"domain":"discuss.ens.domains","root_domain":"ens.domains"},{"url":"https://github.com/ScopeLift/flexible-voting","title":"GitHub - ScopeLift/flexible-voting: 💪🗳️ Flexible Voting – A Powerful Building Block for DAO Governance","internal":false,"attachment":false,"reflection":false,"clicks":10,"user_id":4807,"domain":"github.com","root_domain":"github.com"},{"url":"https://dune.com/entropy_advisors/arbitrum-dao-financials#a-income-blockchain-related-revenue-non-operating-income","title":null,"internal":false,"attachment":false,"reflection":false,"clicks":10,"user_id":12361,"domain":"dune.com","root_domain":"dune.com"},{"url":"https://www.tally.xyz/gov/arbitrum/proposal/52793687237294107439411688810483120161857085958258363826553939061522164665920?govId=eip155:42161:0x789fC99093B09aD01C34DC7251D0C89ce743e5a4","title":"Tally | Arbitrum | ARB Staking: Unlock ARB Utility and Align Governance","internal":false,"attachment":false,"reflection":false,"clicks":8,"user_id":1151,"domain":"www.tally.xyz","root_domain":"tally.xyz"},{"url":"https://x.com/tallyxyz/status/1894081181668507705","title":null,"internal":false,"attachment":false,"reflection":false,"clicks":8,"user_id":4807,"domain":"x.com","root_domain":"x.com"},{"url":"https://x.com/tallyxyz/status/1878867858064605507","title":"x.com","internal":false,"attachment":false,"reflection":false,"clicks":6,"user_id":1151,"domain":"x.com","root_domain":"x.com"},{"url":"https://discuss.ens.domains/t/introducing-veto-ensdao-eth/19088","title":"Introducing veto.ensdao.eth - General Discussion - ENS DAO Governance Forum","internal":false,"attachment":false,"reflection":false,"clicks":6,"user_id":14781,"domain":"discuss.ens.domains","root_domain":"ens.domains"},{"url":"https://forum.arbitrum.foundation/t/rfc-arbitrum-gas-fees-sequencer-revenue/24730","title":"[RFC] Arbitrum Gas Fees \u0026 Sequencer Revenue","internal":true,"attachment":false,"reflection":false,"clicks":5,"user_id":4343,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://forum.arbitrum.foundation/t/proposal-activate-arb-staking-final/19068","title":"Proposal: Activate ARB Staking (FINAL)","internal":true,"attachment":false,"reflection":false,"clicks":5,"user_id":13752,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://www.tally.xyz/gov/arbitrum/proposal/52793687237294107439411688810483120161857085958258363826553939061522164665920","title":null,"internal":false,"attachment":false,"reflection":false,"clicks":5,"user_id":12183,"domain":"www.tally.xyz","root_domain":"tally.xyz"},{"url":"https://forum.arbitrum.foundation/t/30-jul-2024-open-discussion-of-proposals-governance-call/25985","title":"30 Jul 2024 - Open Discussion of Proposals Governance Call","internal":true,"attachment":false,"reflection":true,"clicks":5,"user_id":12183,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://arbiscan.io/address/0xbFc1FECa8B09A5c5D3EFfE7429eBE24b9c09EF58","title":"Arbitrum Foundation: L2 Treasury Timelock | Address 0xbFc1FECa8B09A5c5D3EFfE7429eBE24b9c09EF58 | Arbitrum One","internal":false,"attachment":false,"reflection":false,"clicks":5,"user_id":7334,"domain":"arbiscan.io","root_domain":"arbiscan.io"},{"url":"https://forum.arbitrum.foundation/t/response-to-arbitrum-staking-proposal-ardc-research-deliverable/26048/3","title":"Response to Arbitrum Staking Proposal (ARDC Research Deliverable)","internal":true,"attachment":false,"reflection":false,"clicks":5,"user_id":7486,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://arbitrum.karmahq.xyz/?period=30d","title":"Delegates of Arbitrum DAO","internal":false,"attachment":false,"reflection":false,"clicks":4,"user_id":12449,"domain":"arbitrum.karmahq.xyz","root_domain":"karmahq.xyz"},{"url":"https://audits.sherlock.xyz/contests/609?filter=questions","title":"Tally ARB Staker Contest - 30,000 USDC","internal":false,"attachment":false,"reflection":false,"clicks":4,"user_id":4807,"domain":"audits.sherlock.xyz","root_domain":"sherlock.xyz"},{"url":"https://docs.symbiotic.fi/","title":"Symbiotic intro | Symbiotic","internal":false,"attachment":false,"reflection":false,"clicks":3,"user_id":1151,"domain":"docs.symbiotic.fi","root_domain":"symbiotic.fi"},{"url":"https://arbitrum.karmahq.xyz/delegate-compensation","title":"Delegates of Arbitrum DAO","internal":false,"attachment":false,"reflection":false,"clicks":3,"user_id":12449,"domain":"arbitrum.karmahq.xyz","root_domain":"karmahq.xyz"},{"url":"https://forum.arbitrum.foundation/t/constitutional-aip-proposal-to-adopt-timeboost-a-new-transaction-ordering-policy/25167/26","title":"Constitutional AIP: Proposal to adopt Timeboost, a new transaction ordering policy","internal":true,"attachment":false,"reflection":false,"clicks":3,"user_id":14229,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://forum.arbitrum.foundation/t/security-analysis-of-arbitrum-staking-proposal-ardc-security-deliverable/26197","title":"Security Analysis of Arbitrum Staking Proposal (ARDC Security Deliverable)","internal":true,"attachment":false,"reflection":true,"clicks":3,"user_id":16372,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://jacob.energy/delegation-markets.html","title":"Delegation Markets","internal":false,"attachment":false,"reflection":false,"clicks":3,"user_id":7486,"domain":"jacob.energy","root_domain":"jacob.energy"},{"url":"https://medium.com/balancer-protocol/the-8020-initiative-64a7a6cab976","title":"The 8020 Initiative. Noticing the shift in the governance… | by Beethoven X | Balancer Protocol | Medium","internal":false,"attachment":false,"reflection":false,"clicks":3,"user_id":8115,"domain":"medium.com","root_domain":"medium.com"},{"url":"https://a16zcrypto.com/posts/article/application-tokens-economic-model-cash-flows/#section--5","title":"A new financial model for app tokens: How to generate cash flows - a16z crypto","internal":false,"attachment":false,"reflection":false,"clicks":2,"user_id":7334,"domain":"a16zcrypto.com","root_domain":"a16zcrypto.com"},{"url":"https://forum.arbitrum.foundation/t/response-to-arbitrum-staking-proposal-ardc-research-deliverable/26048","title":"Response to Arbitrum Staking Proposal (ARDC Research Deliverable)","internal":true,"attachment":false,"reflection":false,"clicks":2,"user_id":12710,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/5","title":"Alex Lumley (Savvy DAO) Delegate Communication Thread","internal":true,"attachment":false,"reflection":false,"clicks":2,"user_id":12522,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://forum.arbitrum.foundation/t/adjusting-arbitrum-s-gas-fees/25002/29","title":"Adjusting Arbitrum’s Gas Fees","internal":true,"attachment":false,"reflection":true,"clicks":2,"user_id":12710,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://forum.arbitrum.foundation/t/2-jul-2024-open-discussion-of-proposals-governance-call/25242","title":"2 Jul 2024 - Open Discussion of Proposals Governance Call","internal":true,"attachment":false,"reflection":true,"clicks":2,"user_id":12183,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://github.com/withtally/stgov","title":"GitHub - withtally/stGOV: stGov is a convenient liquid token wrapper on top of Staker","internal":false,"attachment":false,"reflection":false,"clicks":2,"user_id":12183,"domain":"github.com","root_domain":"github.com"},{"url":"https://github.com/withtally/stgov/tree/main/audits","title":"stGOV/audits at main · withtally/stGOV · GitHub","internal":false,"attachment":false,"reflection":false,"clicks":2,"user_id":12183,"domain":"github.com","root_domain":"github.com"},{"url":"https://github.com/withtally/staker","title":"GitHub - withtally/staker","internal":false,"attachment":false,"reflection":false,"clicks":2,"user_id":12183,"domain":"github.com","root_domain":"github.com"},{"url":"https://forum.arbitrum.foundation/t/0xtalvo-eth-mty-delegate-communication-thread/26652/2","title":"0xTALVO.ETH_MTY Delegate Communication Thread","internal":true,"attachment":false,"reflection":true,"clicks":1,"user_id":16273,"domain":"forum.arbitrum.foundation","root_domain":"arbitrum.foundation"},{"url":"https://github.com/show-karma/reputation-scores","title":"GitHub - show-karma/reputation-scores: Reputation score calculation logic used for various DAOs in Karma","internal":false,"attachment":false,"reflection":false,"clicks":1,"user_id":12449,"domain":"github.com","root_domain":"github.com"}]},"bookmarks":[]}