ARB Staking: Unlock ARB Utility and Align Governance

[openzeppelin]

OpenZeppelin, as the Security Member of the ARDC, reviewed the proposed changes of ARB Staking: Unlock ARB Utility and Align Governance to inform participants in the snapshot vote.

We mainly highlighted two important factors regarding integration risks with the Tally Protocol and the general risks that come with LSTs. We made recommendations for how the community could address these risks should they decide to move forward with the ARB Staking Proposal. You can read our analysis in full here:

Security Analysis of Arbitrum Staking Proposal (ARDC Security Deliverable)

Abstract OpenZeppelin, the Security Member of the ARDC, reviewed the proposed changes of ARB Staking: Unlock ARB Utility and Align Governance in advance of the snapshot vote. This proposal aims to increase participation and delegation in the ARB ecosystem, by implementing liquid staked ARB. Arbitrum DAO voter participation has been steadily declining post launch. With the recent attempted/successful attacks on other large DAO’s (Compound, etc.), ARB governance is currently at risk of incurring …