Castle Delegate Communication Thread

[CastleCapital]

November 2024 votes

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Snapshot votings

Hackathon Continuation Program

Vote: For

Hackathon Continuation Program

We are in favour of this proposal, as we agree in principle with the need for such programs to effectively implement ideas from hackathons and stimulate innovation in the ecosystem. We’d like to see this fit a more long-term view with the creation of a process/framework for such incubation programs—making them accessible to everyone and aligning the interests with the Arbitrum DAO’s long-term vision.

Proposal for Financial Restitution For ArbitrumDAO Grant Winners

Vote: Against

Proposal for Financial Restitution For ArbitrumDAO Grant Winners

After much internal deliberation, we have voted against this proposal. It wasn’t an easy decision and one that we didn’t take lightly. The balance between our desire to ensure fairness for those within the Arbitrum community and setting a bad precedent made this an even harder decision. In the end, we voted against setting a negative precedent where compensation is made based on a dollar value when an ARB amount was committed.

Adopt a Delegate Code of Conduct & Formalize Operations

Vote: DNV

@CastleCapital

We are in FAVOUR of adopting a Code of Conduct to improve the operations of the Arbitrum DAO.

However, we share similar concerns that other delegates have highlighted.

In particular, we believe more information needs to be presented in terms of the clear procedures for monitoring and accountability, as well as “hard enforcement” (e.g., how to enforce a COI for a delegate, an organism, or a framework to proceed in case of malicious behavior). This is necessary to avoid situations where proposals have been approved and there is no designated entity to monitor - while anyone can bring a violation forward we believe it is important the incentives are aligned and we ensure the creation of an overall framework on this part as well.

Furthermore, there may be an issue around the re-delegation of voting power away from bad actors (who might have infringed the code of conduct or COI). Perhaps this could be analysed within the context of stARB and other delegator incentive mechanisms to link delegation and staking.

[Non-Constitutional] Treasury Management v1.2

Vote: For

@CastleCapital

The proposal addresses several pressing issues hindering the DAO’s efficiency and growth potential. By establishing the Treasury Management and Growth Management committees, Arbitrum DAO can strategically manage its assets to ensure operational stability and foster ecosystem expansion.

This proposal is a comprehensive and well-considered approach to optimizing the Arbitrum DAO’s treasury management. We at Castle are in favour of this, with some caveats:

1. We understand the need to appoint members with the right skills and experience to the specific committees. However, a process should be in place to propose and vote out committee members to ensure the governance process continues to be upheld.
2. Regarding the allocation of ARB and ETH now without a defined budget, we suggest a timeline be included in this proposal when the respective committees will revert with a budget breakdown and schedule for regular updates on planned budget utilization.
3. The plan for converting ARB tokens into stables should also be a point for the committee responsible to revert to the DAO prior to execution.
4. How will the committees under Treasury Management be aligned with other initiatives?
5. There should be a performance component to the Committee compensation and not solely be reliant on a fixed fee… we want to ensure the committee is incentivized to achieve the best possible result for the funds managed

This proposal proposes too many shortcuts, and more needs to be detailed out and verbalized to mitigate and potentially address potential risks by selecting this path forward. We look forward to a response clarifying the above concerns.

Hackathon Continuation Program

Vote: For

Hackathon Continuation Program

We are in favour of this proposal, as we agree in principle with the need for such programs to effectively implement ideas from hackathons and stimulate innovation in the ecosystem. We’d like to see this fit a more long-term view with the creation of a process/framework for such incubation programs—making them accessible to everyone and aligning the interests with the Arbitrum DAO’s long-term vision.

Proposal for Financial Restitution For ArbitrumDAO Grant Winners

Vote: Against

Proposal for Financial Restitution For ArbitrumDAO Grant Winners

After much internal deliberation, we have voted against this proposal. It wasn’t an easy decision and one that we didn’t take lightly. The balance between our desire to ensure fairness for those within the Arbitrum community and setting a bad precedent made this an even harder decision. In the end, we voted against setting a negative precedent where compensation is made based on a dollar value when an ARB amount was committed.

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Tally votings

(V2) Arbitrum Research & Development Collective

Vote: For
Confirming snapshot vote

Establishing a DAO Events Budget for 2025

Vote: For
Confirming snapshot vote