The following reflects the views of L2BEAT’s governance team, composed of @krst, @Sinkas, and @Manugotsuka, and it’s based on their combined research, fact-checking, and ideation.
We are voting FOR the proposal.
As per our previous comment, we’re generally in favor of straight-up reducing quorum to mitigate the difficulty in meeting it as a short-term fix. Ideally, and for the long run, we need to organically increase participation from token holders, either in the form of delegation or direct governance participation.
Also, it’s important to highlight that, as also suggested by the Arbitrum Foundation, if we are to assume a stable rate of unlocks, the amount of ARB required for quorum will be roughly the same as it was in April, given the time it takes for the proposal to go through the entire governance process.