After consideration, the @SEEDgov delegation has decided to vote “Collect bids in ETH to the treasury” on this proposal at the Snapshot vote.
Rationale
In the first instance, we welcome the socialisation with the DAO of the gains of those who capture MEV without creating changes to the user experience.
However, having read ARDC’s comparison of Timeboost to other transaction ordering policies, and ARDC’s risk analysis of Timeboost, we would like to highlight the importance of post-implementation monitoring. Without reporting, the DAO will lack the necessary tools to be able to follow the outcome and drive changes in the pre-established parameters. Just to give an example, the reservePrice parameter can be modified to avoid collusion at the auction stage, without active monitoring of bids it will be difficult for the DAO to mitigate these risks in a timely manner.
Finally, we agree with @WintermuteGovernance:
This option gives the possibility to decide in the future what to do with the revenue coming from Timeboost and since there are currently active discussions on Treasury Management/Diversification as well as a working group on ARB Staking has been created, we believe it is best to decide the fate of this revenue flow in the context of these two verticals.