Constitutional AIP: Proposal to adopt Timeboost, a new transaction ordering policy

Timeboost is going to take Arbitrum DAO to the next level. Absolutely stoked for this one! I still need to dig into the technicals, but I am obviously supportive of this initiative… as I am sure most community members will be.

In reference to the below:

I believe it is a no brainer to collect the fees in ETH and send the proceeds to the treasury where they can be leveraged to earn additional yield into perpetuity. I understand people want ARB utility ASAP, but I firmly believe that we can build up a treasury worth 10s of billions of dollars of ETH and Stables over time. Once we reach that point, I will be in favor of protocol revenue share with token holders through some type of mechanism.

I believe it is extremely important for the DAO to have a longterm mindset on these types of issues rather than rushing to share profit or burn ARB tokens during our early stage growth phase. Do we really want to be in a situation where we enter a bear market with a treasury w/ 99% of its assets in ARB with no inherent staking yield, and minimal yield opportunities / liquidity when compared to ETH? Or do we want hundreds of millions (and eventually billions) of dollars of ETH and Stables that can earn at minimum the ETH staking yield and US short term treasury yield?

To me, the answer is obvious. I want Arbitrum to be well capitalized over the coming decades, rather than essentially buying our token at a valuation that has a ton of speculative premium priced in and sending it to an EOA that no one controls or benefits from…

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