[CONSTITUTIONAL] Proposal: For Arbitrum DAO to register the Sky Custom Gateway contracts in the Router

Proposals
64

thats awesome to be honest great idea

65

I’ve decided to vote in favor. I see no issue with registering them to the Router as it happened also with Rari. It seems like the integration has already been audited and green lighted so let’s push it live!

66

The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas. It’s based on their combined research, fact-checking, and ideation.

We are voting FOR the proposal.

The request to register the Sky Custom Gateway contracts in the Router contracts so Arbitrum’s bridge can support USDS and sUSD seems straightforward and non-contentious. We’ve supported a similar proposal in the past (upgrading bridge configuration for RARI), and since ChainSecurity and Cantina’s audits didn’t find any issues, we don’t see a reason to vote against it.

One thing we’d like to bring up again, just as we did during the RARI vote, is that we should have a more streamlined process for making such adjustments and not require a fully-fledged constitutional vote. Perhaps we can figure out a solution where a trusted group, similar to Uniswap’s accountability committee, can handle such adjustments.

3 Likes
67

maybe the security council? after a successful offchain vote? I think this should be technically possible, no?

68

Technically it would be possible, of course, but I’m not sure if it’s a good idea to extend the scope of responsibilities of the Security Council. Definitely a good topic for a broader discussion.

3 Likes
69

gm, voting FOR - excited to improve the UX and support for the Sky Ecosystem.

This resonates strongly with a challenge we faced when working with Offchain Labs to add ERC7281 (crosschain token standard) support to the Arbitrum Bridge, a feature requested by multiple LRTs and other major token issuers.

The main issue: each token requires individual review to be added to the Arbitrum Ecosystem Router. We’ve been looking for ways to shift this burden and accountability from OCL to the DAO.

I’d fully support developing a governance solution for this.

Thanks

70

We support registering the Sky Custom Gateway contracts in the Router to enable USDS and sUSDS bridging via the Arbitrum Bridge UI. This enhances UX for users accessing SKY’s stablecoins and Spark’s upcoming liquidity and savings features, which will boost Arbitrum’s DeFi ecosystem with slippage-free stablecoin liquidity and yield opportunities. The audited Sky Custom Gateways ensure security and flexibility, aligning with Arbitrum’s growth goals at no direct cost to the DAO. We’ll vote “For” to enable this seamless integration.

71

A bit OT here but we are moving in a world in which we need a technical DAO solution for

  • bridging related stuff like this one
  • adjustment of timeboost parameters that are in the hand of the sequencer operator but should fall in the laps of the dao
  • likely other things coming up.

Just food for thoughts

1 Like
72

I’m voting FOR this proposal on snapshot

SKY (formerly Maker) is the leading protocol issuing crypto-backed stablecoins (USDS). They have immense liquidity on the mainnet, and this UX improvement will make it easier for users to bring that liquidity to Arbitrum. It’s a no-brainer.

73

Voting For. Any steps we can take to reduce fractionalization is important, and at no cost to the DAO it’s really a no-brainer to approve. With Offchain willing to support, voting yes.

74

We support this proposal. The fact that this has no additional cost but also brings more users to Arbitrum due to the additional bridging to USDS means there is little downside, but a sizable upside that generates additional benefits for both the DAO and the average user.

  • BoredApe90
75

We vote FOR the proposal on Snapshot.

As stated in our comment, we have no issue with the registrations of USDS and sUSDS tokens in the Router contracts. Also stated in the original comment and raised by other delegates, we would like to see a more streamlined process of requesting registrations of the tokens in the Router contracts in the future, but it’s not affecting the integrity of this proposal.

1 Like
76

As in @web3citizenxyz representation. Voting FOR. Below the rationale:

1 Like
77

I voted FOR in favour of the proposal. Sky’s launch of USDS and sUSDS on Arbitrum is a win for both Arbitrum and Sky. Adding the Sky Custom Gateways for USDS and sUSDS to the Arbitrum Bridge UI will ensure users receive the official token versions and enjoy an experience as seamless as bridging other tokens. In addition, since Sky Custom Gateways are designed to handle new tokens or upgrades in the future, it should benefit both Arbitrum and Sky long-term. With Spark’s upcoming launch of Spark Liquidity Layer and Spark Savings, this could draw more users and activity to Arbitrum. Those users may rely on the Arbitrum Bridge UI, so it would be beneficial if those users did not face any complications. There are no direct additional costs associated with the implementation, the audits by ChainSecurity and Cantina (with no issues found/only 2 informational findings), and formal verification by Certora; I do not see any reason to be against this proposal.

1 Like
78

DAOplomats voted FOR this proposal on Snapshot.

The proposal to register the Sky custom gateway appears straightforward, with the DAO retaining the ability to update the gateway if needed. Additionally, we recognize that the audit was conducted by reputable organizations, further reinforcing our confidence in the proposal.

Also, given that OCL is aware of this initiative, we were comfortable supporting it.

1 Like