DRIP is an incentive program for attracting liquidity directly from users.
Out of 80 million ARB, only 63.7 million ARB remain; they’ve only actually completed one of the four planned seasons. They were supposedly revising the program to accommodate a new strategy. The downside is that they’ve been significantly delayed, and the ARB value is currently at a minimum.
It could be extended, since there are no salaries, and the ARB is still there; no one is asking for new ones.
(I voted FOR this DRIP last year.)
The OAT’s job is to hold the OpCo accountable, so we put most of our weight behind independent candidates with the fewest conflicts of interest.
Manoj Desai got the largest share — he’s the cleanest on conflicts, and his work is focused on delegate participation and accountability, which is exactly what this committee deals with. Alex Netto came next: a strong governance-security record (Blockful, the ENS Security Council) and consistent work against over-centralization. We spread the rest across Varit Ruangsiri and Zeptimus (steady, transparency-focused work), Pedro Breuer (the least-conflicted sitting member, for continuity), and a smaller share to Jojo, who knows the DAO well.
We didn’t support Patrick McCorry or A.J. Warner — one is tied to the Foundation, the other is CSO of Offchain Labs. An accountability committee shouldn’t include the parties it’s meant to oversee.
Vote: Weighted
Manoj Desai 25% / Alex Netto 20% / Varit Ruangsiri 15% / Zeptimus 15% / Pedro Breuer 15% / Jojo 10%
Platform: Snapshot
Fast Feed is a paid, authenticated data stream that gives subscribers an earlier view of the sequencer’s already-ordered transactions. 97% of the revenue goes to the DAO Treasury and 3% to the Arbitrum Developer Guild.
We voted FOR. It’s a new revenue stream for the DAO at no cost to the treasury — Offchain Labs covers the development and the Trail of Bits audit. The revenue split and the RewardDistributor contract are the same ones already approved and running under Timeboost, so this isn’t new ground.
The key point for us: the feed only publishes data after ordering has been set by the sequencer. Subscribers get an earlier look, but they can’t frontrun, sandwich, or change ordering — it’s an information product, not an ordering privilege. Pricing is permissionless and EIP-4844-style, so buying up all the tickets becomes exponentially expensive and monopolization isn’t rational.
One concern worth noting: Offchain Labs holds the MARKET_PARAMS_SETTER role for two years, which is some operational centralization. But the DAO keeps DEFAULT_ADMIN and BENEFICIARY_SETTER and can override or revoke at any time. We’ll review the Trail of Bits audit and confirm the deployed contract matches the spec before the on-chain vote.
Temp check on four fixes to the SC election process: 2-year cohorts instead of 1, candidate threshold down to 0.1% from 0.2%, and key rotation for both candidates and members.
Longer cohorts and a lower threshold cut down on election fatigue; the threshold drop is just a correction as supply grows. Key rotation has sensible safeguards (Foundation veto + 3-day buffer for candidates, SC veto + 18-day timelock for members). Trail of Bits audit with fix review is done.
Fixed version of ArbOS 60 (two gas-refund bugs touched the STF, so it needed a new version; same scope, One/Nova were never on 60). For One and Nova it does two things: raises the Stylus contract size limit from 24 KB to 96 KB (Stylus only, no Solidity/EVM impact, clear win for Rust teams), and adds a BaseFeeManager letting Offchain Labs move the min L2 base fee within 0.01–0.10 gwei without a full vote each time.
The base-fee delegation is the part worth watching, but the guardrails are fine: tight range, expires in 2 years, every change announced on the forum, DAO can revoke anytime, audited by Trail of Bits. Good that Dynamic Pricing is not activated and the special OCL pricing rights were dropped. AltDA API, compliance filtering and priority fees ship disabled on One/Nova. No cost to the DAO.
On-chain vote now, after the temp check (#245). Same four fixes: 2-year cohorts instead of 1, candidate threshold down to 0.1% from 0.2%, and key rotation for candidates and members.
Longer cohorts and a lower threshold cut down on election fatigue; the threshold drop is just a correction as supply grows. Key rotation has sensible safeguards (Foundation veto + 3-day buffer for candidates, SC veto + 18-day timelock for members). Trail of Bits audit with fix review is done. The on-chain payload moves no funds, it’s a single ArbSys execution on the standard constitutional path.