Proposals: AIP-1: Arbitrum Improvement Proposal Framework
Vote: Against
Rationale: The AIP-1 proposal is too broad, encompassing various contentious and non-contentious topics in a single vote. There’s a lack of communication regarding pre-allocation of funds without community approval. The selection criteria and processes for Arbitrum Foundation’s directors and the Data Availability Committee are unclear.
Proposals: AIP 1.05: Return 700M $ARB to the DAO Treasury
Vote: Against
Rationale: We appreciate the efforts put forth by @thiccythot in coming up with this proposal but after we carefully examined the implications of the proposal and considering some of the issues raised by other delegates, Curia remains dedicated to our primary goal for the Arbitrum DAO: fostering sustainable growth, decentralization, security, and transparency. With this commitment in mind, we will be voting against AIP-1.05 for the following reasons:
- Avoiding unnecessary complexities: The proposal seeks to empower governance token holders but introduces extra steps and complications that could hinder progress. The return of 700M ARB tokens and subsequent buyback adds operational overheads and potential legal implications. Our focus should be on cultivating collaboration between the DAO, the Foundation, and other stakeholders for efficient resource allocation and growth of the Arbitrum ecosystem.
- Preventing trust erosion: The proposal’s intention to reverse decisions made by the Foundation or service providers might lead to trust erosion in the governance process. A balance of power and cooperation between different parties is crucial for the long-term success of the ecosystem.
- Learning from past mistakes: Recognizing past errors and working towards a better future is essential. The Foundation has demonstrated commitment to improving communication and decision-making processes, as evidenced by AIP-1.1 and AIP-1.2. Supporting these efforts and concentrating on future growth is more productive than dwelling on past mistakes.
- Respecting private agreements: Revealing the terms of the market-making deal with Wintermute could establish a negative precedent for future business relationships. Respecting the confidentiality of existing agreements and ensuring that the DAO can effectively work with private entities is crucial.
In conclusion, we believe that voting against AIP-1.05 serves the best interests of the Arbitrum ecosystem. It is vital to prioritize growth, collaboration, and trust-building among all parties, consistent with our dedication to the Arbitrum DAO and its community, rather than participating in power plays that could ultimately hinder the ecosystem’s progress.
Proposals: AIP-1.1 - Lockup, Budget, Transparency
Vote: For
Rationale: We vote in support of this proposal because it addresses our major concerns by dividing the proposals and providing a detailed budget breakdown for the 750M ARB in the Administrative Budget Wallet. The creation of a DAO-controlled vesting contract aligns with our suggestion in AIP 1. We also appreciate the provision allowing the DAO to discontinue funds if the bi-annual transparency reports show the Foundation is failing to meet its KPIs.
Proposals: AIP-1.2 - Foundation and DAO Governance
Vote: For
Rationale: We vote in support of the proposal, primarily due to key factors such as: the extension of AIP approval time to one month for better discussion, lowering the required votable tokens for proposing an AIP from 5 million to 1 million, enabling DAO to request funds from the Administrative Budget Wallet, and defining the authority of the DAO to replace or modify directors and the Data Availability Committee. However, concerns are expressed about lack of clear selection criteria for these positions and potential issues with the paperwork’s terminology, particularly regarding the definition of the “Arbitrum DAO” and the “Token”. Despite these concerns, the belief is that future votes can rectify these issues.
Proposals: AIP-2: Activate support for account abstraction endpoint on One and Nova
Vote: For
Rationale: We support this proposal, as the work was already completed by Offchain Labs, and the immense benefits that AA brings to the Arb Ecosystem
Proposals: Arbitrum DAO Grants - Delegated Domain Allocation by Questbook
Vote: For
Rationale: We support this proposal, as the Questbook has shown to have extensive knowledge plus they have a good track record providing tools for communities like Compound and Celo to run their grant program.
Proposals: AIP - 3 [Non-Constitutional] Fund the Arbitrum Grants Framework Proposal Milestone 1
Vote: For
Rationale: The initiative to fund the Arbitrum Grants Framework is a positive step towards the decentralization and growth of the Arbitrum ecosystem. @DisruptionJoe and the Plurality Labs team reflects a keen understanding of the current challenges faced by DAOs and the solutions offered are both thoughtful and innovative. We see great potential in a pluralistic funding framework. It’s not only a complement of previously passed QB grant programs but also paves the way for innovation and experimentation on pluralistic grant programs which we’d like to support. By establishing systems for visibility, evaluation, project-sourcing, and coordination, it can provide tangible benefits to the ecosystem.
Proposals: Proposal: Accelerating Arbitrum - leveraging Camelot as an ecosystem hub to support native builders
Vote: Abstain
Rationale: We abstain from voting on Camelot’s grant proposal for liquidity incentives because of several key concerns. Firstly, the anticipated implementation of comprehensive grant frameworks such as those from Pluralistic Labs and QuestBook will soon offer standardized evaluation, fostering transparency, fairness, and integrity, and it’s deemed prudent to wait for these frameworks before considering major grant proposals. Secondly, Camelot’s comparatively low efficiency, as evidenced by the Volume/TVL ratio, raises questions about the rationality of providing liquidity incentives. Thirdly, with Arbitrum’s significant organic growth without incentives, the need to allocate substantial resources to liquidity incentives is questioned, suggesting a reallocation to stimulate innovation. Fourthly, the potential negative impact on competition and the setting of a bad precedent are worrisome. Lastly, support is expressed for a more inclusive proposal that encompasses multiple DEXs. The suggestion to use existing ARB funds from Camelot for liquidity incentives adds to these concerns, leading to the decision to abstain from the proposal.
Proposals: Proposal: Update Security Council Election Start Date to Ensure Time for Security Audit
Vote: For
Rationale: For, as it’s a minor date adjustment.
Proposals: AIP 6: Security Council Elections Proposed Implementation Spec
Vote: For
Rationale: We support this proposal because it strengthens the election process for Arbitrum Security Council members by enhancing security, transparency, and timeliness. Additionally, it aligns with constitutional guidelines, ensures compliance, and fosters a balanced and accountable governance structure.
Proposals: Proposal to onboard Matrixed.Link as a validator for Arbitrum
Vote: Against
Rationale: We lean towards not supporting this proposal in its current form. Matrixed.Link’s dedication to the Arbitrum ecosystem is evident, and their experience as a validator is commendable. However, a significant aspect seems to be missing. A comprehensive account of Matrixed.Link’s performance as a Chainlink node operator is essential, considering the critical role validators play in safeguarding the Arbitrum One chain’s security and integrity. Before casting our vote in favor, we’d appreciate some deeper insights into their Chainlink node operations.
Proposals: [1IP-40] StableLab Grant Request for developing a 1inch DAO Constitution
Vote: Yes
Rationale: We support this proposal because StableLab track record shows competence and commitment to 1inch governance. The pay-on-submission model ensures we only fund completed work.
Proposals: Building the Future of NFTs: The Rarible Protocol - Arbitrum Integration
Vote: For
Rationale: We are supportive of the proposal to integrate the Rarible Protocol with Arbitrum One. This partnership could be a milestone in Arbitrum’s journey for several compelling reasons: Keeping Up with Competitive Dynamics & Nurturing the Developer Ecosystem The landscape for layer-2 solutions is increasingly competitive. Arbitrum must not only maintain its lead but also innovate to attract developer talent. This proposal does precisely that by enriching our NFT development infrastructure, thereby enhancing the overall developer experience. The integration with Rarible offers a suite of tools that could significantly reduce barriers to entry for aspiring NFT developers on Arbitrum. The availability of a robust SDK, indexer, and order book will provide a comprehensive solution for those looking to create and trade NFTs. Accelerating NFT Growth Arbitrum currently lags in NFT activity, which is another big segment of the crypto market. The partnership with Rarible will draw more builders to our ecosystem. Rarible’s existing one million monthly active users and large social media following could provide the needed catalyst for this growth, attracting not only new NFT creators but also a larger user base for Arbitrum. Reasonable Fund Amount Request The proposal requests $100,000 from the Arbitrum DAO treasury, a small percentage compared to the treasury budget. Importantly, the proposal comes with a clear timeline and well-defined deliverables, adding a layer of accountability. This investment seems minor when weighed against the potential benefits of increased developer activity and user growth that could lead to new revenue streams from on-chain transactions. In summary, we strongly believe that this proposal aligns well with Arbitrum’s strategic objectives and will deliver both immediate and long-term value to our community.
Proposals: AIP 6: Security Council Elections Proposed Implementation Spec
Vote: For
Rationale: We support this proposal because it strengthens the election process for Arbitrum Security Council members by enhancing security, transparency, and timeliness. Additionally, it aligns with constitutional guidelines, ensures compliance, and fosters a balanced and accountable governance structure.
Proposals: Time Management in Arbitrum’s Governance
Vote: For
Rationale: We’re voting in favor of scheduling all Snapshot votes to commence on Mondays for several key reasons: 1. Streamlined Governance: This proposal helps streamlined the governance process, allowing participants to allocate their time effectively and concentrate on each proposal. 2. Predictability & Transparency: A consistent schedule enhances both transparency and predictability, empowering the community to better prepare for upcoming votes. 3. Ease of Implementation: Given that there are no technical or financial barriers, this proposal can be swiftly enacted without straining resources. 4. A Good Starting Point: This proposal serves as a foundational step toward a well-organized governance structure. It opens the door for future iterations and fine-tuning to further improve Arbitrum’s governance framework. Overall, I am convinced that adopting this schedule will contribute to a more organized, and transparent governance framework, thereby benefiting the Arbitrum community as a whole.
Proposals: AIP-7: Arbitrum One Governance Parameter Fixes
Vote: For
Rationale: We’re voting in favor for the following reasons: 1. Airdrop distributor fee sweep address: Changing the sweepReceiver to the DAO Treasury to align with governance architecture documentation makes sense. 2. Sequencer Gas Fee Reimbursement Parameterization: The proposed changes correct inaccuracies in fee calculations, ensuring the sequencer is fully reimbursed. This is crucial for the network’s long-term health. 3. L1 Core Governance Timelock scheduleBatch Bug: The upgrade fixes an error-prone implementation, improving reliability in L1 to L2 operations. Additionally, the proposal has been audited by Trail of Bits with no issues found, boosting our confidence in its security. In summary, AIP-7 addresses fundamental issues in the Arbitrum One system, enhancing its efficiency, security, and governance. Therefore, I support its implementation.
Proposals: Domain Allocator Election for the Education, Community Growth and Events Domain
Vote: Cattin (SEED Latam)
Rationale: Cattin and the team from SEED Latam, in alliance with Layer 2 en Español and LayerX, present a robust, community-oriented, and structured approach to the Domain Allocator role for the Education, Community Growth, and Events Domain in the Arbitrum DAO. With a team spanning multiple Latin American countries, they bring a rich, multicultural perspective and a collective will, aiming to build and maintain a grant request pipeline through open communication, regular outreach, comprehensive documentation, and a review committee from their diverse communities. Their detailed, transparent rubrics, focusing on aspects like project team experience, region and scope, and sustainability, promise an objective and consistent evaluation of grant proposals, ensuring alignment with domain objectives such as prioritizing hackathons, educational content, and community growth initiatives. The team not only assures flexibility to collaborate with other domain allocators and the program manager but also prioritizes community feedback by establishing clear communication channels and being receptive to constructive criticism. Their structured, inclusive, and transparent approach positions them as a strong candidate, poised to foster a thriving, diverse, and educational ecosystem on Arbitrum.
Proposals: Domain Allocator Election for the New Protocol Ideas Domain
Vote: Jojo
Rationale: JoJo, applying for the Domain Allocator in the “New Protocol Ideas” domain, brings a wealth of practical and strategic experience from their tenure at JonesDao, a core Arbitrum protocol, where they have been instrumental in designing and implementing innovative products on the platform. With a rich background as a volatility trader and strategist, JoJo not only brings technical expertise but also a keen eye for identifying and nurturing new ideas in the crypto space, particularly in exploring the untapped potentials within derivatives and options, which they have identified as a pivotal area for exploration and development on Arbitrum. Their bullish stance on projects that prioritize and experiment with derivatives, coupled with a clear vision for what constitutes a compelling grant proposal—articulating target audience, implementation strategy, liquidity sourcing methods, and addressing technical challenges—speaks to a structured and insightful approach to grant allocation. While JoJo doesn’t have specific experience with grant programs, their expertise in assessing teams and projects, and their commitment to dedicating at least 15 hours per week to the role, promise a dedicated and insightful stewardship.
Proposals: Domain Allocator Election for the Dev Tooling Domain
Vote: Juandi
Rationale: Juan Diego Oliva (Juandi) presents a robust candidacy for the Developer Tooling Domain Allocator role in the NOVA domain, backed by a blend of entrepreneurial and technical expertise in the web3 space. As the CEO and Co-Founder of Alcancía, a self-custodial wallet infrastructure for underbanked Latin Americans, and a recognized entity in the space with financial backing from notable web3 investors, Juandi has navigated through partnerships with major financial entities like Banco BBVA and integrated into significant remittance networks like UniTeller. His hands-on experience in developing a dApp, addressing challenges in DevTooling, and documentation, particularly in mobile frameworks, and his advocacy for enhancing developer relations and community symbiosis, underscore his understanding of the developer ecosystem. Juandi’s vision for the domain focuses on leveraging NOVA’s capabilities towards promoting high-scalability dApps in diverse areas like gaming, social dApps, DeFi, and NFTs, with a structured and detailed approach to evaluating grant proposals. His commitment to a swift turnaround time and a clear declaration of conflict of interest further solidify his dedication to transparency and effective domain allocation. Juandi’s multifaceted experience and clear, inclusive vision position him as a candidate capable of fostering a supportive and innovative development environment on Arbitrum.
Proposals: Domain Allocator Election for the Gaming Domain
Vote: Adam (Flook)
Rationale: Adam (Flook) got experience, notably as the founder of Merlyn Labs and a contributor to Arbitrum’s Treasure ecosystem, has showcased a clear mastery in developing games and navigating the intricacies of blockchain game development, evidenced by his collaborations with major gaming studios like Atari and Volta. His expertise stands out among other candidates not just in creation but in understanding the nuanced challenges and opportunities within the blockchain gaming space, positioning him as a supportive pillar for grant applicants throughout and beyond the funding journey. Despite the modest value of grants in each Domain, we resonate with Adam’s vision of championing a diverse array of dedicated game developers to not only enrich the existing gaming ecosystem on Arbitrum but also to attract new participants and gaming aficionados.
Proposals: Arbitrum Short-term incentive Program
Vote: Up to (25M > 50 M > 75M) ARB
Rationale: The Arbitrum Short-term Incentive Program proposal is a well-considered initiative aimed at fostering growth within the Arbitrum ecosystem through a community-engaged, merit-based distribution of incentives. It allows for an experimental venture to understand incentive distribution better and gather data for future strategies. Our preference in the ranked-choice voting is Up to 25M ARB > 50M ARB > 75M ARB, as starting with a smaller budget allows for a cautious assessment of the program’s impact. This prudent approach promotes an iterative evaluation to optimize the incentive program, ensuring effective resource utilization while encouraging network growth, increased user engagement, and generating insightful data for subsequent incentive programs, aligning well with the broader objective of cultivating a thriving, innovative Arbitrum ecosystem.
Proposals: Arbitrum as official sponsor of Ethereum Mexico 2023
Vote: For
Rationale: This promotes Ethereum edu. in Mexico, strengthens Arbitrum’s presence, and offers valuable exposure and engagement opportunities for Arb.
Proposals: AIP 9: Arbitrum Short-term Incentive Program
Vote: For
Rationale: Great initiative, we think starting small as we assess its performance would be better and would help us iterate a better incentive program.