Proposals: Arbitrum Multi-sig Support Service (MSS)
Vote: For Implement MSS with Report
Rationale: We will vote in favor of the MSS proposal with the additional report, as we believe this initiative will significantly enhance the overall efficiency of the DAO’s financial operations.
While several concerns have been raised by other delegates, they have already been addressed
We also believe that the additional report will promote transparency and facilitate better decision-making within the community. However, we would appreciate more detailed information about the report’s price breakdown and how the allocated funds will be spent.
Proposals: Kwenta x Perennial: Arbitrum Onboarding Incentives
Vote: For
Rationale: After reviewing the proposal and considering the feedback from the community, we have decided to vote in support of the 'Kwenta x Perennial: Arbitrum Onboarding Incentives proposal. Our decision is based on the following key points:
- Kwenta is a significant Dapp in the Optimism ecosystem, known for its robust perpetual trading platform with a high number of DAU and its volume.
- Supporting Kwenta’s onboarding to Arbitrum will increase competition among perpetual platforms within the Arbitrum ecosystem. This competition is likely to drive innovation, leading to better services and products for users, and instead of choosing one winner in the Arbitrum ecosystem by funding this.
- The proposal will facilitate the onboarding of Kwenta’s user base from other chains to Arbitrum, bringing new users and liquidity to our network. This influx will enhance the overall liquidity and activity on Arbitrum, benefiting all participants in the ecosystem.
The collaboration between Kwenta and Perennial will accelerate the onboarding process and ensure its effectiveness.
Proposals: Election of STEP Program Manager
Vote: 50% for steakhouse.financial 50% for Avantgarde.finance
Rationale: Thank you to all the candidates who applied for this role.
We have decided to cast our vote 50% in favor of Avantgarde Finance and 50% in favor of Steakhouse Financial for the Arbitrum STEP Program Manager position.
Steakhouse Financial’s extensive experience with DAOs, advanced Arbitrum analytics, comprehensive monitoring, and proactive thought leadership align closely with the needs of the STEP program. Avantgarde Finance’s significant expertise in Web3, on-chain diversification strategies, and close work with top DeFi protocols also make them an excellent fit.
Proposals: [NON-CONSTITUTIONAL] Pilot Phase: Arbitrum Ventures Initiative
Vote: Against
Rationale: Thank you for coming up with the Arbitrum Ventures Initiative proposal. We appreciate the effort and vision behind this proposal. However, we are considering voting against it at this time because it seems to be overlapping with some ongoing initiatives, such as the M&A pilot group and the upcoming GCP. Additionally, there are already IRL events like GovHack at ETH CC (Brussels) that ArbitrumDAO is funding. Given these existing commitments, we believe further discussion is needed to avoid redundancy and ensure efficient use of resources. We suggest waiting to see the results and challenges from these initiatives to improve and develop a better methodology for this initiative.
Proposals: Pilot Stage – Treasury Backed Vaults research and development
Vote: Against
Rationale: The idea is very interesting; however, after reviewing this proposal, we have decided to vote against it based on the following rationale:
- Using the savior module requires putting ARB as collateral. Given the volatile nature of the crypto market, this exposes the DAO to significant risk. A rapid drop in the ARB price would necessitate adding more ARB as collateral, potentially straining the DAO’s resources.
- While this proposal offers stable funding for grantees, it disproportionately places the risk on the DAO. The grantees benefit from stable funds, but the DAO bears the collateral risk.
- We would like to see a clearer plan on how the debt will be repaid.
Vote: Against
Rationale: After carefully reviewing the proposal and considering the feedback from other delegates, we have decided to vote against it at this time due to the following concerns:
- High Budget Request: The budget requested for this proposal appears to be quite high. We believe that nearly half a million dollars is excessive for this initiative. Is it possible to lower the cost? We recommend revisiting the budget and exploring ways to reduce expenses while maintaining the proposal’s core objectives.
- Traction: The proposed website aims to streamline information access and raise awareness, but we already have a foundation website and other social media platforms that many users are accustomed to. We have concerns about the traction this new website will gain. Additionally, we would like to understand the KPIs for this initiative. How will the success of this program be measured?
Despite these concerns, we are open to further discussions and are willing to reconsider our voting if adjustments are made. We are eager to help refine the proposal to better align with our expectations and ensure its success.
Proposals: Multisig Support Service (MSS) Elections
Vote: 12.5% for PGov, 12.5% for JoJo, 12.5% for Griff Green, 12.5% for Cattin, 12.5% for Sinkas, 12.5% for StableLab, 12.5% for Disruption Joe, 12.5% for Frisson
Rationale: We have chosen the candidates we believe are the best fit for the MSS committee. Our selection is based on their demonstrated expertise, experience, and contributions within the Arbitrum ecosystem and other DAOs. Below are the candidates we are voting for, along with our reasons for their selection:
@Sinkas - We have seen his contributions and would love to see him continue contributing to the DAO.
@Matt_StableLab - Governance OG with strong Arbitrum grant program experience.
@Frisson - Highly involved and hardworking in Arbitrum.
@Griff - We have seen great inputs from Griff, so we believe he’s suitable for this role.
@cattin - Very active delegate, and his management of the delegate incentive program has been smooth so far.
@PGov is A very good delegate who fits this position well in terms of making decisions and providing excellent inputs.
@JoJo - He has managed various programs from Arbitrum and did an excellent job, so we believe he will be a great fit for this role.
@DisruptionJoe - Joe has been very helpful in the DAO, and his leadership in leading working groups has been excellent. We believe he will be a great fit for this position.