Delegate Statement Template

Governance
934

Name: L2BEAT :heartpulse: (organization)

Website: l2beat.com
Twitter: @l2beat
Wallet Address or ENS: l2beatcom.eth

Tally Profile: Tally | l2beatcom.eth

Areas of interest:

  • Supporting Infrastructure
  • Tooling, Improving protocol decentralization

Please share your stance on overall goals for the DAO:

Hi, we’re L2BEAT, an independent, impartial watchdog for the Ethereum scaling community. Our mission is to provide comprehensive and unbiased analysis and comparative evaluations of Layer 2 solutions within the Ethereum scaling landscape. Our goal is to help users better understand how different Layer 2 technologies work and the risks associated with them by digging deep into the code and on-chain transactions. We are committed to the verification and fact-checking of the claims made by each project, with a special focus on the security aspects.

https___l2beat.com_scaling_projects_arbitrum - Arbitrum One – L2BEAT, 078 screenshot
https___l2beat.com_scaling_projects_arbitrum - Arbitrum One – L2BEAT, 078 screenshot1440×1347 189 KB

In addition, we actively participate in constructive discussions of specific protocol challenges and issues, fostering the discourse toward increasingly permissionless, open source, and trustless systems. Our participation in various Decentralized Autonomous Organizations (DAOs) and public debates reflects this commitment.

We recognize that governance is a critical issue undergoing experimentation in the current context. The processes and precedents we establish today will significantly influence the organizational structures and systems of the future. Consequently, we view our engagement in governance as a professional responsibility, and our team is dedicated to addressing governance and policy issues.

By maintaining our independence and impartiality, L2BEAT is dedicated to fostering transparency, trust and innovation in the Ethereum scaling community. Together, we aim to contribute to the development of secure, efficient, and user-friendly layer 2 solutions that will shape the future of blockchain technology.

We assert that governance involves much more than the act of voting; it revolves primarily around fostering constructive dialogue and facilitating the healthy exchange of opinions and viewpoints in order to reach consensus on specific issues.

Therefore, we recognize the establishment of a robust platform for constructive debate as the primary goal and challenge for the Arbitrum DAO. This goal is especially important when considering the oversight role of the Arbitrum DAO in the broader Arbitrum Layer 2 ecosystem.

Sample Voting Issue 1:

We would vote: For

Proposed amendments:

  1. Establish oversight mechanisms within the DAO, by having an elected DAO member(s) to supervise this process. Appointing elected representatives to supervise the utilization of funds would help with accountability, not making it a responsibility of the whole DAO.
  2. Introduce regular feedback and reporting cycle. Enforcing consistent reporting and feedback cycles would help the DAO remain informed and updated on the progress and performance of the collaboration with Flipside.
  3. Ensure that the elected supervisors are answerable to the DAO. They should be required to report their findings and assessments to the DAO, thereby maintaining transparency and accountability.
  4. Grant supervisors the authority to halt funds distribution in cases of misuse.
  5. Empower the DAO to revoke the supervisor’s mandate and elect a new one.

How would you approach the tradeoff between the centralization of authority and the ability to get things done?

In our view it’s not necessarily a tradeoff, as DAOs we need to incorporate delegation mechanisms from traditional organizations.

Sample Voting Issue 2:

We would vote: Full Reimbursement

We are leaning towards a full refund because that was the outcome of the first vote. To have it questioned sets a dangerous precedent and shatters confidence in the DAO’s decision-making process. Having said that, we find this particular case to be very interesting and a good example of how the current governance mechanisms do not have the proper tools in place to make the right decisions. Jumping to a vote way too early leads to contentious vote results and creates more problems than it solves.

Languages I speak and write:
English, Polish

Disclosure of Conflict(s) of Interest:

We are delegates and governance participants in other protocols in the L2 space (including Optimism, Hop Protocol).

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