Name: ChainLinkGod
Wallet Address or ENS: chainlinkgod.eth
Tally Profile URL: Tally | ChainLinkGod
What area are you most interested in contributing to? choose up to two tags:
- Supporting Infrastructure
- Tooling, Improving protocol decentralization
Please share your stance on overall goals for the DAO:
Layer-2 rollups are central to addressing one of the many fundamental problems that prevent blockchains from achieving global adoption: scalability (high transaction throughput while maintaining a low verification cost). With Ethereum being the most secure and decentralized smart contract platform, it is the natural home-base for rollups, but like with any other nascent technology, there are improvements to be made, bugs to fix, and growth strategies to be deployed. Hence the necessity of rollup upgradability, which implicitly means rollup governance, which means a DAO. Such a DAO needs to faithfully oversee upgrades to Arbitrum itself (approve changes from supporting development firms), support economic growth initiatives to expand its network effects (via token subsidies), and support a long-term economically sustainable ecosystem (via user fees and DAO treasury operations).
Sample Voting Issue 1:
- How would you vote?
Against
- What amendments would you make to the proposal if any?
Change allocation committee to 1/7 instead of 3/7 from Flipside. Move to quarterly payments versus bulk yearly payments. Reconsider if subsidizing a data analytics provider is a necessary move in a ecosystem where multiple well-funded data analytics providers already exist.
- How would you approach the tradeoff between centralization of authority and the ability to get things done?
There is no universally correct approach when it comes to decentralization and centralization in terms of governance, particularly when it comes to smart contract parameters, it’s simply what is the right tool for the right job. DAOs are optimized for slower moving and economy based decisions, such as when it comes to the allocation of resources (subsidies / treasury) and when a diverse viewpoint is required. Multi-sigs of trusted members (or tangentially related DAO elected ‘board of directors’) are more optimized for emergency actions to protect users and more efficiently decisions from members who are usually much more deeply involved the systems they manage than the average token holder. Right tool for the right job.
Sample Voting Issue 2:
Outside the flipping of the vote, how would you choose to handle this situation?
This depends on how much of a hit a community wants to take their treasury in the short term versus extending long term payments. Would push towards split/hybrid reimbursement, cover a portion of user loses with treasury funds and issue debt token that represents the rest of the debt owed, providing a liquid market. Pay down on debt token via buy-backs over time with priority of funding source deriving from protocol revenue and treasury funds as a backstop. Provide option for DAO to vote for for full redemption if and when protocol treasury is a perceived strong state.
Languages I speak and write: English
Disclosure of Conflict(s) of Interest:
I am a Chainlink community ambassador, but I speak and vote solely based on my own personal viewpoints and perspective.