A. Name (organization or individual): Savvy DAO (Organization)
B. Wallet Address or ENS: savvy-treasury-arbitrum 0x4f54Cab19B61138e3c622a0bD671C687481eC030
C. Tally Profile URL: Tally | @SavvyDeFi
D. What area are you most interested in contributing to? choose up to two tags:
- DeFi development on Arbitrum
- Improving Governance participation
E. Stance on “Overall Goals for the Arbitrum DAO”:
The Arbitrum DAO should champion progressive decentralization, echoing our ethos. These are based on the Savvy DAO Guidelines (Commonwealth) where we aim to cultivate an environment where self-regulation thrives through both on-chain and off-chain avenues.
- Empower the Community: Emphasize community-driven proposals and voting, ensuring every member feels integral to the DAO’s direction.
- Sustainable Incentivization: Prioritize long-term ecosystem growth over traditional liquidity mining, aligning with the broader vision of the Arbitrum chain.
- Collaboration Over Competition: Foster synergy and collaboration, leveraging the collective strength of the Arbitrum chain.
- Innovation and Technical Excellence: Stay at the cutting edge, from integrating new layers to supporting diverse programming languages.
- Holistic Ecosystem Growth: Beyond incentives, focus on projects that contribute to the Arbitrum ecosystem’s comprehensive growth, weighing each decision against its long-term impact.
In essence, the Arbitrum DAO should be a beacon of innovation, growth, and collaboration, inviting all to partake in shaping the future of the Arbitrum chain.
F. Sample Voting Issue 1:
How would you vote?
Against
What amendments would you make to the proposal if any?
Drawing from the collective insights of the delegates, I’d propose reducing Flipside’s seats on the allocation committee and expanding the oversight committee to five seats, retaining Flipside’s single seat. This ensures a balanced representation without giving undue influence to one entity. Additionally, a staggered rotation for electing members to the committees would be introduced, allowing the community to reassess and make changes as needed.
How would you approach the tradeoff between centralization of authority and the ability to get things done?
The essence of a DAO is decentralization. While efficiency is crucial, it shouldn’t come at the cost of centralizing power. Introducing layers of delegation, periodic elections, and activity requirements can strike a balance. Delegation with accountability ensures that while tasks are efficiently executed, the broader community’s interests remain at the forefront.
G. Sample Voting Issue 2:
Outside the flipping of the vote, how would you choose to handle this situation?
Full Reimbursement
Please elaborate on what instances you believe it is right to refund and which are not.
The DAO’s decisions should be binding and consistent. If a vote for reimbursement was ratified, it’s essential to uphold that decision to maintain trust within the community. However, it’s also crucial to set clear precedents. While early adopters and supporters should be protected, it’s vital to ensure that the DAO doesn’t set an expectation of risk-free returns. Compensation mechanisms, like debt-like instruments or vested tokens, can be explored to align long-term interests and ensure the platform’s continued success post-incident.
H. Languages we Speak and Write:
Savvy DAO has members from all over the world that are fluent in the following languages:
- English
- Spanish
- Russian
- Arabic
- Hindi
Savvy DAO’s Disclosure of Conflict(s) of Interest Answer:
Savvy DAO is a decentralized organization with a foundational commitment to the Arbitrum ecosystem. Our operations and growth are deeply intertwined with the success of Arbitrum, and our primary objective is to enhance its decentralized and community-driven nature. As a DAO, our decisions are made through our multisig treasury wallet, which requires a consensus among signers. Furthermore, our vast community of $SVY token holders, who are also active Arbitrum users, play a pivotal role in shaping our stance on various proposals. This is achieved through both formal voting mechanisms and informal community feedback channels. While we are dedicated to the Arbitrum ecosystem, we ensure that our decisions are made without bias and in the best interest of the broader Arbitrum community. We are, first and foremost, representatives of this community.