A. Name: Farstar (Organization)
B. Wallet Address or ENS: 0x820b2872ad423C0B1223E5A0a6C1167758174023
C. Tally Profile URL: Tally | @Farstar
Team members on the forum: @ana.vc @lino
D. What area are you most interested in contributing to?
- Public Goods funding
- IRL Arbitrum community gatherings
E. Please share your stance on overall goals for the DAO:
Arbitrum DAO is championing progressive decentralization which heavily resonates with Farstar’s approach and ethos. We believe the DAO is well-positioned to integrate community-driven initiatives and support on turning them into highly impactful programs. Our stance on the overall goals for Arbitrum DAO include the following suggestions that we believe should be a priority:
- Pragmatic approach to problem definition and implementing solutions. Progressive decentralization comes with its own coordination challenges and approaching complex situation with a healthy dose of pragmatism should be the DAO’s default mode of operation.
- Implementing robust sustainable incentive mechanisms with a long term outlook on ecosystem growth to ensure that the DAO community is enabled propose and actively work on various strategic initiatives.
- Fostering a strong culture of collaboration to leverage the collective strength of Arbitrum’s community.
- Developing a dynamic venture ecosystem that supports the ecosystem expansion and enables the increased revenues for the DAO by supporting strategic use cases and unlocking markets for long-term network growth.
Arbitrum DAO should be a key enabler of growth, support and collaboration enabling the community to have a meaningful role in the future of Arbitrum chain.
F. Sample Voting Issue 1:
-
How would you vote?
Against -
What amendments would you make to the proposal if any?
We would propose reducing Flipside’s seats on the allocation committee and structuring the oversight committee as a governing body (a board) with 5 seats (Flipside retains 1) to ensure balanced representation without unilateral influence. All seats should be elected and rotated to ensure that the community has the right to reassess and remove members as needed. -
How would you approach the tradeoff between centralization of authority and the ability to get things done?
Speed of execution and ability to get things done is crucial in our industry, however, this should never be done at the expense of centralization that has enormous long term implications. Introducing org design where working groups can dynamically form around defining a problem and actively working on a solution that can then dissolve once the issue is resolved is crucial. This can be enhanced with layers of delegation and periodic elections.
G. Sample Voting Issue 2:
Outside the flipping of the vote, how would you choose to handle this situation?
Full Reimbursement. DAO’s votes set precedents and they should be consistently implemented once they’ve been ratified. DAO voting is an activity that carries massive responsibilities for the entire ecosystem and if votes cannot be consistently implemented once ratified this would introduce a lack of trust in the system that would only open up the DAO to further attacks. While early supporters should be protected, it’s vital to create a shared understanding of the risks involved. A reimbursement campaign that cannot be issued without compromising the stability of the organization can be restructured with the implementation of compensation mechanisms delivered over time ensuring long-term alignment.
H. Languages I speak and write: Our core contributors are fluent in English and Bulgarian, and Farstar as organization has a network of 100+ contributors globally.
Disclosure of Conflict(s) of Interest:
Farstar is an organization committed to progressive decentralization with foundational commitment to Arbitrum. Alongside Arbitrum DAO, we have been contributing to RnDAO, an organisation historically aligned with Arbitrum. Our core contributors are currently active only in the governance of RnDAO and Arbitrum DAO. We are committed to alerting the community prior to any changes to this.