Name (organization or individual)
smealio / spectera technologies
Wallet Address or ENS
smealio.eth / spectera.eth
Tally Profile URL (create a profile here )
What area are you most interested in contributing to? choose up tot wo tags:
- Supporting Infrastructure
- Tooling, Improving protocol decentralization
Please share your stance on overall goals for the DAO:
I think that liquidity mining is second to protocol decentralization and stability. I think that developer friction and onboarding/offboarding is ALMOST as important as liquidity mining and thus I think that focusing on the technology, process, and people is likely the most important thing to be focusing on, and liquidity mining as a short second. I think the overall goal should be to foster innovation through proper vetting and delegation. The last thing needed is a poorly vetted proposal that begins to lopside the dao.
Sample Voting Issue 1:
- Uniswap planned to use Flipside to attract new users to Uniswap through bounties. Although the program outline and funding was fine, the proposal was contentious because it gave Flipside crypto too much control over allocating UNI to bounties and oversight of the entire program.
- For instance, Flipside had 3/7 seats on the allocation committee and 1/3 seats on the Oversight committee. There was also concern since none of the other analytics service providers were involved in the proposal.
- This proposal flew under the radar but at the 11th hour got very heated. Large votes from university clubs supported the proposal since they would get a seat on the allocation committee. However, Dune and Leshner spoke up about the issue because of the centralization of power and favor of one service provider.
Prompts to Answer:
- How would you vote?
I would vote against.
-
What amendments would you make to the proposal if any?
I would likely likley amend this proposal to include a phase-in or deferred seat allocation. It doesnāt make sense to commit 3/7 seats for a bounty protocol without proper representation. I think that is likely what brings DAOs down is that these things float under the radar and then get contentious in the 11th hour because it wasnāt properly lobbied and then it was viewed as an over commitment without merit. Perception is key. -
How would you approach the tradeoff between centralization of authority and the ability to get things done?
There lies the problem. The technology was probably properly there but the proper people and process were highly under implemented causing the wrong perception to be granted at the wrong time, which was too late in voting procedure. For DAOs to work, again at the cost of sounding like a broken record, people - process - technology have to be instantiated to carry the voting procedures through. It can be done but it takes dedication tooling and more to ensure the proper questions are represented up-front to not create noise later.
Sample Voting Issue 2:
Issue Overview:
FEI RARI Hack Reimbursement: In April 2022 Rari was hacked for 80M, a vote was passed to reimburse those affected. Then in May 2022 another vote to refund the Rari hacked was brought forward this time it was not passed.
Prompts to Answer:
Outside the flipping of the vote, how would you choose to handle this situation?
i.e should parties be reimbursed for an exploit or not? (Please choose one of the below options and then elaborate upon your reasoning)
no reimbursement but maybe a delayed reimbursement or split reimbursement
I suppose a split reimbursement is likely a good option. Here is reality though. This is going to happen without proper tooling and technology. I would be willing to vote delayed and/or split if it was proven, without reasonable doubt, that this was due to negligence of the technology implementation. If it was proven, through audit, to be beyond negligence, meaning an exploit occurred through some other means beyond human understanding (some under appreciated vulnerability) then I would vote NO as there is only the extent of human understanding. Againā¦a certified audit would be able to share how the exploit occurred.
Languages I speak and write:
English
Disclosure of Conflict(s) of Interest:
Diversity of opinions is critical to making progress and determining the future direction of the
Arbitrum ecosystem. We recognize and celebrate the fact that delegates will have diverse views and we both encourage and anticipate good-faith debates in the governance process. That being said, itās critical that all featured delegates are operating with Arbitrumās best interest in mind, so please affirm that you donāt have any conflicts of interest that would prevent you from using your best judgement to operate in the best interests of advancing the Arbitrum ecosystem.