Name : huda (individual)
ENS : huda7077.eth
Tally Profile URL Tally | huda7077.eth
im most interested in contributing to: NFT development on Arbitrum & Improving Governance participation
Please share your stance on overall goals for the DAO:
eg â how aggressive should we be in liquidity mining, what is the goal of the DAO?
The goals of a DAO can vary depending on the nature of the organization and its members. Generally speaking, DAOs are designed to facilitate decentralized decision-making and provide a transparent and equitable platform for members to participate in governance and decision-making.
Regarding NFT development on Arbitrum, it is a specific area of focus for your DAO. NFTs (Non-Fungible Tokens) are a type of digital asset that represent ownership or proof of authenticity of a unique item or piece of content. Arbitrum is a layer 2 scaling solution for Ethereum, designed to improve its performance and reduce transaction costs. By focusing on NFT development on Arbitrum, Our DAO may aim to leverage the benefits of both NFTs and Arbitrum to create new opportunities for creators and collectors in the digital art and collectibles space. This could include developing new platforms, applications, or tools to facilitate the creation, trade, and ownership of NFTs on Arbitrum.
Regarding liquidity mining, the aggressiveness of the strategy will depend on the DAOâs specific goals and risk tolerance. Liquidity mining involves incentivizing users to provide liquidity to a decentralized exchange (DEX) by offering rewards in the form of cryptocurrency tokens. While it can help boost liquidity and trading volume, it also carries some risks, such as impermanent loss and potential token price volatility.
The DAO should carefully consider its liquidity mining strategy and evaluate the potential benefits and risks before deciding on the level of aggressiveness. It may be beneficial to start with a more conservative approach and gradually increase the rewards as the liquidity on the DEX grows. Additionally, the DAO should be transparent in its decision-making and communicate any changes in strategy to its members.
Sample Voting Issue 1:
How would you vote?
What amendments would you make to the proposal if any?
- If I were to propose an amendment to the proposal, it would be to increase the representation of other analytics service providers on the allocation committee and the oversight committee. This would provide more diversity of thought and perspectives and reduce the likelihood of a centralized power dynamic.
How would you approach the tradeoff between centralization of authority and the ability to get things done?
- Regarding the tradeoff between centralization of authority and the ability to get things done, itâs essential to strike a balance between the two. Decentralized platforms like Uniswap prioritize decentralization and community governance, and any proposal that undermines these principles should be approached with caution. While itâs crucial to get things done, it shouldnât come at the expense of decentralization and community governance. A transparent and balanced decision-making process is crucial for the long-term sustainability of any decentralized platform.
Sample Voting Issue 2:
Full Reimbursement: If the hack was caused by a fault in the protocol, and the platform is responsible for the loss. Additionally, if the funds involved are significant and the hack was widespread, full reimbursement could help restore trust in the platform and prevent further loss. But, the decision to reimburse affected parties should be based on a careful evaluation of the situation, and a clear understanding of the root cause of the hack. Additionally, platforms should have clear guidelines in place to handle such incidents, and users should be aware of the risks involved in using decentralized platforms.
Languages I speak and write: English
Disclosure of Conflict(s) of Interest: -