I believe the Event Horizon proposal is worth supporting for a few key reasons:
First, it represents a genuine attempt to get more Arbitrum token holders actively participating in governance. The implicit delegation model leverages game theory to incentivize participation in an innovative way. If successful, it could uncover some best practices that benefit Arbitrum’s governance long-term.
Second, Event Horizon has already demonstrated with other major protocols that they can deliver strong engagement metrics like 30%+ voter participation. So while this would be a new experiment for our ecosystem, the team has a track record we can evaluate.
Third, the oversight committee provides a safeguard to veto any delegated votes if issues arise. This helps mitigate potential risks as we test out this new approach.
Some thoughtful suggestions have come in to clarify aspects of the proposal. The majority of those have been addressed, so I believe this experiment is worth pursuing. No governance system is perfect, and we should embrace opportunities to creatively evolve ours. A 1-year trial of this model could provide valuable insights.
For these reasons, on behalf of the ARB holders who delegated their voting power to me, I support this proposal at the Snapshot stage.