Entropy Advisors Delegate Communication Thread

Governance Delegate Statements
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Delegate Address: 0xb4c064f466931B8d0F637654c916E3F203c46f13
Forum Handle: @Entropy
Team Member Handles: @MattOnChain, @swmartin, @pruitt
Website: https://entropyadvisors.com/
Twitter: x.com/EntropyAdvisors

About Us

At Entropy, we believe that effective coordination within DAOs is a prerequisite to crypto delivering on its promise of a globally accessible internet of value. As the leading scaling tech stack, we view Arbitrum as best primed to deliver on this vision and have therefore committed to work exclusively with the Arbitrum DAO. Our team is composed of crypto natives, with previous experience at Blockworks Research and 404 DAO.

Delegate Statement

Our primary objective for the Arbitrum DAO is to ensure that the Arbitrum tech stack becomes the most widely adopted infrastructure in the entire blockchain ecosystem. We envision a world where investors, users, and developers focus on contributing to the Arbitrum ecosystem without even making the conscious decision to do so, primarily because the network effects have grown so exponentially that “Why Arbitrum?” is no longer a question being asked. We believe the Arbitrum tech speaks for itself in practice, and that with proper stewardship and contributions to the Arbitrum DAO, the aforementioned question will turn into “Why not Arbitrum?”.

We are interested in contributing to all areas of the Arbitrum ecosystem as needs arise, but will be focusing on improving governance participation as well as tooling and protocol decentralization. The Arbitrum DAO is Entropy Advisors’ only customer, which is not something many other Arbitrum delegates can tout today. Our employees have extensive experience in research and have been active across numerous DAOs in the past, but have identified Arbitrum as the most promising technology stack and want to put all of our time, effort, and collective brainpower into ensuring the sustainable growth of the ecosystem – powered by the Arbitrum DAO.

Put simply, we believe in a diverse and highly capable delegate base, a DAO that is sustainable through diversified and robust revenue streams, responsible and carefully calculated spending that encourages the growth of the ecosystem, a highly intellectual group of service providers that can effectively execute on tasks on behalf of the DAO, and measures for accountability/processes that can stand the test of time.

Conflicts of Interest

Entropy Advisors often authors or is directly involved in several proposals within Arbitrum DAO. As a delegate, we acknowledge that there will likely be instances where it will be a conflict of interest for us to vote on a proposal. Going forward we will be abstaining from Snapshot and Tally votes that directly place Entropy in a position of power.

In general, our team will lean towards overcommunication and abstaining in the event of any other perceived conflicts of interest.

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Voting Rationale: Sept 11-19th, 2024

Snapshot

ArbitrumDAO Off-site

Entropy Advisors has hosted delegate events in the past and has plans to do so at future conferences. Therefore, we voted ABSTAIN due to what we view as a possible conflict of interest. We have ranked our choices in the following manner:

Based on our team’s experience hosting events, the outlined budget appears high, especially for the online option. This influenced our rankings, which are placed from lowest to highest cost.

Terms of Tenure for STEP program manager

Entropy has voted FOR additional funds for one year as it is vital that Arbitrum DAO honors its commitments with service providers and is viewed in a professional manner. The STEP program is one of the most high-profile and successful DAO initiatives to date. Making sure that it can operate effectively through its intended term should be a priority. We have ranked our choices in the following manner:

Constitutional AIP: Proposal to adopt Timeboost, a new transaction ordering policy

Entropy has voted FOR collecting bids in ETH. Our team has previously commented about the benefits of adding ETH to the treasury over burning ARB. Arbitrum DAO should take the long-term approach and set itself up to be well capitalized for the coming decades. Additional ETH in the treasury can be leveraged to earn yield or attract strategic growth partnerships.

[Aave DAO] LTIPP Grant Extension Request

Entropy has voted AGAINST Aave’s LTIPP extension request, primarily because allowing Aave to continue to run incentives would unfairly increase the cost of capital for its competitors on Arbitrum who are unable to run incentives in return. Additionally, with the Incentive Detox proposal passing a temperature check, we feel it is best for the DAO to turn its focus to designing a proper, well structured program for the future.