Voting Rationale: Dec-6-12th, 2024
Snapshot
Entropy voted 60% for Trail of Bits and 40% for OpenZeppelin. It is amazing to see two of the most respected auditors in the industry applying for the ARDC, both of which we are confident would bring value to the DAO if elected.
OpenZeppelin has repeatedly proven to be a key member of the Arbitrum DAO and their familiarity with Arbitrum governance would allow them to hit the ground running immediately. Additionally, establishing Arbitrum DAO as Trial of Bits’ first ever DAO engagement is an exciting opportunity. While Trail of Bits may have a bit of an onboarding period, we believe the company’s extensive knowledge of the Arbitrum codebase and network of clients will be of immense value to the Arbitrum DAO.
Entropy voted 70% for Nethmind and 30% for Vending Machine. We believe that both of these firms have extreme competency and will do a great job at the role. We appreciate that Nethmind’s initial scope of work is focused on incentives and treasury management and that having them as a resource on these subjects will be of immense value.
Entropy decided to ABSTAIN from the ARDC V2 Research election as a perceived conflict due to several of the team members’ previous employment at Blockworks Research.
ARDC (V2) Supervisory Council Election
Entropy voted 33% equally for Frisson, JamesK, and Pedro for the Supervisory Council Communications role.
Arbitrum D.A.O. Domain Allocator Offerings) Grant Program - Season 3
Entropy decided to ABSTAIN on extending the Domain Allocator Offerings (Prev. Questbook Program) for a third season. The program has served as an important complement to the Foundation’s grant program and other Arbitrum DAO initiatives. We believe that the DAO needs community-led grants and its an invaluable workstream within Arbitrum governance. That said, we need to raise the bar. With over $600K in OpEx, the expectation of the program should be professional and the role of DA should be close to a full-time role. Additionally, results from the first program have shown that the structure requires more diligence as well as checks and balances. While we fully support continuing with DA grant funding, we would like to see significant changes between Snapshot and Tally, and look forward to working with JoJo to ensure this happens.
[NON-CONSTITUTIONAL] Arbitrum Onboarding V2: A Governance Bootcamp
In its current state, Entropy decided to vote AGAINST the V2 of the Arbitrum Onboarding program. However, we’d like to state that this was not in any way due to lack of confidence in the proposal authors and executing members, but rather our belief that the core framing of the proposal should be adjusted from simply increasing governance participation to focusing on how we get key stakeholders like protocols and/or funds more actively involved in DAO governance.
Looking at the key KPIs and objectives of the current program, we fear that requiring 20 analysts to comment and eventually create their own proposal will create redundant text that crowds the forum with more noise. There is currently a tremendous amount of activity and comments to sort through. Often, proposals are “supply” based and potentially not the highest priority items that delegates should spend immense time helping to get to a place where they can pass. That is not to say that new voices are not welcome or valuable, but from our team’s experience, it is better to have targeted “demand based” proposals and ensure the contributors involved are best-suited for that specific type of initiative.
This is all to say we are unsure if the proposal described will achieve the goal of getting more stakeholders caught up and involved in governance in the most optimal way.
We’d like to echo L2BEAT’s sentiment. Given their close familiarity with the program, we take their opinion on the matter as a significant influence: