Voting Rationale: Sept 13-19th, 2024
Snapshot
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.