Hello world! This is where we’ll be posting updates for the Arbitrum DAO community to see what we’ve been working on since receiving the delegation for the following year. Feel free to leave any questions here as well. And be sure to mint a Voter Pass if you haven’t already.
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Updates – October 29, 2024
AI proposal summaries
A brief summary for each proposal can now be found next to every proposal. We’re looking to expand this MVP into something more comprehensive, including forum debate/discussion summaries.
Tutorial
When a user minted a pass, they weren’t able to immediately vote as their pass was minted after all currently active proposals’ snapshot were taken. This would require users to mint the pass, then come back in a few days when a new proposal was live, and then learn how to vote. We’ve since changed that. Now when a new user mints a Voter Pass they are walked through a brief tutorial to get them familiar with how the protocol works. We’ve already noticed a significant uptick in user retention as a result of this change.
Rationale Capture
To expand on maximally impactful participation, a rationale capture flow has been integrated into the metagovernance process. This includes AI-generated options as well as the ability for the voter to create a custom response. The team is exploring a model by which we can replace the AI-populated responses with the custom responses of actual voters. Should a custom response creator have a highly selected rationale by other voters, rewards will be considered.
Backend and code refactoring
We have completed a migration and upgrade of our database which was much needed to improve the storing of additional Snapshot proposals for Arbitrum. This has significantly improved data speeds leading to a better user experience.
A lot of other bits-and-pieces have been worked through; server code refactoring, improved logging and data capturing, and general maintenance.
Metrics
Total voter authority mobilized
Since the proposal, the Event Horizon community has mobilized over $204,000,000 in cumulative voting authority across various proposals and DAOs, up from $89,000,000. $56,800,000 of that was mobilized for Arbitrum specifically. That’s over $56m of voting power given to the community, $56m which was previously not participating in governance.
Average voter turnout
The typical voter turnout prior to receiving the delegation was about 7 voters with Gitcoin Pass. The last 5 proposals the Event Horizon DAO community voted on was 15.2 or an increase of 117% in average number of voters.
Voter Pass mints
Since the passing of the proposal, we’ve gone from 521 Voter Pass holders to 583 Voter Pass holders. That’s an increase of 12% of Voter Pass holders without any social media or marketing efforts.
While we’re proud to welcome new members of the community we want to aim for much higher. That’s why our primary focus going forward will be user growth. The more voters and potential delegates we can bring to Arbiturm the better. For that reason, we’re looking to expand the team with a Growth Lead to maximize Event Horizon’s reach, to grow our socials, voters and to foster an active community which leaves constructive rationales on proposals. More on that below.
Roadmap
Delegate training boot camp
We’re partnering with UPenn’s FranklinDAO to start onboarding new delegates to the space. As a part of their semester-long educational program, about 60 students will get up to speed on all things crypto. Part of this will involve learning about how DAOs and governance works. Event Horizon will slot in by providing voting power to these students, collecting voting rationales, and outputting a post-program delegate report card. The intention of the program is to train new delegates and provide an off-ramp to outstanding participants which includes durable individual VP.
Rationale providing contests
As a part of our goal of onboarding not only new voters but also new delegates. We’re looking to get those who do vote to start posting rationales, hopping in community calls, posting on forums, etc. This will be one of the main responsibilities of our new growth (specifically community) support additions to the team.
AI proposal summaries
As mentioned above, we’re looking to expand the MVP we currently have available for proposal summaries. This would include summaries of Arbitrum Forum debates/discussions. The goal is for the end user to be able to get up to speed on not only what the proposal is saying, but more importantly what the community is saying.
We’re hiring!
As mentioned above, our top priority is growing the community. To that end, we’re looking to add a Growth Hacker to the Event Horizon DAO core team. This may even end up requiring two people. We received over 600 applications and have been diligently working through them all.
Call to action: mint your free Voter Pass!
If you haven’t done so already, be sure to mint a free Voter Pass. It takes a few seconds and allows you to vote with a more substantial amount of voting power. All proposals, be it Snapshot or Tally, are in our unified front end. We’re looking to add more forum integrations in the future too.
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Updates – December 4, 2024
The team grew
We made two new hires! Both on the growth side, specifically community and socials. They are getting spun up this week, so expect the fruits of their labors to trickle in over the coming months ahead.
Discord revamp
We did a total revamp of our Discord to facilitate easier proposal discussion and to have a seamless landing pad for each new community member. While the community is still in early days, we already had a team drop a proposal asking for feedback from the community.
Meaningful votes have gone up
The number of meaningful voters, voters with over $100k of voting power, has increased in the Arbitrum ecosystem by 40% thanks to Event Horizon. We’re now pushing around 18 meaningful voters per proposal.
Voter pass mints are up
There are now 610 voter passes minted. That’s up 5% since the last update and that’s before our marketing efforts kicked in.
More voters
We’re now seeing upwards of 18 voters per proposal.
Delegate bootcamp with FranklinDAO
We’re spinning up the delegate bootcamp with @PennBlockchain club members. These individuals will be not only getting used to voting with meaningful authority, but also leaving forum and proposal feedback, both of which we will manually filter and post the most value-adding contributions to their respective forum threads. Those with the most valuable contributions will be spotlighted to the Arbitrum community by us at which point we’d ask the Arbitrum DAO to delegate small starter delegations to get the most promising micro-delegates a delegation of their own. This is part of our initiative to go beyond just voting. We will look to expand this beyond FranklinDAO to the broader community. @krst
Twitter reactivated and growing
After a brief hiatus, we’ve spun up our Twitter again with the help of our new hires. This has helped us cross a big threshold of over 1000 Twitter followers. Our tweets are getting a little over 10 likes each which is solid engagement. While not ultimately the main KPIs relevant for Arbitrum, this is a large part of the top of funnel for new prospective voters and discussion/rationale contributors.
Roadmap
Contests and giveaways
We will start doing monthly contents and give aways to incentivize thoughtful forum and rationale contributions. We will manually be doing a screening of these and only post those which pass our quality check. We’re intentionally doing things that do not scale at this stage as solving arguably the problem in DAOs (lack of meaningful participation) will take time and effort as we continue to drop more pieces of the pipeline into place.
AI voting agents
We’re exploring the option to have users be able to spin up AI voting agents which will vote on their behalf and in line with a user’s priorities (e.g. revenue to the DAO, funding public good initiatives, decentralization, etc.) The idea is that most of DAO governance is automated except this “last mile” of actually commenting on and voting on proposals, although voting alone will likely be the initial focus. 500 AI bots voting with their owners’ volition just might be more valuable and representative of the community than 20 voters manually doing it, even permitting a less than perfect expression of volition. This is early stages and something we want to work with the community on in the scoping and potential implementation thereof.
Community call
We’ll be hosting our first community call next week, look out for it on the Arbitrum calendar. There we’ll be discussing these updates, growth strategies, and AI voting agents.
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Hi!
There are no Arbitrum votes in Snapshot.
Just a couple of weeks ago everything was fine. Can you explain?
I see only Optimism and AAVE, but we have 3 votings right now in Arbitrum.
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Arbitrum proposals are stored in a subspsce.