Gauntlet Delegate Communication Thread

This will be the main communication thread for Gauntlet’s Arbitrum DAO governance votes both on Snapshot and Tally.

Snapshot Votes
Arbitrum Stable Treasury Endowment Program
Vote: FOR
We believe it is important for the Arbitrum DAO to diversify its treasury. Arbitrum’s $6B treasury is one of it’s most competitive assets. If managed properly the treasury can sustainably fund ongoing DAO operations, offer builders the resources they need to attract users, and serve as a means of bootstrapping DeFi liquidity.

This is a well thought out proposal which will help aid in both diversifying the treasury and attracting DeFi projects via liquidity. We are excited to support this proposal and future treasury diversification proposals.

ArbOS Version 20 “Atlas”
Vote: FOR
EIP-4844 has been a big piece of the excitement around ETH L2’s. It offers the possibility for gas costs on Arbitrum to get reduced even more and may allow for increased sequencer fees. We are excited for what this will help enable when implemented.

Batch Poster Manager and Sequencer Inbox Finality Fix
Vote: FOR
OpSec is an important part of crypto and hacks are too common. Any kind of irreversible hack to the Arbitrum protocol could be catastrophic for it’s long-term adoption. We appreciate this proposal’s efforts to reduce the security risk of Arbitrum by creating a “batch poster manager”.

Empowering Early Contributors
Vote: ABSTAIN
While we do believe it is important to empower and reward early contributors, it can be a tricky balance deciding who does and does not deserve rewards. We do not believe we are prepared to evaluate the contributions of these individuals, so we opted to abstain. If the community values their inputs and opts to rewards these individuals, we support that decision.

Tally Votes
Long Term Incentives Pilot Program
Vote: FOR
Incentives are a core piece of an ecosystem’s ability to grow. It is important for the Arbitrum DAO to deploy their treasury to help ecosystem projects in a responsible fashion. The LTIP is a step in the right direction for getting ongoing project incentives in place, that will rewards developers for coming to Arbitrum.

We encourage the DAO to maintain an analytical approach to their incentive programs, as we learn from these experiments and create positive ROI systems. We hope the committee in charge of LTIP takes time to learn from the STIP program and hones in on long-term value generative incentives for Arbitrum.

3 Likes

Snapshot Votes
Funding for Into the Dungeons
Vote: AGAINST
This is a major funding proposal and would be the first time the Arbitrum DAO gave a grant directly to a project. The proposal additionally is asking for the funds to be used for development rather than user incentives or other activity that will directly benefit the DAO. While we understand the importance of helping fund builders, we believe this proposal is a bit premature and would set a bad precedent for project funding.

We would encourage the DAO to continue developing a program to provide funding for gaming projects. It is becoming fairly clear that many of the funding streams are built primarily for the DeFi project lifecycle and gaming projects are struggling to get funding from the DAO. If Arbitrum wants to be competitive in gaming it will need to continue to work with gaming builders.

Tally Votes
Changes to the Constitution and the Security Council Election Process
Vote: FOR
We support this adjustment to the Security Council election process which will help make the elections fairer for all participants.

1 Like

Snapshot Votes
Funding for Plurality Labs Milestone 1B
Vote: FOR
We have been excited to see Joe’s involvement in the Arbitrum DAO. He has helped set a culture of action and we are seeing the impact of his early work for the DAO. We are happy to support this continuation of his efforts and see what comes next.

ARDC Research Member
Vote: Blockworks/Delphi 100%
Blockworks and Delphi have both been active in the Arbitrum DAO and have strong research teams. We believe that between the choices, they are best positioned to help answer the most pressing questions for the DAO.

ARDC DAO Advocate
Vote: L2Beat/Ant Federation
L2Beat’s impact in the Arbitrum DAO is seen by all. We are happy to have both L2Beat and Ant Federation helping guide the DAO in the role of DAO Advocate.

ARDC Security Member
Vote: 39.4% OpenZeppelin, 30.3% Trail of Bits, 30.3% Zellic/Debaub
While there are many great options for this category (which is a great signal for the Arbitrum DAO), we wanted to limited our vote to 3 options vs. voting for all of the great firms that have applied. We have seen the OpenZeppelin’s work first hand in the Compound DAO and are excited to see their activity in the Arbitrum DAO. We collaborated with Trail of Bits on the Arbitrum Coalition proposal and feel strongly about their quality of their work and understanding of the Arbitrum DAO. Finally, we were also excited to see the collaboration and thoroughness of the Zellic/Debaub proposal and believe more service providers should look to provide similarly thorough, yet concise, service offerings in their proposals.

ARDC Risk Member
Vote: ABSTAIN
Since there was not an option to abstain in this vote, we are opting to not vote as we have a conflict of interest with Chaos.

Fix Fee Oversight
Vote: 1. Set L1 Surplus Fee and L2 min, 2. Set only min L2 base see, 3. Set only L1 surplus fee, 4. Set neither and cancel
We are excited to continue supporting to integration of EIP-4844 into the Arbitrum ecosystem and believe this upgrade will help advance us along that path.

Tally Votes
Arb OS 20 Atlas
Vote: FOR
EIP-4844 will be a major step for Arbitrum to continue leading the market in gas fees, while also enabling the DAO to generate more income. We are in favor of all the technical upgrades being done to enable this integration.

Snapshot Votes
Fund Continuation of the Arbitrum DDA Program
Vote: FOR
It is important for builders to have multiple streams to which they can apply for funding. This enables specialization around different funding types as well as increased likelihood of success in winning developers to the Arbitrum ecosystem. We believe Questbook has been an effective funding stream for the Arbitrum DAO and that builders have suffered from not having access to the DDA Program over the last few months. We are happy to support this proposal and see builders get access to funding streams.

Tally Votes
Fund Plurality Labs 1(B)
Vote: FOR
Plurality Labs has been very hands-on with the Arbitrum DAO and incredibly willing to adapt to the needs of a sometimes ambiguous organizational structure. We are pleased with their ability to get multiple fire starters up and running, while also decentralizing control of these initiatives within the community. We believe it is important for the Arbitrum DAO to continue to fund Plurality Labs’s work in fleshing out DAO operations.

Snapshot Votes
Front-end interface to force transaction inclusion during sequencer downtime
Vote: Abstain
There has been a lot of conversations about the proper way to implement this and believe the community did not properly reach consensus. While we are generally supportive of optimizations around the sequencer, we want to ensure proper community alignment, so we are abstaining.

Catalyze Arbitrum Gaming
Vote: For
We are very excited to see the development of funding streams for gaming within the DAO. Initial programs for STIP, backfund, and LTIP have not been structured to properly attract gaming projects. Arbitrum will need a diverse ecosystem of builders in the long-run if it wants to survive. We believe this is a well-balanced proposal that offers longer-term value capture for the DAO and will help get builders bought into the Arbitrum ecosystem.

Expand Tally support for Arbitrum
Vote: FOR
Tally has built crucial infrastructure for the crypto governance ecosystem. We are happy to see deeper support for Arbitrum on the Tally platform.

Tally Votes
Arbitrum Stable Treasury Endowment
Vote: ABSTAIN
This proposal had some subtle but not insignificant changes implemented in between the Snapshot and Tally vote. We do not support this approach to governance and believe there should have been more transparent conversations before the proposal was submitted with revisions. Despite this lapse in process, the changes ended up being relatively minor, so we opted to abstain rather than vote against. In DAOs, it is not just the result, but how you get there that matters.

Security Council
Vote: OpenZepellin - 2M, Certora - 2M, Zellic - 2M, Fred - 2.01M
We are happy to support OpenZepellin, Certora, and Zellic for the Security Council as they are three of the leading cybersecurity firms in the Arbitrum ecosystem and larger blockchain ecosystem. We additionally supported Fred, as he is one of the most knowledgable people on the Arbitrum tech stack and deeply aligned with the Arbitrum ecosystem.

Snapshot Votes
LTIP Council Recommendations
Vote: FOR all Council Recommendations
We opted to vote in-line with all of the LTIP council recommendations. We believe they put a lot of time and effort into reviewing these proposals. They did a good job of getting projects to update their proposals and selecting impactful projects for incentives.

Tally Votes
Fund Continuation of the Arbitrum DDA Program
Vote: FOR
In line with our snapshot vote, we believe that Questbook has been an effective funding stream for the Arbitrum DAO and are happy to support it’s continuation.

Snapshot Votes

Delegate to Voter Enfranchisement Pool — Event Horizon
Vote: For
Event Horizon has developed a unique product that allows for users to feel a larger buy-in to the DAO’s operations, without having a large personal delegation. We can see a path where more high quality delegates emerge within the DAO via their participation in Event Horizon’s delegation.

Subsidy Fund for Security Services
Vote: 50% Do Not Fund, 50% 1 cohort of 8 weeks $2.5M fund
While we see the benefit in funding security audits for the ecosystem, we also find that many projects already have audits. We opted to split our vote between Do Not Fund and 1 Cohort of 8 weeks in order to minimize the initial spend of the program, while we evaluate the results.

Safeguarding Software Developers’ Rights & the Right to Privacy
Vote: Abstain
This proposal is not pertinent to the core issues of the DAO. We opted to Abstain rather than vote against in case the community opts to support this issue.

ACryptoS Protocol - Funding Approval for LTIPP [Post Council Feedback]
Vote: Abstain
We were not convinced by the changes to the proposal that ACryptoS would drive significant value to the Arbitrum ecosystem via their grant request.

Connext - LTIPP [Post Council Feedback]
Vote: For
Connext is a long-term builder in the blockchain ecosystem and has driven a significant amount of volume in the Arbitrum ecosystem. The updates to their proposal regarding offering up to 95% fee rebate to users bridging into Arbitrum (but not for those bridging out) will help create real incentives for users to choose Arbitrum. Their updated milestones also helps provide clarity around expectations.

Smilee Finance - LTIPP [Post Council Feedback]
Vote: Abstain
We agree with the reiterated comments of the advisor committee. This protocol is a bit too early and asking for too much grant funding for their size.

GovHack at ETH CC (Brussels)
Vote: For
We attended the GovHack event in ETHDenver and were pleasantly surprised with the quality of engagement it drove within the community. It is clear there has been an up-tick in community engagement and proposal creation. We would be excited to participate in a GovHack ETH CC.

CVI.Finance - LTIPP [Post Council Feedback]
Vote: Abstain
While we appreciate CVI reducing their grant request 50%, we still found their new milestones and grant request justification a bit hard to grasp.

Rage Trade - LTIPP [Post Council Feedback]
Vote: For
Rage Trade has demonstrated good market traction and offers a unique venue to onboard users to Arbitrum. With the 60%~ reduction in their grant request, we are happy to support this proposal.

D2 Finance - LTIPP [Post Council Feedback]
Vote: Abstain
D2 states their core objective is to drive TVL growth, but structured their milestones around volume traded. While their protocol appears novel, it is early and the difference in milestone structuring kept us from supporting the amended proposal.

Bedrock - LTIPP [Post Council Feedback]
Vote: For
Bedrock has been growing in the restaking scene and offers Arbitrum an opportunity to grow within that space. Their updated proposal includes a 50%~ reduction in grant ask and better details into distribution, which gave us the confidence to support.

Yearn Finance LTIPP [Post Council Feedback]
Vote: For
Yearn has been a staple of the defi ecosystem for many years now. Their proposal amends make it much favorable for the DAO: focusing on net-new flows, a more robust execution plan, and explicit milestones.

Deri Protocol - LTIPP [Post Council Feedback]
Vote: Abstain
Allocating 70% of the grant to trading rebates is an imprudent use of grant funds. Additionally, Deri is relatively early-stage and lacked a strong justification for their grant size.

Tradao - LTIPP [Post Council Feedback]
Vote: Abstain
We agreed with the committee’s concerns around the PMF of the project and it’s associated large grant size.

DODO LTIPP [Post Council Feedback]
Vote: For
Dodo has been a long-term builder in the space, reduced their grant request 50%, included clearer milestones for the grants, and demonstrated long term alignment with Arbitrum via an L3 chain.

Clipper - LTIPP [Post Council Feedback]
Vote: For
Clipper reduced their grant request significantly and added in specific milestones around user acquisition and growth. We are comfortable with these adjustments.

Synthetix - LTIPP [Post Council Feedback]
Vote: For
Synthetix has been one of the oldest perps platforms in defi and is currently one of the largest defi platforms in the Optimism ecosystem. Given the large reduction in their grant request and the change in guidance from the committee, we are comfortable supporting this proposal.

Grant Request - Curve Finance
Vote: For
While this proposal is off-cycle for the LTIP program, Curve is demonstrating strong alignment with the Arbitrum DAO by matching the grant request. Given the excess funds in LTIP, we are compelled to support this grant.

Sushi - LTIPP [Post Council Feedback]
Vote: For
Sushi has reduced their ask almost 50% and given better clarity about the planned use of funds. We are happy to support this proposal as it will help grow Arbitrum liquidity.

Buffer - LTIPP [Post Council Feedback]
Vote: Abstain
We remain in agreement with the committee’s recommendations.

Proposal for Approval of DeDaub as the ADPC Security Advisor
Vote: For
DeDaub has demonstrated good alignment with the Arbitrum ecosystem and the required skillsets for this role.

Pilot Phase: M&A for Arbitrum DAO
Vote: For
The Arbitrum DAO currently has a very large treasury. This can be a strategic advantage but needs to be managed properly. We are supportive of this initial pilot phase to help answer some of the questions the DAO still has around the execution of an M&A initiative; which can be notoriously difficult to execute via DAO governance and hard to quantify the impact of after the fact.

Tally Votes

Double-Down on STIP Successes (STIP-Bridge)
Vote: For
While the Arbitrum incentive process is getting convoluted, no project should suffer due to these complications. We are happy to support the continuation of the STIP program.

GovHack at ETH CC (Brussels)
Vote: For
We attended the GovHack event in ETHDenver and were pleasantly surprised with the quality of engagement it drove within the community. It is clear there has been an up-tick in community engagement and proposal creation. We would be excited to participate in a GovHack ETH CC.

Snapshot Votes

MUX STIP Bridge Challenge
Vote: Abstain
Mux has received a significant amount of incentive funding from previous programs and we feel the performance of their metrics post-incentives does not currently justify such a large grant ask. We have spoken with the Mux team and understand they have made updates to both their product and incentive strategy to hopefully improve the performance of their incentives. However, we understand Mux has been a core builder in the Arbitrum ecosystem for a while and are opting to abstain so we do not influence the community’s decision.

Stargate STIP Bridge Challenge
Vote: Approve
Stargate has demonstrated strong growth in onchain metrics and has appropriately sized their grant request.

Solv STIP Bridge Challenge
Vote: Approve
Solv has seen decent growth in their core metrics and is asking for a relatively small grant.

Sanko GameCorp STIP Bridge Challenge
Vote: Abstain
We do not feel comfortable evaluating the performance of Sanko GameCorp’s previous incentive programs and are opting to abstain.

Tide STIP Bridge Challenge
Vote: Abstain
There is ambiguity around the potential ROI of Tide’s current proposal, which is leading us to abstain. We would recommend them to include clearer forecasts and better explain how their previous programs will be carried out moving forward.

KyberSwap STIP Bridge Challenge
Vote: Abstain
We would encourage the team to provide a clearer set of KPIs for their future incentive proposals.

Gains Network STIP Addendum
Vote: Abstain
Gains has received a large amount of incentives from Arbitrum in the past, but has seen a drop off in TVL post incentives. We are not comfortable with the size of the proposal they are asking for given this performance. However, we understand Gains has been a core builder of the Arbitrum ecosystem for a while and are opting to abstain so the community can decide.

Boost (Prev. RabbitHole) STIP Addendum
Vote: Abstain
We are not certain whether Boost is improving the Arbitrum incentive program efficiency or allocating primarily to mercenary farmers.

Thales Protocol STIP Addendum
Vote: Approve
Thales has seen strong performance in their metrics and is asking for a relatively small grant size.

Savvy DAO STIP Addendum
Vote: Approve
Savvy has maintained their TVL relatively well post incentives, which makes us optimistic for their continuation. We would encourage the team to be highly cognizant of the concerns raised by the DAO during this process.

Stake DAO STIP Addendum
Vote: Abstain
We have concerns about the efficiency and sustainability of Stake DAO’s incentive programs.

Furucombo STIP Addendum
Vote: Abstain
Furucombo has been around the ecosystem a long time and benefited from past incentive programs, yet we do not see strong enough growth to justify continued incentive allocation.

Socket Bridge STIP Addendum
Vote: Abstain
Socket’s proposal was very minimal and did not give us the confidence needed to support.

Angle DAO STIP Addendum
Vote: Approve
Angle DAO has been a strong builder across the blockchain ecosystems. We are excited to see their continued investment in the Arbitrum ecosystem.

OpenOcean STIP Addendum
Vote: Abstain
We have concerns about the effectiveness of OpenOcean’s incentive program structure.

Thetanuts Finance STIP Addendum
Vote: Approve
Thetanuts has seen strong performance in their metrics.

Dolomite STIP Addendum
Vote: Approve
Dolomite has seen strong performance in their metrics.

Umami Finance STIP Addendum
Vote: Approve
Umami has seen strong performance in their metrics.

Arbitrum Multi-sig Support Service (MSS)
Vote: 1) For implementing & reporting; 2) For implement; 3) Abstain; 4) Against
This is an incredibly valuable service for the DAO that should both improve operational efficiency and reduce annual spending.

Streamlining the LTIPP Bounties
Vote: For
Gauntlet is very in-favor of proposal that improve the operational efficiency of the DAO. We believe this initiative will allow for the required research to improve the DAO’s incentive processes.

Kwenta x Perennial: Arbitrum Onboarding Incentives
Vote: For
Perennial has been a long-time builder in the Arbitrum ecosystem and is helping onboard Kwenta to Arbitrum. This is a great opportunity for the DAO to allocate incentives towards a user group from a different chain environment.

Tally Votes

Grant Request - Curve Finance
Vote: For
Curve is one of the oldest teams in DeFi and Michael is putting his money where his mouth is by matching the incentive program request. We are excited to see their continued investment in the Arbitrum ecosystem.

strong text# Snapshot Votes
Set up a Sub-Committee for the Security Services Subsidy Fund
Vote: Against
The Arbitrum DAO has elected a variety of committees already to handle procurement and security services. We are not sure what the purpose of this additional subcommittee is and why their funding cannot come out of the already approved funding.

AIP: Nova Fee Router Proposal
Vote: For
We are highly supportive of this proposal which will both programmatically allocate sequencer fees to the DAO treasury (minimizing governance operations moving forward) and ensure the treasury is best able to utilize its funds.

AIP: Activate Stylus and Enable Next-Gen WebAssembly Smart Contracts (ArbOS 30)
Vote: For
Stylus is one of the most exciting technical developments coming out of the Arbitrum ecosystem currently. There are many developers who do not currently build on blockchains because of friction around programming language requirements; as well as many who do not build on Arbitrum/Ethereum. This proposal will help make Arbitrum one of the most inclusive blockchain environments to build an application on.

AIP: Support RIP-7212 for Account Abstraction Wallets (ArbOS 30)
Vote: For
Crypto has long struggled with user onboarding due to the pains of wallet creation and key management. This proposal will allow users an easier to onboard to the blockchain and manage their wallet.

Election of STEP Program Manager
Vote: 50% Steakhouse / 50% Avant Garde
We have been able to interact with both Steakhouse and Avant Garde in Arbitrum and other ecosystems and respect their work. Either would be a great program manager for the STEP initiative.

Tally Votes

Front-end interface to force transaction inclusion during sequencer downtime
Vote: For
This proposal will help minimize the disruptions to users during sequencer downtime. Especially given the recent issues with blockchain outages, this is an important risk to address.

Pilot Phase: M&A for Arbitrum DAO
Vote: For
The Areta team has done a good job of engaging the community to get a conversation going about what M&A with a DAO could like. We are supportive of this pilot to answer many of the outstanding questions that will help get the program off the ground.

Catalyze Gaming Ecosystem Growth on Arbitrum
Vote: For
There has been quite a lot of talk about this proposal since being posted. We would firstly like to flag issue with such aggressive commentary being raised so late in the proposal process (which has been long). There has been ample time to engage with the proposal, the authors, and the team. In our experience, they were very willing to get on calls to answer questions and demonstrated competence around what it means to build a gaming ecosystem.

More specifically to the proposal itself, we believe that Arbitrum will need to be more than just “the DeFi chain” and that gaming is a piece of that. While many gaming projects contribute to the growth of Arbitrum wallets, active users, transaction volume, and sequencer revenue, they were not able to benefit from the recent DAO programs (STIP, LTIP, STEP, etc.). This proposal does a good job of securing funding to gaming programs in an ongoing manner (needed for gaming projects with long development cycles) and in a manner that is value accruing to the DAO. We agree with the community about the importance of clawback functionality and a DAO oversight component.

Constitutional AIP - Security Council Improvement Proposal
Vote: For
We are supportive of these improvements to the Security Council process which will improve the security of the chain.

ArbitrumDAO Contribution; Safeguarding Software Developers’ Rights
Vote: Abstain
We are supportive of DEF and Coin Center, but are not sure if this is the more prudent use of the treasury funds. We have opted to abstain so the community can choose to support these causes if these wish.