4 Polls Closing June 6, 2024
Set up a Sub-Committee for the Security Services Subsidy Fund
Summary: This poll asks ARB holders if they support a 60,000 ARB operating budget (approximately 100 ARB/hour for 15 hours of each Sub-Committee member) for administering the Security Services Subsidy Fund.
Recommendation: Vote Yes. This is an on-market rate for these contributors to administer this program to provide subsidized audits to projects deploying on Arbitrum. The program has a goal of subsidizing audits from pre-approved auditors for 50 Arbitrum projects.
AIP: Nova Fee Router Proposal (ArbOS 30)
Summary: This is a technical upgrade to automate transfers of fees from Arbitrum Nova to the Arbitrum governance treasury.
Recommendation: Vote Yes. This automates a process that will need to be repeated. Also, the quorum for transferring the collected fees is 5%, which is more than the 3% a treasury proposal would require. Automating the transfer directly to the governance-controlled treasury makes it possible to spend funds collected on Nova through votes that are comparable to other spending proposals.
AIP: Activate Stylus and Enable Next-Gen WebAssembly Smart Contracts (ArbOS 30)
Summary: This poll asks ARB holders if they support enabling Stylus on Arbitrum One and Arbitrum Nova.
Recommendation: Vote Yes. Stylus is a virtual machine, but will not alter the EVM aspect of Arbitrum One and Arbitrum Nova. Because of this, it provides an additional route for developers’ smart contracts to interact with the chains, and should have no impact on smart contracts built for EVM. You can read more about the features of and development history of Stylus here.
AIP: Support RIP-7212 for Account Abstraction Wallets (ArbOS 30)
Summary: This poll asks if ARB holders support implementing Rollup Improvement Proposal 7212.
Recommendation: Vote Yes. RIP-7212 (aka EIP-7212) has been proposed as a standardized way for L2s to further support account abstraction wallets. RIP-7212 has already been adopted on Polygon PoS and Optimism.
2 Polls Closing June 11, 2024
Election of STEP Program Manager
Summary: This poll asks ARB holders to select a service provider to monitor and administer the STEP treasury program. Full applications for each provider can be found in the STEP category of the forum.
Voters may choose from:
Particula(dot)io
Bluechip(dot)org
Steakhouse(dot)financial
Avantgarde(dot)finance
Recommendation: Vote 75% Particula.io, 25% Steakhouse. We feel these providers have the most relevant experience. Steakhouse is the most expensive option, but does have a significant track record of performing this sort of work for MakerDAO. Our main blocker to providing them with more votes in favor is simply the extensive network of existing business relationships they have, which could create conflicts of interest depending upon which assets are ultimately chosen. Particula’s staff has an auditing and credit analysis background that is especially relevant to this program and is priced competitively.
[NON-CONSTITUTIONAL] Pilot Phase: Arbitrum Ventures Initiative
Summary: This poll asks ARB holders if they wish to fund a research phase for an Arbitrum Ventures Initiative. The budget can be approved with or without a real-world event.
Voters may choose from:
For [Full Scope] ($99,000)
For [No IRL] ($54,000)
Against
Abstain
Recommendation: Vote Against. We’re not necessarily opposed to a ventures program. But we do not encourage providers to come to Arbitrum, state that XYZ is needed, then request funds to then research why XYZ would be a good idea. The thesis should be mostly formed why ventures would be beneficial. Asking for funding to conduct research to better understand the issue the proposer brought to the DAO indicates to us that this could be a solution in search of a problem, rather than beginning from identification of a pain point and solving it with a ventures program.