3 Polls Closing June 13, 2024
AIP: BoLD - permissionless validation for Arbitrum
Summary: This poll asks ARB holders if they support upgrading Arbitrum One and Arbitrum Nova to include BoLD, which is a package of changes meant to better allow for dispute resolution when challenging Arbitrum state. Full details can be found here, but some notable parts of the BoLD upgrade:
Removes the ability for malicious actors to spam challenges, which results in a delay in finalizing resolution.
Allows for permissionless validation with the removal of the delay attack griefing vector.
Two-day grace period for the Security Council to override any resolved dispute.
The proposal will be audited by Trail of Bits before deployment and a public audit program will be created afterwards. The proposal also offers recommendations on amounts of ETH for bonding validators. There is no monetary costs associated with this upgrade, as they are all covered by Offchain Labs.
Recommendation: Vote Yes. This is an important upgrade for Arbitrum to advance to “Stage Two” rollup status on L2Beat. We are comfortable that technical risks are being thoroughly mitigated.
AIP: Funds to bootstrap the first BoLD validator - Bond sentiment
Summary: This poll asks ARB holders if they support providing 4,234 ETH for the Arbitrum Foundation to run a BoLD validator. This is to meet the bonding requirements of the protocol. Funds would come from this address.
Recommendation: Vote Yes. We would prefer to see the Foundation use its own $14m in funds to provide this bond. But that apparently is not an offered option, so we will support the use of governance funds.
AIP: Funds to bootstrap the first BoLD validator - Operational cost sentiment
Summary: This poll asks ARB holders if they support providing 900 ETH to support BoLD validator service fees of 4% over three years and reimbursement of L1 gas costs for honest validators. The Arbitrum Foundation will not be eligible for a service fee on is operation of a validator with governance ETH as the bond.
Recommendation: Vote Yes. Validators don’t work for free, and this seems a reasonable initial funding and cost subsidy. If it’s found to be too much, too little, or should be denominated in a token other than ETH, then that can always be iterated upon in the future.