3 Polls Closing September 6, 2024
Funds to bootstrap the first BoLD validator
Summary: This poll asks ARB holders if they support providing 5,134 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 funds to provide this bond. But that apparently is not an offered option, so we will support the use of governance funds.
ARB Staking: Unlock ARB Utility and Align Governance
Summary: This poll asks ARB holders if they support Tally building a staked ARB set of smart contracts. More details can be found here. The cost for development is $200,000.
Recommendation: Vote Abstain. This should be put on hold until it’s clear what staking would do. This proposal does not include authorization to direct special privileges or revenues to stARB. Particularly, we do not want the approval of this to be seen as approval of specific spending for staking incentives.
[Replace Oversight Committee with MSS] Delegate to Voter Enfranchisement Pool — Event Horizon
Summary: This poll asks ARB holders if they support altering an ongoing proposal on Tally to authorize the MSS instead of an independently funded set multisig signers. This would result in a cost savings of 125,000 ARB.
Recommendation: Vote Yes. We are not in favor of the overall proposal, but should it pass, this change is an obvious improvement.
1 Poll Closing September 12, 2024
Delegate to Voter Enfranchisement Pool — Event Horizon
Summary: This poll asks ARB holders if they support delegating 7m ARB to an Event Horizon contract, where small ARB holders can vote to determine how that contract votes. It includes 200k ARB grant to Event Horizon.
Recommendation: Vote No. Event Horizon has minimal user base, so this isn’t going to do much to democratize Arbitrum governance. It’s also unreasonable to expect Arbitrum governance to pay 200k ARB for the privilege to do this. We would be supportive of a smaller amount of votes and a smaller price tag.