GFX Labs Delegate Communication Thread

Governance Delegate Statements
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63

1 Poll Closing October 2, 2024

[Non-Constitutional] Whitelist Infura Nova Validator
Summary: This poll asks ARB holders if they support adding the Infura validator for Arbitrum Nova to the whitelist.

Recommendation: Vote Whitelist Infura Validator. This validator has been operating for a while, with more than 99.95% uptime. This whitelisting is to correct an oversight – the Infura validator was intended to have been added originally.

3 Polls Closing October 10, 2024

UPDATED - Ethereum Protocol Attackathon Sponsorship
Summary: This proposal requests 30 ETH to support Attackathon, an Ethereum security-focused hackathon. Sponsorship provides:

  • 1x Unique NFT with leaderboard rank
  • Leaderboard listing on the sponsor landing page
  • Mid-roll logo placement on Sponsor and Program Landing Page
  • An Arbitrum Boost (Audit Contest) on Immunefi with up to a $100K rewards pool at 100% Immunefi Discount within 180 days of the conclusion of the Ethereum program
  • 1x Dedicated Twitter post announcing sponsorship from Immunefi Twitter handle

Recommendation: Vote Yes. We would prefer there to be more tangible or specifically promised benefits to sponsorship than those provided. The Ethereum Foundation’s provision of 25% of the $2m fundraising goal, coupled with the modest sizing (~$80,000) of the request is enough for us to move to a positive vote on this item.

[NON-CONSTITUTIONAL] Arbitrum DAO Procurement Committee: Phase II Proposal
Summary: This proposal requests 954,610 ARB to finance the second phase of the ADPC.

Recommendation: Vote No. Updates to this proposal since Snapshot have not removed us from opposition. Our main objection to the Phase II proposal overall was that it simultaneously authorized the ADPC to continue but did not initiate a re-election process, keeping the same members in the available seats. We simply don’t believe this is good form. While this proposal adds that future extensions must require an election, that is still missing from this proposal. Overall, the proposal is mostly thoughtful and complete, but we do not support normalizing extending terms for any elected position within governance without an election on each individual officeholder.

64

1 Poll Closing October 10, 2024

Constitutional AIP - Extend Delay on L2Time Lock
Summary: This proposal requests changing the governance timelock parameter from 3 days to 8 days.

Recommendation: Vote Yes. This is makes the timelock longer than the exit window to mainnet, allowing users to exit ahead of any malicious or known bugs in an upgrade. The Foundation has confirmed the proposal itself was tested, as well.

65

1 Poll Closing October 17, 2024

[Non-Constitutional] Funds to Bolster Foundation’s Strategic Partnerships Budget
Summary: This proposal asks ARB holders if they support supplying 250,000,000 ARB to the Arbitrum Foundation for use in strategic partnerships.

Recommendation: Vote No. Firstly, this proposal sends 250m ARB to a multisig with 7 signers, all of which are fresh and anonymous. Secondly, the Arbitrum Foundation has not provided sufficient detail on why they need these funds or how precisely they will be used. There is also the fact that the Foundation has not yet exhausted its ARB holdings (~444m ARB) to date. On process and on substance, we can’t support this proposal. We would be open to reconsideration with substantially more information and smaller request size.