L2BEAT Delegate Communication Thread

Intro

Firstly, allow us to introduce ourselves for anyone who isn’t already familiar with L2Beat or our actions in Arbitrum’s governance.

L2BEAT is an independent, public goods company who acts as an impartial watchdog for the Ethereum Layer2 ecosystem. Our mission is to provide comprehensive and unbiased analysis and comparative evaluations of Layer 2 solutions . We are committed to the verification and fact-checking of the claims made by each project, with a special focus on the security aspects. What sets L2BEAT apart is our unwavering commitment to delivering accurate and reliable information.

In addition, L2Beat has a governance team (@krst and @Sinkas) which actively participates in constructive discussions of specific protocol challenges and issues, fostering the discourse toward increasingly permissionless, open source, and trustless systems. Our participation in various DAOs and public debates reflects this commitment.

For more information on L2Beat and our participation in Arbitrum’s Governance, please refer to our delegate statement on Tally.

Delegate Communication Thread

To promote transparency and communication as delegates, we’ll be regularly updating the below thread with our actions in the governance of Arbitrum. Our updates will include how we voted for different proposals and our rationale, discussions we are engaged with, and our notes from important calls/events we attended.

Update #1

Voting

[Snapshot] Accelerating Arbitrum - leveraging Camelot as an ecosystem hub to support native builders - Voted FOR

After careful consideration of the pros and cons of the proposal, we decided to vote for the proposal. You can read our full rationale behind our decision, as well as a summary of the pros and cons here.

[Tally] Delegated Domain Allocation by Questbook - Voted FOR

Despite initially voting against the proposal (for reasons outlined here) in the Temperature Check, after long and diligent conversation with Saurabh from the Questbook team (which you can partly follow along here), we decided to vote in favor of the proposal.

[Tally] Fund the Grants Framework Proposal Milestone 1 - Voted FOR

We voted in favor of the proposal after attending workshops held by Pluralistic Labs and having conversations with them regarding their approach. We are convinced they are aligned with the DAO, as it’s evident from their overall presence (e.g with holding workshops, their active presence in the forums and participation in discussions).

[Tally] Update Security Council Election Start Date to Ensure Time for Security Audit - Voted FOR

After raising some points regarding the proposal which were addressed by the Foundation, we voted for the proposal.

Discussion

Open Governance Call #4

On Wednesday, 26/07/2023, we hosted the 4th Open Governance call, notes/summary of which you can find in the comments. The next Governance Call will be held on Wednesday, 23/08/2023.

RFC - Grant Proposal for Blockchain Product Development Incubation

We reviewed and provided feedback to an RFC regarding a blockchain product development incubation on Arbitrum.

L2Beat’s Arbitrum Office Hours

To further our communication with our constituents and any interested party in the community, we’re hosting recurring Office Hours on Google Meets.

The office hours will be held every Thursday at 3pm UTC/ 11am EST

During the Office Hours, you will be able to reach L2Beat’s governance team, which consists of @krst and @Sinkas and discuss our activity as delegates.

The purpose of the office hours is to gather feedback from the people who have delegated to us, answer any questions in regards to our voting activities and rationale, and collect input on things you’d like us engage in discussions about.

You can add the L2Beat Governance Calendar in your Google Calendar to find the respective Google Meets links for every call and to easily keep track of the Office Hours, as well as other important calls and events (e.g. voting deadlines) relevant to Arbitrum that L2Beat governance team will be attending or hosting.

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trying to vote on this

Voting

[Snapshot] Onboarding Matrixed.Link as a Validator - Voted AGAINST

You can find our extensive rationale for voting against the proposal here.

[Snapshot] Building the Future of NFTs: The Rarible Protocol - Voted FOR

After extensive discussion with the Rarible team, and after them revising their proposal based on the feedback they received, we decided to vote in favour of the proposal. A more thorough explanation of our rationale can be found here.

[Tally] Building the Future of NFTs: The Rarible Protocol- Voted FOR

Following a successful temp-check, the proposal from Rarible went to on-chain vote unaltered, and therefore we voted for it to pass, just as we did during temp check.

[Tally] Update Security Council Election Start Date to Ensure Time for Security Audit - Voted FOR

After the points that we raised were addressed in discussion in the public forums, we voted in favour of the proposal.

[Tally] Security Council Implementation Spec - Voted FOR

We were in agreement with the implementation spec provided in the Security Council Elections post and therefore we voted in favour of it during the on-chain vote.

[Tally] Arbitrum One Governance Parameter Fixes - Voted FOR

Having reviewed the proposed fixes as well as the associated security audit, we decided to vote for the proposal.

[Snapshot] Time Management in Arbitrum’s Governance - Voted FOR

We engaged in a conversation with @Cattin regarding their RFC and we decided to vote in favour of the proposal after suggesting some ways the proposal could be improved before going to an on-chain vote.

[Snapshot] Domain Allocators

After reviewing all applications for each domain, and after hosting 2 pitching sessions for domain allocators (more info below), we cast our vote for each domain. Our rationale for each domain can be found here.

[Snapshot] Arbitrum Short Term Incentive Program - Voted FOR

Having attended the liquidity incentives workshops, and after consulting with other delegates and relevant third parties regarding the potential impact of the program, we decided to vote for it, with a preferred allocation of 50M ARB.

[Tally] Arbitrum Short Term Incentive Program - Voted FOR

Following a successful temp-check which ended with our preferred allocation of 50M ARB as the most voted option, we cast our on-chain vote in favor of the program.

[Snapshot] Arbitrum as official sponsor of Ethereum Mexico 2023 - Voted AGAINST

Our vote against the proposal had more to do with the channel it was pursued through, rather than with the proposal itself. This proposal came after Questbook’s Grant program was voted on and after domain allocators were elected, and we believed that going through the program would be a more suitable avenue for the proposal. As a result, we voted against the proposal during temp check.

[Tally] Security Council Elections - Round 1 & Round 2

We cast our votes for both rounds after extensive internal discussion, research and due diligence. Our extensive rationale as well as the list of nominees we voted for in each round can be found here.

[Snapshot] STIP Applications

We reviewed and voted on all STIP applications. We shared our approach as well as reflections on the whole process here.

[Snapshot] Empowering Early Contributors: The community Arbiter Proposal - Voted AGAINST

While we’re very much in favour of rewarding contributors, we felt that the amount requested was too high, without relevant data supporting it. We shared our explanation under the original proposal.

[Snapshot] Build Optimal Onboarding for STIP Teams (BOOST) - Voted AGAINST

We like the idea of using quests to educate users and help protocols distribute their STIP funds in a streamlined way. Given there was another similar proposal from Rabbithole, we felt it’d be beneficial if discussed these proposals as a DAO in more depth before deciding on an approach. That’s why we decided to vote against for the time being, but shared our support in the forum.

Discussions

Hosted Open Governance Calls #5, #6, & #7

You can find the recording, chat log and transcript of Open Governance Call #5 here.

You can find the recording, chat log and transcript of Open Governance Call #6 here.

You can find the recording, chat log and transcript of Open Governance Call #7 here.

Domain Allocators Pitching Sessions

During the elections process for Domain Allocators for Questbook’s grant program, we organised and hosted 2 pitching sessions for Domain Allocators to introduce themselves and present their relevant experience to delegates.

Both calls were recorded and published in the forums to be available for people who were unable to make it.

Decrease Censorship Delay from 24 hours to 4 hours

Following the discussion both on the forums but also during the open governance call, we planned a separate call to discuss the proposal to reduce the censorship delay from 24 hours to 4 hours in more detail.

The recording of the call as well as the transcript can be found here.

[RFC] Introduction of a new role in governance - Governance Facilitator

We reviewed and provided our feedback to the proposal.

[RFC] Allow the PL-ARB Grants Safety Multisig to trade ARB for sequencer fee ETH

We reviewed and provided our feedback to the proposal.

[RFC] Delegate Incentive System for ArbitrumDAO

We had extensive conversations with @Cattin who brought forward the proposal on behalf of SEED Latam during our Office Hours, on Telegram, and during a community call hosted by SEED Latam. Overall, we believe it’s a very important topic for the DAO and as such we offered our extensive feedback to the proposal.

[RFC] Fund Arbitrum Odyssey 2.0 Airdrop

We reviewed the proposal and provided our feedback. Arbitrum Foundation announced Odyssey Reignited a week later and as a result the proposal wasn’t pursued any further.

Community Growth through Educational Content and Events & Protocol Owned Liquidity Calls

During Governance Call #6, there were 3 proposals that were briefly discussed. We followed up with organising and hosting 2 calls to facilitate a discussion around those proposals. These calls were not recorded.

[RFC] Activate ARB Staking

We shared our thoughts and feedback on a proposal by PlutusDAO to activate ARB staking.

Etherean League Gathering - Governance Workshop

L2BEAT is happy to announce that we’ll be hosting a Governance Workshop during L2DAYS in the context of Devconnect in Istanbul.

More information here.

L2BEAT Arbitrum Office Hours

Lastly, we want to remind everyone that to further our communication with our constituents and any interested party in the community, we’re hosting recurring Office Hours on Google Meets.

The office hours are held every Thursday at 3pm UTC/ 11am EST

During the Office Hours, you will be able to reach L2BEAT’s governance team, which consists of @krst and @Sinkas and discuss our activity as delegates.

The purpose of the office hours is to gather feedback from the people who have delegated to us, answer any questions in regards to our voting activities and rationale, and collect input on things you’d like us engage in discussions about.

You can add the L2BEAT Governance Calendar in your Google Calendar 10 to find the respective Google Meets links for every call and to easily keep track of the Office Hours, as well as other important calls and events (e.g. voting deadlines) relevant to Arbitrum that L2BEAT governance team will be attending or hosting.

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Voting

[Snapshot] Arbitrum Security Enhancement Fund - Voted FOR

Even though Cyfrin withdrew their proposal in order to participate in the procurement framework, we decided to vote in favour of their proposal to signal our support.

[Snapshot] Activate ARB Staking - Voted FOR & Lowest Amount

After our initial comments were addressed, we decided to vote in favour of the proposal. We still believed the proposal could be improved before going to on-chain vote, and therefore we voiced our opinion after we voted.

[Snapshot] The Arbitrum Coalition - Voted ABSTAIN

We were originally included in the proposal as the pre-appointed “Advocate”, even though we did not participate in the formation of the coalition and did not co-author the proposal. However, we provided our extensive feedback and point of view for the consideration of other delegates in the forums.

[Snapshot] Procurement Framework | Security - Voted FOR

DK put forward a proposal to consolidate all security-related proposals in a procurement framework. Given the multiple proposals with that scope appearing on the forum at the same time, we believe that creating a framework to onboard them makes a ton of sense and therefore voted in its favour.

[Snapshot] Backfund Successful STIP Proposals - Voted FOR

Although we were initially hesitant to support the proposal, after extensive discussion with the team leading the initiative, and after our original concerns were addressed, we were happy to support the proposal.

[Tally] Backfund Successful STIP Proposals - Voted FOR

We voted in favour of the proposal following a successful temp-check.

[Snapshot] Funding Gas Rebate and Trading Competition Program to Amplify Arbitrum’s Ecosystem Growth - Voted AGAINST

We voted against the proposal since we believe it should have pursued funding through the STIP instead of coming directly to the DAO. We encouraged the proposer to resubmit their proposal during the second round of STIP, when it becomes available.

[Tally] Empowering Early Contributors: The community Arbiter Proposal - Voted AGAINST

Voting against the proposal was very difficult and it wasn’t a decision we made lightly. During temp-check, we communicated that we felt the requested amount was too high and that we’d be really supportive of the proposal if the request was lowered by a considerable amount. The proposal was submitted to on-chain vote without any amendment and therefore we stuck to our original decision. Our full rationale can be found here.

[Snapshot] ArbOS Version 11 - Voted FOR

We agreed with the proposed upgrades & fixes and their scope and voted in favour of the proposal during temp-check, while also committing to extensively review the proposed changes before the on-chain vote.

[Snapshot] Timeline Extension for STIP and Backfund Grantees - Voted Extend for Both

After reviewing the proposal and considering the implications of all options, we decided to vote in favour of extending the timeline both for original STIP recipients as well as for backfund grantees.

[Snapshot] Experimental Incentive System for Active ArbitrumDAO Delegates - Voted FOR

We’ve been involved in the discussion surrounding the concept of delegate incentives for the past few months, and we’ve actively provided our feedback through multiple RFCs before this proposal. Although we believe there are small improvements that can be made before the proposal goes to on-chain vote, we voted in favour of it during temp-check to signal our support. You can find our full rationale here.

[Snapshot] Establish the ‘Arbitrum Research & Development Collective - Voted For highest→lowest amount

We supported the proposal as we believe a collective similar to the one outlined will be very useful to the DAO.

Discussion

Ecosystem Security Fund by Sherlock

Sherlock put forward a proposal for the provision of security related services to the DAO and although they too withdrew their proposal to participate in the proposal to consolidate all security-related proposals into an RFP process, we dropped a comment in the forums to signal our support for their team.

Hosted Open Governance Call #9

You can find the recording, chat log and transcript of Open Governance Call #9 here.

L2BEAT Arbitrum Office Hours

Lastly, we want to remind everyone that to further our communication with our constituents and any interested party in the community, we’re hosting recurring Office Hours on Google Meets.

The office hours are held every Thursday at 4pm UTC/ 11am EST

During the Office Hours, you will be able to reach L2BEAT’s governance team, which consists of @krst and @Sinkas and discuss our activity as delegates.

The purpose of the office hours is to gather feedback from the people who have delegated to us, answer any questions in regards to our voting activities and rationale, and collect input on things you’d like us engage in discussions about.

You can add the L2BEAT Governance Calendar in your Google Calendar 10 to find the respective Google Meets links for every call and to easily keep track of the Office Hours, as well as other important calls and events (e.g. voting deadlines) relevant to Arbitrum that L2BEAT governance team will be attending or hosting.