After consideration Treasure’s Arbitrum Representative Council (ARC) would like to share the following feedback.
LTIPP Council [snapshot] - Abstain
Unfortunately due to the voting structure for the LTIPP Council position we were unable to vote in this proposal. This is because the Snapshot vote listed a stipulation “Applicants may not vote for themselves” (including DAO-elected members of Treasure’s Arbitrum Council who were candidates for the LTIPP Council position). This significant restriction on voting was never publicly discussed or privately shared with Treasure as a significant delegate prior to the elections processes going live.
Upon further query the LTIPP program team confirmed that Treasure would be ineligible to use their delegated votes in support of any Treasure Community members participating in the election. This meant that Karel, Phil and Ali’s applications, as Treasure Community members, could not be voted for by Treasure as a delegate. We were instructed that, even if we did vote for these candidates on Snapshot, a manual reconciliation would take place after voting finished which would see the Treasure votes discounted if used to support any of these individuals.
We believe this framework represents a major failure in Arbitrum’s governance process.
We, as representatives of the Treasure Community, are trusted to actively engage in voting on their behalf. It is in the best interest of our community to support candidates who can effectively advocate for gaming-related matters in this position. However, the restriction on voting for specific Treasure-affiliated individuals hinders our ability to truly represent the community’s interests in the governance process, thereby disconnecting our delegate base from DAO governance.
This limitation also poses a strong disincentive for Treasure to participate in the voting process generally as utilising our significant voting power for other applicants would diminish the chances of success for any affiliated candidates in the nomination process. As a result this rule risks discouraging meaningful overall governance participation, both for us and for other delegates with affiliated candidates they hope to see successfully nominated.
We would recommend that the restriction “candidates may not vote for themselves” be removed. We feel this rule is subjective, arbitrary, logically flawed and actively undermines the rights of token holders who have delegated their votes to Treasure.
LTIPP Advisors [snapshot] - Voted
As no Treasure Community member was seeking selection for the Advisor position, and to our knowledge no significant delegate was representative in the possible candidates list, we felt comfortable progress with our vote as normal.
In our Council Advisor vote, we prioritised candidates who demonstrated suitable qualifications and experience with grants, incentive design and data analysis coupled with a proven track record of impact and effectiveness. The selected individuals include members of a group who have historically been active in Arbitrum and who we believe are capable of taking on more substantial responsibilities. We believe our overall selection reflects a commitment to bringing together serious, capable, and dedicated individuals to contribute meaningfully to Arbitrum DAOs success
Supported applications were as follows:
- Serious People
- Travis Skweres
- SEEDLatam Gov
