September 2024 Voting Updates
Snapshot:
[Constitutional] Extend Delay on L2Time Lock
- We support this proposal. The extended delay on the L2TimeLock would not impose any performance bottlenecks upon smart contract development, but in fact the effect would be the opposite, as there will be more time allocated to repair and upgrade previous smart contracts. In addition, the added time will be crucial for the security council to act upon any malicious attacks if they occur, and the user themselves gain more time to withdraw their funds to protect themselves from a potential attack for instance.
STIP-Bridge Operational Budget
- We vote for this proposal. Since the Operations budget has already passed, this proposal just approves the distribution of the funds to the respective parties. The percentage and cost breakdown for each portion of the operational budget is logical and below industry average.
[Replace Oversight Committee with MSS] Delegate to Voter Enfranchisement Pool — Event Horizon
- We vote for this proposal. We believe the idea of delegating 7M ARB to a community voting pool will bring in more small-wallet ARB token holders to participate within the Arbitrum DAO and governance community. In addition, this proposal leaves room for flexibility to un-delegate these 7M ARB tokens from the community pool at any time under discretion from the MSS Committee. Lots of benefits in terms of increasing governance participation.
[Non-Constitutional] Arbitrum DAO Delegate Incentive Program
- Overall, like the direction this is going in compared to v1 introducing more quantitative criteria. However, we think that some of the thresholds for voting are still too low (thinking about this program in comparison to Uniswap’s DIP). Lots of comments in the RFC stating similar points we agree with about quantifying participation, comments, and call attendance.