About: AIP-1.2 - Foundation and DAO Governance
Our vote is in favor .
To learn about the voting procedure of SEEDLatam and L2 en Español, you can read it here.
Rationale
After the rejection of AIP-1, amendments to the Constitution and the Amended and Restated Memorandum and Articles of Association of The Arbitrum Foundation (the “A&R M&A”) and the Bylaws are necessary. These are the foundation for the orderly development of the Foundation and the ArbitrumDAO.
We will express some comments.
Amendments to the Constitution
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Make explicit that the DAO may make a Non-Constitutional Funding AIP with respect to the Administrative Budget Wallet.
We believe it is important for the DAO to have the ability and can make AIPs on the Administrative Budget Wallet. This gives more legitimacy to the ArbitrumDAO.
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Lower the threshold number of Votable Tokens required for an AIP to be posted on-chain from 5,000,000 $ARB to 1,000,000 $ARB.
Contributes to the decentralization of the DAO, we believe it is an appropriate value.
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Add a new Section 5, which details the Data Availability Committee, including processes for removing and appointing Data Availability Committee members.
As we clarified in AIP-1 and AIP-1.1, we would like the relationship between OffChain Labs and the Data Availability Committee to be detailed. We would also like to know the criteria for selection.
Amendments to the Bylaws
The majority of the points mentioned have already been resolved; our community is more than satisfied.
Modifications to the A&R M&A
Nothing to comment on.
Conclusion
As we mentioned earlier, these amendments are necessary to continue the orderly path towards the launch of the Arbitrum Foundation.
About the other Proposals
- Our vote and opinion on: AIP-1.1 - Lockup, Budget, Transparency
- Our vote and opinion on: AIP-1.05 - Return 700M $ARB to the DAO Treasury