Latest Proposal Version is Here: Delegate to a public access, public good citizen enfranchisement pool through Event Horizon - #21 by krst
6 Likes
Do your DAO thing dear DAO; delegate some tokens to them
5 Likes
Event Horizon will save the bear market
4 Likes
I am very excited that EventHorizon is expanding its model on the Arbitrum ecosystem. This will be a major milestone not only for EventHorizon but also for Arbitrum voters. Together, we will upgrade Dao to a new level, overcoming the limitations of the conventional Dao mechanism.
3 Likes
This is great. I am quite in support of this proposal.
4 Likes
I’m in favor of this proposal. Event Horizon is innovating in the DAO voting realm and most likely has a bright future ahead.
4 Likes
To start, 404 DAO believes governance is most effective when it is equitable and representative.
The current state of most DAO governance, including Arbitrum’s, is top-heavy to major players. In an ideal state, governance is comprised of different parties who represent constituents of the ecosystem. With greater distribution of voting power, governance is more capture resistant and invites robust conversation among delegates.
This is an interesting attempt at rectifying some of these pain points for everyday users and small token holders.
However, the litmus test for any meta-governance proposal should be inherently stronger than a typical proposal (IE: something like a STIP or other growth oriented proposals) because it is seeking ongoing authority rather than just incremental resources. STIPs can be experiments of scaled risk and measured consequence, but setting precedent around granting governance authority is closer to pandora’s box. Therefore, we believe any system or body pursuing individually granted authority (rather than earning or acquiring that authority naturally) should be expected to meet a few base level expectations at the root of the proposal. In its current state the proposal lacks some of these, specifically:
1. Earned Reliability
The applicant should be willing to demonstrate a track record in their decision-making capabilities and should be willing to earn the trust and goodwill of the network over multiple decisions. We would like to see a vesting schedule proposed by Event Horizon that demonstrates a timeline or milestone structure where delegated ARB can be earned, rather than granted completely up front.
2. Verifiable Capability
Any specific team applying should be capable of demonstrating their unique capability to build this system, and specifically their ability to overcome broadly understood risks and obstacles. An immediate example is how Sybil attacks will be prevented, which we do not see in the proposal or defined in the product specs on the website. There is potential for more. We would like to see more focus in this proposal on these fundamental risks.
3. Responsible Stewardship
Any applicant, especially when lacking a history in Arbitrum governance, should be expected to demonstrate a net positive impact from its decision-making coordination, to the welfare and benefit of the broader network generally, and demonstrate a ‘no conflict of interest’ in their decisions and process. While we realize this is not entirely possible preemptively, we would like to see as a part of this proposal, a plan for how to effectively measure this overtime and repercussions if performance either falls short or measurements are not made.
With these few principles in mind, it is not difficult to imagine adjustments that would address these considerations without abandoning the core concept of the proposal.
We think such revisions and discussions would be the appropriate next step for this concept.
5 Likes
1. To show our expectation of reliable and consistent positive impact within the Arbitrum Ecosystem…
the first proposal draft noted unconditional revocability. The intent is to ensure that delegation is only afforded so much as it is considered valuable by the broader community.
With further consideration in mind, we are willing to include a vesting schedule over and above the revocation clause. However, we would highlight that any tiered delegation model does add additional administrative friction and consideration which we would want to confirm is within the foundation’s abilities and willingness.
We will amend the proposal to include the following criteria:
- Total Delegation: Cumulative ARB delegated to EventHorizonCommunity.eth
- Earliest Date: Earliest date of ARB delegation
- Passholder Count: Cumulative number of HVAX Voter Pass Holders
- Proposal Participation: The percentage of proposals the community voter block participated in over the delegation period
- Average Pass Participation: The average number of pass holders participating in each proposal. This has been set at 10%, over 3x higher than Arbitrum’s current wallet participation rate
- Total Participation: The percent of total passes which have voted on at least one proposal
The earliest date and three of the four benchmark thresholds would have to be met before the vesting of a given ARB allotment.
2. Regarding Sybil considerations…
we would highlight that the allocated sum of delegated ARB is intentionally a minority voter amount by a significant margin. Any potential risk of Sybil influence over the public-access block would under almost all conditions not amount to a sum of authority that would be capable of passing a vote absent incredibly significant broader support from other delegates and ecosystem participants. E.g. a rogue vote is virtually impossible.
That being said, we would be willing to heighten anti-sybil measures with Gitcoin Passport requirements for Arbitrum meta-governance. Gitcoin Passports allow for the customization and weighting of proof-of-humanity criteria including:
- Captcha
- Discord Link
- Coinbase Verification
- ENS use
- Wallet Balance
- Wallet Age
- Facebook Link
- Gas Spent
- Civic Uniqueness (https://support.civic.com/hc/en-us/articles/6855280050839-What-is-Civic-Uniqueness-Pass-)
We would recommend a slight customization of standard weighting as to emphasize non-ETH-balance pertaining benchmarks such as linked social media accounts, wallet age, gas used, civic uniqueness, and ENS. We are very open to community discussion on this approach vs standard Gitcoin Passport weighting.
3. Regarding responsible stewardship…
we believe this is a particularly difficult concept to quantify objectively. There are certain assurances the team can provide at the protocol and base mechanics level, such as being fully doxxed, legally incorporated, and well-known by various individuals within the community.
However, it is important to highlight that the public authority block is not a delegation to the Event Horizon team members. In fact, the team will not be voting with voter passes and will remain as neutral an impact as possible.
Rather, this proposal seeks to delegate ARB to a group of retail voters (Voter Pass holders). So it is very difficult to objectively determine if the decisions of a large swath of previously disenfranchised individuals are ‘responsible’ or not. We also see risk in becoming a gatekeeper for who can and cannot participate in this open public good voter block. We don’t want the power to deem a voter worthy of this public good, as that opens up potential avenues for abuse and proposal attack. Instead, we stand by the notion that unconditional revocation is a greater catchall to halting irresponsible action in a more democratic fashion.
2 Likes
We have decided to support the Event Horizon proposal due to its potential to enhance inclusivity within the ArbitrumDAO.
Although our concerns align with those expressed by 404DAO, we wanted to focus particularly on the participation rate within the voter pool. It is crucial to ensure the engagement level is high and based on informed decision rather than noise for the purpose of incentives. The decision-making processes of these voter pass holders should as well align with Arbitrum’s core values. Hence, we believe it is important to closely monitoring how this initiative evolves and impacts our ecosystem.
Overall we are excited about the idea of empowering underrepresented voices within the DAO. With the new adjustment on benchmark thresholds that would have to be met before the vesting of a given ARB allotment, we believe that this is a good starting point for the initiative.
2 Likes