AIP-1.1
Hello everyone,
On Thursday 13 we had our 2nd governance call at SEEDLatam in collaboration with L2 en Español where we discussed with our community the ongoing proposals:
- AIP-1.05 - Return 700M $ARB to the DAO Treasury
- AIP-1.1 - Lockup, Budget, Transparency
- AIP-1.2 - Foundation and DAO Governance
Participants: 60 attendees
Duration: 1h
Our voting procedure
True to our ethos, we went through each proposal and explained them in detail to our community. Then the debate was opened for community members to express their opinions on each proposal. Finally, each proposal was voted on individually by community members present in our discord.
Direct collaborators @axlvaz_SEEDLATAM.eth @Manugotsu_SEEDLatam @SEED_Latam_Joxes @Phenrril @MCamere and @Noa also expressed their opinions. We want to thank the regional delegates, @ArbiGod.eth, who joined the debate and contributed their opinions.
As always, any member of this DAO who wants to participate in our governance calls and is open to discussing Arbitrum-related issues is more than welcome.
About: AIP-1.1 - Lockup, Budget, Transparency
Our vote is in favor.
Rationale
AIP-1.1 addresses and resolves most of the requests we made previously. However, despite our favorable vote, we want to express the opinion of our community on each point.
About Smart Contract Lockup
We believe it is a wise decision to lock funds in a smart contract. It also restores DAO control over funds by allowing adjustments to future funding and/or modifying the unlock schedule.
About Operating Budget
The community was satisfied with the presentation and description of the operating budget. However, they expressed a desire for future budgets to be more detailed in terms of expenses and aligned with the goals of the Arbitrum Foundation and ArbitrumDAO.
About Ecosystem Growth Initiatives
In this point, we had requested more details in the previous proposal. We believe the focus and objectives for growth initiatives are better clarified. Although the application and approval process still needs detailing, SEEDLatam and L2 en Español are available to collaborate in the development of these processes, considering the experience of some of our members in such initiatives.
Transparency Reports
Our community was more than satisfied with this transparency report, which provides a description of The Arbitrum Foundation directors and details the initial costs of establishing The Arbitrum Foundation and ArbitrumDAO. However, the relationship with OffChain Labs and the selection criteria for the Nova Network Data Availability Committee remains a bit obscure.
Conclusion
Although some points still need clarification, AIP-1.1 mostly resolves all previously expressed doubts, and this is not an impediment to voting in favor. Our community believes it is time for Arbitrum to take the next step, and for them, the official launch of the Foundation is essential.
About the other Proposals
- Our voting and opinion on: AIP-1.2 - Foundation and DAO Governance
- Our vote and opinion on: AIP-1.05 - Return 700M $ARB to the DAO Treasury