Tekr0x.eth - Delegate Communication Thread

FEBRUARY 2025

Snapshot :zap::

Approve the Nova Fee Sweep Action
Voted For: The proposal makes sense and is very straightforward. I agree with some other comments that ETH collected (1885 ETH) could be used in staking protocols and give yield to the DAO. Something to discuss in a proposal. Also combining both votes on Tally for Timeboost and Fees Sweep makes sense since both are getting support from DAO.

Request to Increase the Stylus Sprint Committee’s Budget
Voted For: My suggestion was to re-open the application window in case the proposal passes and the budget increases. After getting the feedback from Jojo that a budget increase is already set for specific projects, I agree that there is no need to re-open the application. Also, I learned that projects could update their application and budget in Questbook anytime (like Moving Stylus did). Seeing this dynamic is enough for me to vote For this proposal. It is great to see that this sprint gained such great traction. Love to see a successful proposal like this.

Arbitrum Growth Circles Event Proposal
Voted Against: As my initial feedback, I still think this proposal is a “nice-to-have.” I do support the idea of trying and experimenting with different approaches, but this idea seems quite basic and not innovative enough. Virtual workshops are known to be a lot less effective, and spending a budget of $67K seems quite excessive.

If this proposal moves to Tally, I would love to see a clear indicator from the community (builders) that they are interested in this type of event (maybe an interest list or pre-application form?). Also, I would love to see more detailed KPIs (how will we know if this proposal is successful or not?) and a more detailed budget breakdown.


Tally🗳️:

OpCo: A DAO-adjacent Entity for Strategy Execution
Voted Against: It took me quite some time to wrap my thoughts around this proposal. In general, I fully agree to set up an entity that would execute for the DAO. I am sure this would result in much more efficient operations. But based on how the proposal is structured, I decided to vote against it. I don’t like that the OpCo proposal is set for such a long period (2+ years).

Since it’s that long, the budget is also significant (30M ARB). The proposal already plans to hire 12 full-time employees (besides OAT members) from the start. This kind of approach reminds me of government-funded agencies or something. A big concern for me is also about the “off switch.” In case things don’t turn out as we expect, will we really terminate this? Will we fire people that we worked alongside for the last 2 years? This could become a mess for all of us.

The argument here is that with a big treasury, we need to make big moves. I disagree. We do have a big treasury, but the DAO space is still very early and inexperienced. We need to experiment, and we do that by staying lean and agile. I support the idea of OpCo, but not at this size.

Non-Constitutional: Stable Treasury Endowment Program 2.0
Voted For: After reviewing the reports, there is no reason not to further support this STEP program. Diversification of the funds in a DAO of our size is important and RWA is the best way to do it in this case. Also, I believe in the team that the execution of the 2.0 program will be done well. I do expect consistent reporting on the program during our monthly GRC calls.

Arbitrum D.A.O. (Domain Allocator Offerings) Grant Program - Season 3
Voted For: Since Arbitrum DAO launched, there have been so many grant programs for different stages and levels of builders, run by different teams. So much experimentation was already done. This was a great way to see what works and what does not so much. Today, we can see that Arbitrum D.A.O. is a program that brings good results, it’s simple for builders to understand, and most of all, it has an awesome team like Jojo and other domain allocators as part of the program.

At the moment, there are a lot of builders waiting for this program to pass so they can apply and hope to receive a grant. We even publicly instructed many projects here on the forum to wait with their proposals for this program to pass and apply there. This really shows how much burden this program carries for the DAO. This is why I decided to support this proposal.