After consideration Treasure’s Arbitrum Representative Council (ARC) would like to share the following feedback on the Incentives Detox Proposal
Name aside, we are very aligned with the contents of the proposal and voted FOR.
yes please
However, we disliked the framing of this as a detox. Detox implies the recovery from a harmful and damaging substance. Moreover, those recovering on a detox don’t usually dive right back in after cleansing their system. The ARC also noted that the term “incentives” is somewhat ambiguous when we actually are talking about direct user incentives.
These points aside, a structured long-term approach to user incentives is clearly needed, and this proposal moves us a step forward in the right direction.
The proposal from Matter Labs and the accompanying proposal issued jointly by both ZKsync Foundation and the Treasure core contributors revisits the ratified proposal TIP-36: Ecosystem Selection for the Treasure Chain (approved by TreasureDAO on February 21, 2024) to launch the Treasure L2 as the leading gaming chain on ZKsync’s Elastic Chain, instead of on Arbitrum Orbit.
Upon the conclusion of TIP-44, if passed, the ARC will pause its involvement with Arbitrum governance and encourage the community to redelegate their ARB tokens to another qualified delegate.
As a result, Treasure DAO will conclude its participation in Arbitrum Governance and will abstain from voting on any proposals that go live after the passing of TIP-44. While individual ARC members are welcome to continue their engagement, they will do so in a personal capacity. We encourage those who have delegated tokens to reassign their delegation to another active delegate.
Treasure has had an incredible journey with Arbitrum and I, along with the rest of the ARC members, have been honoured to participate in the ecosystem and believe the Arbitrum DAO is on the right track to continue to pioneer, evolve and succeed for long into the future.