Proposal: Request to Increase the Stylus Sprint Committee’s Budget
Type: Snapshot, ending Feb 13, 2025
Vote: For
Reasoning: Stylus is a differentiating factor for Arbitrum, and while this is a significant increase to the original budget, we think that the DAO should take the opportunity to keep pushing on this area. From reviewing the summary doc, we’re especially interested in seeing Pyth’s oracle implementation in the short term and what could come of Trail of Bit’s work in the future. We also trust Entropy to negotiate these prices where possible and see that a few have come down since the original posting.
Proposal: Non-Constitutional: Stable Treasury Endowment Program 2.0
Type: Onchain, ending Feb 14, 2025
Vote: For
Reasoning: Same as during the temp check. STEP is making money for the DAO, and that’s something we need badly right now. While it isn’t necessarily as much as it could be making through other defi strategies, we think growing RWAs provides enough of a benefit to make up for it. We also appreciate Steakhouse’s willingness to improve reporting here, though we’re not entirely sure whether they can do anything about something like the STEP wallet receiving interest from separate investments. Lastly, while the management of the program is now being done by Entropy, we believe the transition can be smooth enough to not cause any major disruptions.
Proposal: OpCo: A DAO-adjacent Entity for Strategy Execution
Type: Onchain, ending Feb 13, 2025
Vote: Abstain
Reasoning: We didn’t feel like there was a good option to vote here. As we mentioned in our rationale during the temp check we do believe that the DAO could use a layer that exists between ongoing initiatives, so we don’t want to vote against this if the DAO feels like it could make it work. At the same time, we don’t want to vote for on this, as we believe that setting something like this up would need broad buy in from delegates and we don’t see that as things stand right now. Since this seems likely to pass anyway, we’ll also be keeping an eye on the formation of the OAT, as we mentioned in our original rationale.
Proposal: Arbitrum D.A.O. (Domain Allocator Offerings) Grant Program - Season 3
Type: Onchain, ending Feb 20, 2025
Vote: For
Reasoning: Between our rationales for the original temp check and the elections, we don’t have a lot more to add on this. ‘This would be better to submit to Questbook’ is said often enough that we believe it’s best to keep the program going. While we acknowledge that there could be improvements as other delegates have mentioned, the team has shown that they’re capable of iterating on their processes and we think delaying this until everything is perfect would leave too much of a gap in the DAO’s ability to process proposals that need relatively small amounts funding.