Vertex Delegate Communication Thread

[CONSTITUTIONAL] - Adopt Timeboost + Nova Fee Sweep Tally Vote

We voted for on this, similar reasoning to our previous votes on these topics.


[NON-CONSTITUTIONAL] Arbitrum Onboarding V2: A Governance Bootcamp Tally Vote

There’s a lot in the proposal that we like and that we hope to see implemented in the DAO in different ways, however we voted against this as we did in the temp check. Our reasoning is fairly similar. While we would love to see more people get the context they need to be effective delegates, we still don’t see a path for them to stay involved with the DAO in the long term. As far as we can tell, in the best case scenario the protocol or team they get matched with retain them after the two months and continue to engage with the DAO in that way. However, if that’s the case, we think the protocols should bear some of the cost as this ends up becoming a recruiting method for them. Additionally, the total cost makes it too hard to approve this as an experimental exercise that we don’t necessarily mind not getting a big ROI on.


[NON-CONSTITUTIONAL] Arbitrum Audit Program Tally Vote

We voted for on this. While we aren’t entirely comfortable with how this transition happened, we put a lot of weight on the ADPC’s recommendation to go forward with the Foundation’s plan. We also appreciate the additions around the transparency reports.


TMC Stablecoin Recommendation Snapshot Vote

We voted for on this. We don’t think the fee structure is the best for all three providers but we think they’re all capable and the strategies they put forth seem reasonable.


TMC ARB Recommendation Snapshot Vote

We voted against this. While covered calls do seem like a reasonable strategy, we’re a bit concerned that both providers chose one platform to run this portion on. We would be more comfortable with a smaller allocation to run this, or finding additional venues to diversify risk a bit.

March 2025 Security Council election

We used all our voting power to support OpenZeppelin. There isn’t a lot that’s particularly interesting to say here. OZ is a well known and trusted organization, and while only one person is responsible for being a signer, we think there are clear benefits to having an entire team of people who can be tapped for help on any given issue.

Approval of STEP 2 Committee’s Preferred Allocations

We voted for on this. We were already aware of WisdomTree and Franklin Templeton, but are especially interested in seeing how Spiko performs.


The Watchdog: Arbitrum DAO’s Grant Misuse Bounty Program Tally Vote

We voted for on this. While we think there are some improvements that could be made, such as finding a way to pay rewards from somewhere other than the Foundation, some program is better than nothing. We weren’t familiar with this platform, but some brief research shows it’s been used by organizations like Amnesty International which we believe lends enough credibility to it for DAO use.

[Non-consitutional]: Top-up for Hackathon Continuation Program

We voted for on this, staying with our past position on similar topics. We once again would like to see a some kind of process established to standardize situations like this, as we see some obvious disparity in how the DAO has responded to different proposals of this nature.

DeFi Renaissance Incentive Program (DRIP)

We voted for this at this stage. We think ecosystem-wide incentives given directly to users are simpler to run and will produce data that is at least a little bit more standardized and useful for analysis. We’re glad to see that Entropy is taking ownership of this initiative, but echo some other delegates comments around how much power they actually have to make decisions with the current committee structure and membership. As far as community input, we hope that this will extend into selecting KPIs as well, so that each protocol has some input on what may or may not make sense for them to be measured on.

[CONSTITUTIONAL] AIP: ArbOS Version 40 Callisto onchain vote

We voted for on this. Maintaining parity with mainnet is important, and the only major issue brought up in the audit was also noted as being addressed.

[Constitutional] AIP: Constitutional Quorum Threshold Reduction

Voted for:

Adjust the Voting Power of the Arbitrum Community Pool & Ratify the Agentic Governance Pivot

We voted to reduce the delegation down to 0 here. While we found the initial design compelling, we felt that the pivot to agentic governance was far enough from the original proposal that it should start fresh. We’d also like to note that 100k is still a large delegation in relation to some other active delegates.

Wind Down the MSS + Transfer Payment Responsibilities to the Arbitrum Foundation

We voted for on this. This is just another part of the DAO’s transition to a more efficient entity. We have some concerns around centralization and accountability, but feel this is an unavoidable byproduct of the path the DAO has chosen to follow. We hope that this function is turned over to OpCo in the future.

Reallocate Redeemed USDM Funds to STEP 2 Budget

Voted for, this seems largely procedural. The funds should continue to be used to further the DAO’s goals in its RWA programs.

Updating the OpCo Foundation’s Operational Capability

We intended to vote for on this, but at the time of writing we don’t have all the signatures necessary and may not before the vote closes. Our rationale is here:

Let’s improve our governance forum with three proposals.app feature integrations

We intended to vote for on this, but at the time of writing we don’t have all the signatures necessary and may not before the vote closes. We weren’t comfortable with the original cost, but feel that the reduced ask could be workable. We only find one of the proposed features compelling for our use, but the team has indicated that they are willing to iterate on the proposed ideas to make them more useful for a wider range of delegates. We’re also hoping that this would allow the DAO to leverage the expertise, and possibly the data, of the team to help others build tools for the forum.

DeFi Renaissance Incentive Program (DRIP) onchain vote

We voted for, mostly for the same reasons as the snapshot stage. There is still a lot of ambiguity in this proposal which we’re not entirely comfortable with, specifically around measuring success, and a lack of formal mechanisms for the DAO’s feedback. However, we recognize that Entropy feels they need the flexibility to be able to adjust the program as they see fit and defining those things now may hinder them in some way later. We’re relying on the ability to clawback funds as our protection here.

Arbitrum Treasury Management Council - Consolidating Efforts

Voted for, reasoning here:

[Constitutional] AIP: Remove Cost Cap on Arbitrum Nova

We voted for on this. Nova sees very little use, and subsidizing the cost no longer makes any sense.

[CANCELED] CONSTITUTIONAL Register the Sky Custom Gateway contracts in the Router

Voted against, canceled.

[CONSTITUTIONAL] Register the Sky Custom Gateway contracts in the Router

Voted for. Pretty much the same reasoning. We’d have liked to see this process take less time, ideally passed to one of the AAEs that is more equipped to help with these kinds of requests.

[Constitutional] AIP: Constitutional Quorum Threshold Reduction

Voted for. Same reasoning as before

As Vertex has been acquired by Ink, our participation in Arbitrum governance through this entity will be coming to a close. While there are currently no plans to re-establish a delegate under the new organization, we remain proud of the collaborative progress made within the Arbitrum DAO across numerous projects, individuals, and other governance participants over the past several years.

It has been a privilege to support the ecosystem’s growth and engage with such a committed and forward-thinking community brimming with potential. We extend our sincere gratitude to our fellow delegates and contributors for the shared journey and wish everyone continued success in shaping the future of DeFi on Arbitrum.

Cheers,

The Vertex Team

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You were a fantastic delegate. Thank you for your service.

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Agreed with Jojo, thank you very much for your active participation in governance and your critical perspective aimed at helping improve things. Hopefully we’ll see you around here again soon!

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