Tally: Timeboost + Nova Fee Sweep
We are voting FOR.
After going back to review the original proposal, FAQs, Ed Felten’s Article, Trail of Bits Audit, we are to believe there is no inherent great security risk with the Timeboost implementation. Reviewing different analysis of ARDC members (OZ, Blockworks, Chaos Labs), especially after the latter, our main concern is that we have no full information on how to assess second order effects of the express lane, secondary markets, potential effects on LPs and effects of a small group of actors dominating the auction.
The DAO, however, retains full control to turn off Timeboost through a Snapshot vote if it becomes clear of Timeboost’s adverse effects.
What is clear to us is that this will mean a net positive impact on the DAO and its treasury even with a conservative estimate:
Given we have no way to assess all adverse effects with the available information, our stance is that we should proceed with caution, closely monitoring Timeboost effects and if enough adverse effects are detected, turn off the priority lane. With that in mind we vote for.