What is (Re)delegation Week? (+Application thread)

Governance (Re)delegation Week
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gm Arbitrum,

This is Max, I am a long-time delegate and contributor to the DAO, and the ecosystem lead of Everclear. Trying to bring to Arbitrum the perspective of builders and entrepreneurs that want to innovate and create together an onchain economy.

I’d love to be involved in (Re)delegation Week.

Original Delegate Statement

Tally Profile

Preferred time slots:

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It would be really cool if you could cut up each video so each person has a 4 minute pitch video to send out. Or just make the videos available after so we can cut our own!

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Hey everyone, In case you couldn’t join the redelegation call yesterday

Here is our slides: Curia Redelegation Slides

Thank you for all your support. If anyone has any questions about Curia, please feel free to reach out.

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Here is the recording of the first (Re)delegation Week AMA governance call: (Re)delegation Week - Delegate AMA 1 (2024-07-17 16:03 GMT+1) - Google Drive

Once all 4 calls have taken place, there will be a synchronized comms push which will include content summaries and individual clips from all registered delegates. We consciously decided to do this at the end of the (Re)delegation Week to ensure that any potential delegators can make well informed and unbiased decisions in terms of who to delegate to.

Accordingly, we would recommend that any potential delegators wait till the end of the week before deciding who to (re)delegate to

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Name: Soby

Wallet: 0x9808e45c613eba00ba18fb3d314dc4d4712c4a85

Tally: Tally | Soby

Areas I’m interested in contributing to:
Gaming development on Arbitrum
Consumer App Growth on Arbitrum
Community Growth

My stance on overall goals for the DAO:
Broadly speaking to grow the Arbitrum ecosystem through sustainable methods and decisions. Thanks to the DAO receiving sequencer revenue, Arbitrum DAO already has sustainable revenue streams coming in. The DAO also has a healthy treasury that should be allocated with long term goals in mind. As an author of the GCP I’ve already demonstrated the ability to coordinate and mobilize the DAO for large goals. Key considerations I’ll be making when voting are: will this create a meaningful increase in sequencer revenue, user onboarding, the impact of token emissions, and development of consumer centric applications that will result in an increase of important chain metrics.

Sample Voting Issue 1:

  • Uniswap planned to use Flipside to attract new users to Uniswap through bounties. Although the program outline and funding was fine, the proposal was contentious because it gave Flipside crypto too much control over allocating UNI to bounties and oversight of the entire program.
  • For instance, Flipside had 3/7 seats on the allocation committee and 1/3 seats on the Oversight committee. There was also concern since none of the other analytics service providers were involved in the proposal.
  • This proposal flew under the radar but at the 11th hour got very heated. Large votes from university clubs supported the proposal since they would get a seat on the allocation committee. However, Dune and Leshner spoke up about the issue because of the centralization of power and favor of one service provider.

I would vote AGAINST

Amendments I’d make: I would either remove the student organizations from these allocation committees or expand them to include groups who I think better represent the interests of the ecosystem. I personally believe too much governance power is given to elite institutions which seems counter to decentralization.
Flipside as a single analytics company has too much power in the proposal as is. I would suggest removing 2 of Flipsides seats on the allocation committee and giving 1 to Dune Analytics and another to the Graph. The oversight committee should also be expanded to just beyond analytics companies in the ecosystem as to provide some check on their actions.

How would you approach the tradeoff between centralization of authority and the ability to get things done?
I think authority sits within token holders hands but we need to delegate/vote for representatives on our behalf so things can get done. I’m a strong believer that we do not need to re-invent corporate governance structures. Electing committees/boards with checks and balances in my opinion is the optimal solution for balancing central authority vs the ability to get things done.

Sample Voting Issue 2:

FEI RARI Hack Reimbursement: In April 2022 Rari was hacked for 80M, a vote was passed to reimburse those affected. Then in May 2022 another vote to refund the Rari hacked was brought forward this time it was not passed.

Prompts to Answer:

Outside the flipping of the vote, how would you choose to handle this situation?
i.e should parties be reimbursed for an exploit or not? (Please choose one of the below options and then elaborate upon your reasoning)

Split Reimbursement

Hacks and technical exploits are frequent occurrence in crypto. While the average smart contract is much safer than it was a few years ago, protocols can find themselves being tested by blackhats and even state level actors. I believe it is important to consider partial reimbursements in most cases, while full reimbursements in most cases likely cause too much damage or inflation to protocols partial reimbursements should at least be considered at times where full dont. I’d also like to suggest protocols educate whales to consider purchases smart contract insurance. Onchain data supports the stance that majority of TVL is usually due to a small number of users, if those users can hedge their risk adequately then protocols can reasonably issue reimbursements when hacks/exploits happen to majority of token holders.

Preferred time slots:

Disclosure of Conflict(s) of Interest:

My company Ex Populus / Xai Gamesworks with Offchain Labs.

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Here is the recording of the second (Re)delegation Week AMA governance call: (Re)delegation Week - Delegate AMA 2 (2024-07-19 13:02 GMT+1) - Google Drive

Once all 4 calls have taken place, there will be a synchronized comms push which will include content summaries and individual clips from all registered delegates. We consciously decided to do this at the end of the (Re)delegation Week to ensure that any potential delegators can make well informed and unbiased decisions in terms of who to delegate to.

Accordingly, we would recommend that any potential delegators wait till the end of the week before deciding who to (re)delegate to

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Here is the recording of the third (Re)delegation Week AMA governance call: (Re)delegation Week - Delegate AMA 3 (2024-07-22 17:02 GMT+1) - Google Drive

Once all 4 calls have taken place, there will be a synchronized comms push which will include content summaries and individual clips from all registered delegates. We consciously decided to do this at the end of the (Re)delegation Week to ensure that any potential delegators can make well informed and unbiased decisions in terms of who to delegate to.

Accordingly, we would recommend that any potential delegators wait till the end of the week before deciding who to (re)delegate to

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Here is the recording of the fourth (Re)delegation Week AMA governance call: https://drive.google.com/drive/u/1/folders/1ZKcsnOIPb_MpalL1NAIQ6I492Y9BTDRl

Now that all calls have taken place, the Foundation will be sharing content summaries and individual clips from all registered delegates, with the wider Arbitrum community in the coming days.

Thank you to all delegates who presented on the calls :slight_smile:

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Individual presentation summaries and recordings, as well as next steps for delegators, can be found here: (Re)delegation Week - Next Steps for Delegators

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