May 2024 Voting Updates
Double-Down on STIP Successes (STIP-Bridge)
Vote: For
Type: On Chain
The reason why we went over the edge and voted yes on this was because of the ability of the DAO to veto certain addendums. Overall, our reasoning was very similar to our forum comments and snapshot vote from prior.
15 LTIPP Proposals
Vote: For/Abstain
Type: Snapshot
We have voted For and Abstain on these votes based on how well we thought the proposals were.
GovHack at ETH CC (Brussels)
Vote: For
Type: Snapshot
Both members from the team went to the most recent GovHack event and were big fans of the hackathon. Overall, running something like this again in Brussels would be a great use of funds and time. One thing we think could be worth doing is broadcasting this event a little more leading up to the event as it felt like we didn’t see too much media and hype leading up to the hackathon.
Grant Request - Curve Finance
Vote: For
Type: Snapshot
This proposal as a whole is a bit confusing as it is grouped in and proposed at the same time as the LTIPP proposals. However, seeing that this grant is both small in nature as well as matched by Michael, the founder of Curve, we think this is worth it for the DAO. The allocation of the funds makes sense to us and this is a nice precedent for protocols applying for grants.
Proposal for Approval of DeDaub as the ADPC Security Advisor
Vote: For
Type: Snapshot
We voted FOR this proposal as the ADPC’s decision to onboard DeDaub was a result of feedback from delegates. The cost seems to be reasonable, and we appreciate the team for turning to the DAO for incorporating this addendum to the original proposal.
GovHack at ETH CC (Brussels)
Vote: For
Type: On Chain
Similar reasoning to the positive vote on the snapshot. We’re excited to see more GovHacks in the near future.
Pilot Phase: M&A for Arbitrum DAO
Vote: For
Type: Snapshot
Firstly, the approach that Areta has taken in terms of introducing this topic to the Arbitrum DAO was done quite well. From an outsider’s perspective, an M&A unit for a DAO can seem rather outlandish–and in a way it is, largely because this is unexplored territory. Therefore, easing the DAO to this idea via a 6-week ideation phase, and now, if this Snapshot passes, a more constructive research phase, is the right way to approach this initiative. Having been on a handful of these calls, it’s been helpful to hear Areta’s thought process, along with their team’s willingness to incorporate delegate feedback.
The general merits outlined by Bernard and team are clear. Most previous M&A deals are led directly by a legal entity separate from the DAO, like a Labs or Foundation. However, as an ecosystem matures and adopts a goal of progressive decentralization, it’s logical that the DAO itself becomes responsible for creating and managing strategic synergies via talent and technology acquisitions. For these reasons, our team is in support of approving this pilot phase.
Even if this group isn’t fully formalized after the pilot phase, it’s important that this sort of research is conducted. The lack of standardization and exploration into unique forms of valuation and legal structures in crypto can make this industry quite messy, deterring many traditional players from entering the space. Establishing these working groups will hopefully allow us to develop streamlined and systematic mechanisms for advancing DAOs. Piggybacking on traditional models like the mentioned “build vs buy” and shifting that over to a “fork vs build”, for instance, is one instance that highlights this thought process.
Grant Request - Curve Finance
Vote: For
Type: On Chain
In similar reasoning to our snapshot vote, we are in favor of this grant request that will be matched by Michael.
Front-end interface to force transaction inclusion during sequencer downtime
Vote: For
Type: On Chain
In similar reasoning to our snapshot vote, we are in favor of this front end inclusion for simplicity and ease.
Pilot Phase: M&A for Arbitrum DAO
Vote: For
Type: On Chain
In similar reasoning to our snapshot vote, we are in favor of this pilot phase to test our a new concept and idea for the DAO.
April Delegate Incentive Program
The UADP received its second delegate incentive from the Arbitrum DAO’s Delegate Incentive Program.
A total of 4580 ARB was sent to our multisig (0x8326D18edfC50B4335113C33b25116ec268FF3fE) and can be found here. This amount is based on a couple of criteria: snapshot participation, onchain participation, communicating rationale behind the votes, and productive forum conversation, based on the quality of the feedback provided on the forums.
This first initiative is a 6 month period with goals to renew it continuously. We are planning on splitting these tokens in the following manner:
- 50% of the ARB stays with the UADP multisig for the sake of increasing the longevity of this program with the goal of one day self being self funded.
- 50% is split evenly among the two UADP contributors
We will communicate future monthly delegate “scores” and incentives in this thread going forward.