Arbitrum DAO News: 77 LTIPP Applications Ready for Snapshot Voting, April 10th ‼️
Providing concise and timely summaries of the most significant events in the Arbitrum DAO each week.
A week kicking off with 77 proposals up for voting on Snapshot, on-chain voting, and new proposals and discussions to review. It’s indeed a busy week for delegates, but also a sign of significant growth for the Arbitrum ecosystem.
Let’s dive into this week’s Arbitrum DAO news 🚀
TL;DR - Snapshot of the Week
Delegate Incentive Updates about LTIPP Applications
Arbitrum DAO Onboarding Working Group
Double-Down on STIP Successes (STIP-Bridge)
Defending Open Source
DeFi Education Fund
Voting Reminders
Governance Calls
DAO Resources
Ecosystem News
Security Council Elections
ArbitrumDAO is currently in the process of electing 6 new members for the March 2024 Cohort of the Security Council out of 44 candidates who have applied for the role during the Contender Submission.
Today, 22 qualified candidates are currently under compliance review by the Arbitrum Foundation.
This step is essential to determine who will move to the next stage.
DAO News
Delegate Incentive Updates about LTIPP Applications
77 applications for the LTIPP program are now available on Snapshot for delegates to vote on the projects that should be part of the LTIPP incentives.
Here you can view the Council's feedback for each participating protocol.
Note: This month will be a very busy one for delegates, so to avoid unnecessary spam Incentive Delegate Program Manager will NOT consider the COMMUNICATION RATIONALE and COMMENTING IN PROPOSALS parameters for LTIPP proposals. Voting is essential to continue applying for the program.
Arbitrum DAO Onboarding for new contributors
Over 30 new individuals interested in contributing to ArbitrumDAO have attended the welcome calls in the first weeks of the onboarding group’s execution. In the coming weeks, they will receive participation instructions tailored to their profiles and skills.
If you’re interested in participating, the meetings occur every Monday at 1 pm UTC and Thursday at 11 pm UTC.
Please make sure to add the Arbitrum DAO Calendar for the full schedule and the most accurate times.
Double-Down on STIP Successes (STIP-Bridge)
The STIP Bridge is a strategic initiative within the LTIPP program designed to support key protocols in the Arbitrum ecosystem, providing a bridge to the forthcoming Perpetual Incentives Program. It aims to sustain Arbitrum’s market position by offering timely incentives to essential projects, ensuring their continued commitment and engagement in a competitive Layer 2 landscape.
The latest updates based on community feedback have been published for review before going on-chain.
Some Governance Discussions:
Proposal [Non-Constitutional]: Defending Open Source: A United Stand for Developer Rights and Software Freedom
This proposal supports Coin Center, focusing on defending software developers’ rights and privacy through advocacy, policy, and litigation efforts. It emphasizes the significance of protecting the freedom to develop and deploy open-source software without facing legal challenges.
Ask: Amounts varying from $1.5 million to $2.5 million ARB.
Proposal [Non-Constitutional]: Funding DAO Legal Defence and Advocacy with Defi Education Fund
This proposal seeks to fund the DeFi Education Fund 2 (DEF) with 1M ARB to support their mission in advocating for decentralized finance developers and users and outlines a two-phase funding plan: an initial 500,000 ARB transfer followed by another 500,000 ARB six months later, contingent on DEF’s regular updates and continued advocacy focus on DeFi and DAOs.
Ask: : $1M ARB
Subsidy Fund for Security Services
The ADPC has proposed a subsidy fund ($10M USD in ARB) to support up to 50 projects in the Arbitrum ecosystem by covering the costs of security audits from pre-approved service providers.
The fund aims to distribute subsidies across four cohorts over an 8-month period, with an average allocation of $200K worth of ARB per project and a maximum of $500K. The ADPC will evaluate applications to ensure equitable access and prevent exploitation.
Ask: $10M in ARB.
AIP: Activate Stylus and Enable Next-Gen WebAssembly Smart Contracts
The proposal to activate Stylus on Arbitrum One and Nova aims to enhance the Ethereum Virtual Machine by allowing smart contracts in Rust, C, and C++, promising to attract more developers, reduce costs, and ensure interoperability.
Proposal: Request to match my donation to boostrap Curve Lending on Arbitrum
Michael Egorov, founder of Curve, has proposed that the DAO matches his donation of 237,500 ARB (i.e. total of 475,000 ARB) to support the launch of new Curve lending markets on Arbitrum.
Ask: 237.5K ARB
Kwenta x Perennial: Arbitrum Onboarding Incentives
Kwenta & Perennial present this joint proposal to request 1.5M ARB/month over 3 months (4.5M total) to fund targeted onboarding incentives to bring Kwenta users over to Arbitrum.
Ask: 4.5M ARB
The OpCo - Scale, Structure, & Synergy
The OpCo aims to enhance operational efficiency, agility, and impact within the Arbitrum ecosystem, with a proposed budget of 25 million $ARB for initial setup and operational expenses over two years.
Ask: 25M ARB for two years.
Empowering Underrepresented Delegates
Stemming from GovHack, this proposal seeks to increase participation in the DAO by empowering 10 DAO-approved, underrepresented delegates, with an additional 1M delegated ARB, each
Ask: 10M ARB.
Arbitrum’s Memecoin Fund
Memecoin fund within the Arbitrum ecosystem, with an initial budget of $3,315,000 USD in $ARB over six months.
The objective is to support memecoin projects aligned with Ethereum and Arbitrum’s principles, aiming to attract new liquidity, users, and attention by financing DeFi protocols that incorporate these supported memecoins.
Ask: $3,315,000 USD worth of $ARB
Voting Reminders
Active Proposals Live for Voting
The following proposals are available for voting, and we encourage all delegates to analyze and exercise their right to vote.
Expand Tally Support for the Arbitrum DAO (On-Chain)
Tally is proposing to expand their support for the Arbitrum DAO by:
Improving the proposal process (Forum, Temp Check and Onchain AIP all under Tally UI).
Upgrading the Governor contracts (add cancel(), Flexible Voting [voting from Orbit chains, voting from DeFi contracts, and shielded voting]).
Highlight delegate contributions (Karma integration).
Ensure that the DAO is set up for success by researching specifications for partial delegation and shielded voting.
Ask: $200.000 USD in ARB.
Deadline to vote: Friday, April 12, 2024.
Empowering Early Contributors: The community Arbiter Proposal 2.0
This proposal proposes to allocate 125,000 $ARB tokens, equal to 0.00125% of the total supply, to recognize and reward the outstanding contributions of the Arbitrum community member known as "Arbiter". Arbiter receives the arbiter community role in the arbitrum discord after having made significant contributions to Arbitrum, as recognized by members of the Arbitrum team.
Ask: $125,000 ARB.
Deadline to vote: Saturday, April 6, 2024.
We’re currently in the voting period phase (1 week), where the DAO must choose the preliminary protocols to be part of this program before moving to the compliance stage and starting distribution.Delegates, remember that to avoid unnecessary spam, the Incentive Delegate Program Manager will NOT consider COMMUNICATION RATIONALE and COMMENTING IN PROPOSALS for LTIPP proposals.
You can explore the current votes on this dashboard: Arbitrum Foundation Forum.
Deadline to vote Monday, Apr 15, 2024.
Request for Continuation of the Arbitrum DDA Program Request (On-Chain)
The Arbitrum Grants Program, facilitated through a Delegated Domain Allocation (DDA) model by Questbook, has seen significant engagement, with $912k allocated to over 60 proposals from an initial budget, demonstrating a high level of community and builder participation.
Given the positive feedback and the substantial number of quality proposals received, a new grant initiative is proposed.
This new phase will allocate $4 million across four domains in the next two quarters, aiming to sustain and expand the support for innovative projects within the Arbitrum ecosystem.
Ask: $4M USD in ARB.
Deadline to vote Saturday, Apr 20, 2024.
No longer Active Proposals for Voting
The following proposals have concluded, and we invite delegates to stay tuned for their development within the Arbitrum DAO. The approval of a proposal is just the beginning, not the end.
Expand Tally Support for the Arbitrum DAO (On-Chain) ✅
Governance Calls
🔜 Upcoming Calls:
AVI Working Group Call
STIP Bridge - Tally Proposal - Open Discussion (Twitter Space)
Arbitrum DAO Onboarding
SheFi Proposal Discussion
ARDC Weekly Sync
Arbitrum DAO Onboarding
Incentives Working Group Call
You can subscribe and add the Arbitrum governance calls to your calendar here .
Arbitrum DAO Resources
To stay connected and informed, here are some valuable resources:
Stay Connected, Stay Informed
Every week, we analyze new proposals, summarize the state of the Arbitrum DAO, and provide you with the tools to contribute and increase your impact in the Arbitrum ecosystem.
We would love to hear your feedback as we continue to provide more Arbitrum DAO news each week.
Until the next edition, happy governing! 💙🧡