New opportunities for program managers within the DAO, proposals to analyze and vote on, new achievements for the Arbitrum ecosystem, as well as a new working group.
Let’s dive into this week’s Arbitrum DAO news 🚀
Security Council Updates
Arbitrum Close to Achieving $150B Swap Volume
Arbitrum Ecosystem Spotlight: Footium
RFP Process for Innovative Grant Programs and Managers
Onboarding to the Arbitrum DAO
Discussions and Proposals
Voting Reminders
Governance Calls
DAO Resources
ArbitrumDAO is currently in the process of electing 6 new members for the March 2024 Cohort of the Security Council from a pool of 20 qualified candidates.
This final voting phase will last for an additional 8 days, during which delegates can vote for nominees who have passed compliance checks.
Delegates can split their votes across multiple nominees, with 1 token representing 1 vote.
Delegates are advised to read this forum post to understand the key attributes to consider when evaluating nominees.
Delegates can also review the recording of the call where candidates presented their pitches.
Arbitrum is poised to surpass $150 billion in swap volume, a first for Layer 2 networks. This milestone underscores Arbitrum’s leadership in the decentralized finance (DeFi) sector.
For detailed data and insights, check this dashboard.
Every two weeks, we’ll feature different projects from the Arbitrum Ecosystem.
Footium is a multiplayer football management game where players own and manage their own digital football club.
Learn more about Footium | Footium Club
This initiative aims to attract innovative grant program ideas and identify dynamic program managers ready to lead them, focusing on diversity, strategic funding, and addressing immediate needs within the Arbitrum DAO.
Key Details:
Funding Available: Up to 3 million ARB for 5-10 programs.
Focus: Scalability and strategic impact, aiming for a “one dollar in, two dollars out” strategy.
Deadline: Applications close end of April, with decisions by mid-May.
How to Get Involved:
Submit a Grant Program Idea: Apply here
Apply as a Program Manager: Apply here
Over 50 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.
A list of contributors with different backgrounds and interests in the DAO will be created. If you’re a member of a working group in the DAO, interested in recruiting new members or contributors for your initiatives, or involved in creating a new proposal, etc., feel free to reach out on TG at @ArbitrumDAOOnboarding so we can connect you directly with interested contributors.
You can find more details about this working group in the Arbitrum Forum.
Hack Humanity is gearing up to replicate the success of GovHack Denver by hosting GovHack Brussels to coincide with ETH CC.
The proposal aims to solidify Arbitrum’s presence at a key Ethereum event, enhancing community ties and attracting global talent. The strategic importance of ETH CC makes this an essential opportunity for demonstrating Arbitrum’s leadership in the Ethereum ecosystem.
They are seeking $309k from the Arbitrum DAO to create an immersive three-day event prior to the conference, focusing on fostering community engagement and showcasing Arbitrum’s capabilities in decentralized governance.
Ask: $309k ARB.
The Arbitrum M&A Working Group is proposing the establishment of a dedicated M&A Unit within the DAO. This unit will focus on identifying and executing merger and acquisition opportunities to strategically enhance the Arbitrum ecosystem.
The primary motivation for establishing an M&A Unit is to enable Arbitrum to deploy capital effectively and expand its ecosystem through strategic acquisitions. This untapped strategy in the crypto space presents a significant opportunity to set a precedent and capture untapped value, thereby maintaining Arbitrum’s competitive edge.
Ask: $50k ARB for Pilot Phase.
Stylus represents a strategic enhancement to the Arbitrum ecosystem by supporting additional programming languages, which can potentially lead to innovation and diverse application development.
This upgrade is expected to reduce execution costs significantly while improving the safety and security of smart contracts. Furthermore, ensuring interoperability between different programming paradigms within the same ecosystem will facilitate smoother transitions and integrations for developers.
This proposal introduces the Arbitrum Treasury Token Swap Program aimed at electing five dealmakers to negotiate token swaps with key ecosystem apps.
Ecosystem Growth: Token swaps ensure long-term platform commitment from builders and integrate mature apps more deeply into Arbitrum’s ecosystem, potentially including Orbit L2 adoption.
Treasury Diversification: Enhances treasury assets beyond stablecoins by acquiring strategic stakes in ecosystem projects, promoting mutual growth and ensuring ecosystem loyalty.
Ask: 210,000 ARB
The Arbitrum Expansion Program is proposed to be expanded to enable deployments of Orbit chains on blockchains beyond just those deriving security from Ethereum. This proposal seeks community feedback on allowing Orbit chains to launch on networks like Bitcoin, Binance Smart Chain, Cosmos, among others.
Revenue Potential: Broadening the permissible deployment landscape could significantly enhance revenue streams for ArbitrumDAO due to a higher number of deployments.
Industry Influence: By allowing Orbit to deploy widely, Arbitrum could reinforce the dominance of EVM-compatible technologies, promoting further adoption across diverse blockchain environments.
Ecosystem Advantages: While restricting Orbit chains to Ethereum-related blockchains could centralize and strengthen the Ethereum ecosystem, diversification may prevent potential limitations exclusive to Ethereum and address evolving definitions and configurations in blockchain technology.
The following proposals are available for voting, and we encourage all delegates to analyze and exercise their right to vote.
GovHack at ETH CC (Brussels) (Snapshot)
The proposal aims to solidify Arbitrum’s presence at a key Ethereum event, enhancing community ties and attracting global talent. The strategic importance of ETH CC makes this an essential opportunity for demonstrating Arbitrum’s leadership in the Ethereum ecosystem.
Seeking $309k from the Arbitrum DAO to create an immersive three-day event prior to the conference, focusing on fostering community engagement and showcasing Arbitrum’s capabilities in decentralized governance.
Ask: $309k ARB.
Deadline to vote Thursday, May 2, 2024.LTIPP Applications (Post Council Feedback)(Snapshot)
Protocols not initially recommended by the council have now submitted their proposals to Snapshot. They are available with comments and feedback, enabling the community to determine their eligibility for funding from the LTIPP program.
Deadline to vote Thursday, May 2, 2024.
Double-Down on STIP Successes (STIP-Bridge) (On-Chain)
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.
Ask: 37.6M ARB.
Deadline to vote Friday, May 3, 2024.
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.
Arbitrum DAO Onboarding
Change Arbitrum Expansion Program to allow Orbit Chain deployments on any blockchain - Governance Call
Gov Call for RIP7212 and Nova Fee Router proposals
Kickoff Grant Program Manager Coaching Session
Arbitrum Open Governance Call
M&A Working Group
You can subscribe and add the Arbitrum governance calls to your calendar here
Here are some valuable resources of the Arbitrum DAO:
Don’t forget to subscribe to this newsletter: Arbitrum DAO News 😉
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.
About us, @ocandocrypto and @eugenia, we’re core contributors to web3citizen.xyz.
Reach out to us on @web3citizenxyz - we would love to hear your feedback!
Until the next edition, happy governing! 💙🧡
No posts
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.