We’re back. This week we are tracking ongoing initiatives in the Arbitrum Ecosystem with ETHCC coming and Stylus updates, reviewing new proposals, and voting for delegates.
Let’s dive into this week’s Arbitrum DAO news 🚀
Stylus is now available on Arbitrum Sepolia
See you in Brussels at #ETHCC
Mint an open edition #Arbizuki
Arbitrum GovHack Brussels is Coming
Onboarding to the Arbitrum DAO
Discussions and Proposals
Voting Reminders
Governance Calls
DAO Resources
The launch of Stylus on June 17, 2024, is accompanied by the Stylus Blitz Hackathon, offering a $15,000 prize for 10 projects. Stylus provides significantly higher efficiency in computing and memory costs, being interoperable with Arbitrum’s EVM. The hackathon will run from June 24 to July 7, featuring project presentations and winner selection.
ETHCC will be held in Brussels, Belgium, from July 5 to 14, featuring web3 leaders and developers. The highlight is the Arbitrum GovHack from July 5 to 7, with $20,000 in prizes for projects on the Arbitrum protocol. Community meetings, talks, and the ETH Global Hackathon will also take place during the event.
For the Arbitrum community, there’s an open edition of Azuki #723 on Arbitrum via Zora with a minting fee of 0.000777 ETH.
The open mint will last for one month! Mint your Azuki #723 here.
Savvy offers non-liquidable credits in ETH mints (svETH), using profits to generate more credits. Deposits for loans are accepted in stablecoins, BTC, ETH, and other cryptocurrencies, while the native token SVY enables unlocking features and earning rewards.
Learn more about Savvy | Savvy Docs
Arbitrum GovHack Brussels will be held in Brussels from July 5th to 7th, inviting Web3 developers to participate in bootcamps, DAO presentations, and networking. Prizes totaling $20,000 will be awarded to the winning projects.
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.
Arbitrum DDA 2.0 Program is requesting an additional $1 million in funding due to market fluctuations in the ARB token price, which reduced the originally planned $4 million to $3.397 million. This proposal ensures the program’s full execution and includes a contingency plan to return any surplus funds to the DAO.
Ask: $1 Million USD
The STEP committee has shortlisted 17 products for further evaluation starting this June. These products were chosen for their potential to minimize risk, generate revenue uncorrelated to crypto markets, and grow the RWA ecosystem. The shortlist includes Backed, Centrifuge Anemoy LTF, DigiFT DRUST, among others.
Encouragement: Unsuccessful applicants are encouraged to explore other opportunities within ArbitrumDAO programs.
The following proposals are available for voting, and we encourage all delegates to analyze and exercise their right to vote.
Kwenta x Perennial: Arbitrum Onboarding Incentives (Tally)
This proposal seeks a one-off grant of 1.9M $ARB, reduced from an initial request of 4.5M $ARB. The aim is to onboard significant new capital and users to Arbitrum by leveraging Kwenta’s existing user base and Perennial’s infrastructure. The incentive mechanisms and detailed execution strategy are designed to maximize user onboarding and retention, ensuring long-term benefits for the Arbitrum ecosystem.
Ask: 1.9M $ARB
Deadline to vote: Monday, 24 June, 2024
ArbitrumHub Evolution (Snapshot)
This proposal aims to further develop ArbitrumHub as the central hub for the ArbitrumDAO community, unifying updates, meeting details, and event insights. It emphasizes security, design, and transparent community engagement, consolidating resources and incentivizing involvement.
Ask: 160,000 $ARB
Deadline to vote: Wednesday, Jun 26, 2024
Multisig Support Service (MSS) Elections (Snapshot)
The application period for the MSS has closed, and the DAO is invited to vote on the top 12 candidates for the Multisig Support Service. The selected candidates will form the committee. Comprehensive details on each of the 40 applicants are available here. Weighted voting allows you to allocate 100% of your vote to one candidate or split your vote across multiple candidates.
Deadline to vote: Thrusday, June 27, 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.
June 24: ARDC Weekly Sync, Arbitrum DAO Onboarding and Developer Relations Fellowship Group.
June 25: Business Development Fellowship.
June 26: Arb M&A Pilot Phase Bi-weekly and Arbitrum Open Governance Call.
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.
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! 💙🧡
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