The DAO has successfully elected a new Security Council, and with it comes a new advisor to support the development of delegate initiatives, new contributor proposals, and incentive outcomes.
Let’s dive into this week’s Arbitrum DAO news 🚀
Security Council Elected
Arbitrum GovHack Save the Date
Mint an open edition #Arbizuki on Zora
Arbitrum Ecosystem Spotlight: On This
Introducing Entropy Advisors
Questbook DDA 2.0 is live
UAGP Grants Updates
STIP Program Updates and Reports
Arbitrum Fellowships Groupss
Onboarding to the Arbitrum DAO
Discussions and Proposals
Voting Reminders
Governance Calls
DAO Resources
The New Security Council Cohort has been Elected.
Congratulations to the 6 newly appointed members: Bartek.eth, Zellic, Yoav.eth, Fred, Certora, and OpenZeppelin.
A grace period is now in effect until May 16, after which the election results will be officially effectuated.
Mark your calendars for Arbitrum GovHack ETHcc Brussels, happening July 5th, 6th, and 7th. This exciting event, powered by Hack Humanity, promises to be a hub for innovation.
Stay tuned for full details and the application opening date, it’s coming soon!
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.
Onthis offers no-code tools that enable anyone to build on the blockchain without needing prior development experience. Users can create their own ERC20 tokens, bridge and swap ETH across different chains, or conduct multiple token trades in a single transaction.
Learn more about On This | On This Docs
A new governance advisory firm, Entropy Advisors, has been launched to support the Arbitrum DAO. Founded by industry veterans Matt Fiebach and Sam Martin, Entropy Advisors will focus on streamlining the DAO’s operations and tackling challenges like decision-making, member alignment, and attracting skilled contributors.
For more information and contact details for Matt and Sam, click here.
DDA 2.0, a new initiative spearheaded by Questbook and backed by a $4 million budget approved by the DAO, is set to fuel growth within the Arbitrum ecosystem. With a focus on Arbitrum Dev Tooling, Arbitrum Gaming, Arbitrum New Protocols & Ideas, and Arbitrum Education, Community Growth & Events.
The funding cap per proposal has been increased to $50,000, enabling larger, impactful initiatives, while proposals exceeding $25,000 will undergo additional oversight from two domain allocators.
Explore the full details and application process here.
The second cohort of grantees delivered impressive results in March & April, with over 120 applications showcasing program popularity. So far, 11 projects are officially on board, receiving a total of $156k USDC this period and over $1 million allocated for future milestones.
Four grantees even achieved a combined 7 milestones, including funding and development progress. This program is fueling innovation within Uniswap and Arbitrum, and stay tuned for more updates, including grantee feedback.
For full program details and application process click here.
The STIP Bridge Challenge is now underway, alongside the release of a comprehensive STIP Program Update and Report.
If you want to check challenge and review period clarification details, just click here.
The full STIP Program Updates and Report can be found 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.
You can find more details about this working group in the Arbitrum Forum.
This proposal outlines the creation of a “Multi-sig Support Service” (MSS) to reduce costs, improve efficiency, and enhance transparency.
Ask: 400,000 ARB
BOLD aims to enable permissionless validation across Arbitrum chains and enhance security by mitigating delay attacks. This protocol ensures that any single honest party can successfully defend against false claims to an Arbitrum chain’s state, marking a crucial advancement towards establishing Arbitrum as a Stage 2 Ethereum rollup.
You can also view “Uncovering BOLD & Permissionless Validation” by OffchainLabs here.
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.
This proposal seeks to streamline the handling of transaction fees on Nova by automating their transfer to the Arbitrum DAO Treasury on Arbitrum One. This system change will allow for faster, more efficient access to funds and simplify financial management within the DAO.
This proposal advocates the adoption of RIP-7212, which introduces a precompile for the secp256r1 curve, facilitating the use of account abstraction wallets that leverage passkeys and secure enclaves. The implementation of this precompile aims to significantly reduce operational costs and improve the user experience on Arbitrum One and Nova.
You can also view the recording of the Gov Call discussing the RIP-7212 and Nova Fee Router Proposals here.
The following proposals are available for voting, and we encourage all delegates to analyze and exercise their right to vote.
M&A for Arbitrum DAO (Snapshot)
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.
Ask: $50k ARB for Pilot Phase.
Deadline to vote Wednesday, May 15, 2024GovHack at ETH CC (Brussels) (Tally)
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 Voting period begins on Saturday, May 4th.
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.
Multiple Non-Council Recommended LTIPP Projects (https://forum.arbitrum.foundation/t/clarified-process-for-non-council-recommended-applications-to-move-to-snapshot/23257) proposed to have their applications reconsidered on Snapshot - (13 out of 14) Passed ✅
ARDC DAO Advocate Discussion with Arbitrum DAO
Arbitrum DAO Onboarding
Ecosystem Mapping Fellowship
Business Development Fellowship
Incentives Working Group Call
Education Fellowship Group
ADPC Call
AVI Working Group Call
Social Media Fellowship Group
You can subscribe and add the Arbitrum governance calls to your calendar here
Here are some valuable resources of the Arbitrum DAO:
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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