Arbitrum DAO - DAO Core contd.
Multisig Support Service (MSS)
To date, the MSS has spent 26k ARB relating to the r3gen Token Flow Reports and due to favorable ARB price movements, had sufficient ARB on hand as at 30 September to cover service provider fees. It has created 6 DAO multisigs to date, some of which have been used and others in anticipation of votes passing.
Balance in Wallet ARB574k USD346k
Surplus / (Shortfall) to pay Roles USD28k
Entropy Advisors: Exclusively Working With Arbitrum DAO
As at 30 September 2024, the Entropy multisig had not spent any ARB it received. Entropy has hired a data analyst and is in the process of building out their team - this should lead to funding being drawn down on in future months.
Event Horizon - Voter Enfranchisement Pool
The Event Horizon proposal creates a public-access metagovernance block - it aims to enfranchise small voters by delegating 7M ARB to a public access-voter block subject to a non-optimistic 1-year renewal. This delegation gets mobilized by Voter Pass functionally giving underrepresented DAO citizens multiplied voting power and more incentive to express their voices.
There is also a 325k ARB grant split between: - 200k ARB to the team to maintain the proposal for 1-year - 125k ARB to the 5-person Oversight Committee
The proposed committee members were: - Michael (Open Zeppelin) - Frisson (Tally) - Jordan (Event Horizon) - Juanbug (PGov) - DisruptionJoe (Arbitrum Delegate)
Subsequently, it was decided that the MSS would replace the oversight committee. The 125k ARB that was already transferred relating to the Oversight Committee was therefore returned to the DAO treasury wallet on 24 September 2024.
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