Entropy Advisors
Entropy Advisors
ARB-9.95%
🧵 Weekly DAO update on @arbitrum! On @tallyxyz: 🔹 DRIP is live On @SnapshotLabs: ✅ STEP 2 Budget Reallocation passed 🔹 OpCo Foundation Ops Update is live 🔹 Proposals .app Forum Upgrades is live Quick update on them below 👇🧵
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1/ "DeFi Renaissance Incentive Program (DRIP)" DRIP proposes a new framework for incentives on Arbitrum - shifting from protocol-based to assets and activity-based. 🔹 3-month "seasons" targeting specific goals 🔹 Up to 20M ARB per season (80M ARB total cap) 🔹 Committee: Entropy, Arbitrum Foundation, Offchain Labs 🔹 Distribution + evaluation handled by selected partners The goal: attract popular, high-impact DeFi activity from other ecosystems to Arbitrum One in a sustainable manner.
2/ DRIP vote status update 🗳 Quorum threshold: 3% (~133M ARB) 📈 ~60% Quorum Progress ✅ Currently: ~79M in favor Support rate: 90.40% with 4,300 voters ✔️ Voted FOR: Gauntlet, Camelot, Olimpio Have Not Voted: L2Beat, Wintermute, GMX 🕒 4 days left! Voting ends June 20.
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3/ "Updating the OpCo Foundation’s Operational Capability" Proposal aims to: 🔹 Remove limits on service contracts 🔹 Allow flexible spending beyond ops 🔹 Update token comp structure 🔹 Revise OAT election rules 🔹 Refine conflict of interest policy 🔹 Expand OpCo's mandate Pushes OpCo toward a more proactive DAO execution arm. 🗓 Live on @SnapshotLabs, voting ends June 19.
4/ "Let’s improve our governance forum with three proposals .app feature integrations" Proposal aims to: 🔷 Show live votes in forum threads 🔷 Display delegate voting power on comments 🔷 Add email alerts for proposal events Improves UX and boosts transparency for @arbitrum governance. 📅 Live on @SnapshotLabs, voting ends June 19.
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