The Arbitrum Security Council Election Primitive
The Tally Newsletter, Issue 106
Welcome back to the Tally Newsletter, your weekly source for DAO governance insights. I'm coolhorsegirl and I’m so stoked to be here. 🟣
This week, we’re talking a massive launch on onchain governance: the Arbitrum Security Council, backed by Tally’s election primitive. Elected onchain, these 12 members will be critical to the safe and sustained development of the Arbitrum ecosystem, and elections are coming up soon.
We also have a few proposals from Uniswap (re Base launch!), Rari Foundation governance improvements, and the usual from NounsDAO. Here we go 👇
🤿 Deep Dive: The Arbitrum Security Council Election Primitive
Onchain elections are HAPPENING, thanks to Arbitrum DAO’s Security Council backed by Tally’s election primitive.
The Arbitrum Security Council is always on call to tackle the critical risks threatening the Arbitrum ecosystem. This 12-member team doesn't just appear out of thin air; they're democratically elected by DAO members every six months. Each member signs up for a one-year tour of duty, with the first batch of members set to begin their term on September 15, 2023.
Their mission is to make crucial, time-sensitive decisions to protect the DAO, its members, and the wider Arbitrum community. But remember, with great power comes great responsibility. The DAO's members are the watchful eyes, keen to give any council member the boot (via onchain proposal) if they're not acting in the DAO's best interests.
So, how does one join this league of individuals? Well, you need to be an Arbitrum DAO member and have the backing of at least 0.2% of all votable tokens (delegates, we’re looking at you). The election process is as transparent, with the top six vote-getters earning a seat on the council. But there's a catch - no organization can have more than three of their own in the council, and candidates must be as free of conflicts of interest.
The Security Council elections are the pulse of the Arbitrum DAO's governance, democratically determining who gets to safeguard the DAO's security and integrity. Regular elections ensure the council is a true reflection of the DAO's values, not some rogue assembly of villains.
How the smart contracts work: The initial stage involves nominee selection, managed by the SecurityCouncilNomineeElectionGovernor contract, where candidates register and secure endorsements. Post selection, a Compliance Check is conducted by the Foundation to ensure nominees meet all requirements. The Member Election stage follows, managed by the SecurityCouncilMemberElectionGovernor contract, where votes are cast and decay over time to encourage early voting. After the election, the Security Council manager updates its list of council members and sends these updates to each of the Security Council Gnosis safes through a series of timelocks and withdrawals. Finally, the newly elected members are installed into the Gnosis safes, completing the process.
And the UI behind elections? That’s us—Tally!
⌛️ Onchain Proposals
Onchain DAOs are decentralized autonomous organizations that operate entirely on the blockchain, using smart contracts and other blockchain-based technologies for its operations and decision-making processes. Tally believes that true DAOs operate onchain.
🟨 Rari Foundation
Summary: 611,800 USDC to ensure the continuity of the Rari Foundation team and operations and reflects the focus areas as identified by the community for the next 6 months.
Voting ends: July 30th
Summary: 2 things: (1) establish a process by which the RARI DAO will be able to propose, vote on and execute updates and changes to the Rarible Protocol’s core contracts directly on-chain via self-executing actions and (2) establish a 3-person Security Council to perform emergency actions and routine maintenance to the protocol.
Voting ends: July 30th
Summary: After the temperature check for this proposal passed 100% to 0%, this proposal aims to deploy Uniswap v3 on Base. Base has launched on Mainnet for developers and aims to onboard users in August.
Voting ends: July 28th
Summary: 36k USDC to absolutely deck out players at EVO (expected over 7k people), the world’s largest fighting game tournament. That means swag galore, noggles of course, and planned media coverage. Unused funds will be returned.
Voting ends: July 27th
Summary: 25 ETH to continue the development for 3 months of cc0-lib.wtf, a platform that gathers all nounish cc0 materials & contents in one location for easy access and use.
Voting ends: July 28th
Summary: Fund maty to continue tracking all funded Nouns Proposals and writing the weekly newsletter for 4.5k USD/month. 4500 USDC/monthmonth until the end of 2023, a total of 36.000 USDC (including some retro pay).
Voting ends: July 29th
Summary: 20 ETH to build a super fast and easy to use droposal (proposal to issue Nouns media as canonical NFTs from the DAO) creator that also automatically updates nouns.wtf and and other frontends to feature any drops that the DAO approves.
Voting ends: July 31st
📝 10 Things To Read or Listen To
📄 “What do I think about biometric proof of personhood?” by Vitalik Buterin
🧵 “Representative governance via onchain elections” by Frisson
🧵 “9 takeaways from ETHCC” by David Phelps
🧵 “Worldcoin and Biometrics” by Ryan Berckmans
🧵 “Is Proof-of-Personhood techno-colonialism?” by Dennison Bertram
🧵 “Why DAO Masters Shut Down” by Julia Lipton
🎧 “Security Council Elections Proposed Implementation Spec” on Arbitrum Forum
🎧 “Should XRP holders really be rejoicing?” on The Chopping Block
🎧 “Legal Framework for DAOs” on Cryptosapiens
🎧 “How EIP-6968 will Change Web3 Incentives with Zak Cole” on GreenPill
💫 DAO Talk: the DAOs are forking || DT weekly ep. 47
🤭 Meme of the Week
~ coolhorsegirl 🐴
p.s.- Back home to London! After 3 years, Big Ben’s construction is done, the weather is warm, and I’m absolutely ripping my favorite kebab shop.