The Arbitrum Security Council Election Primitive

The Tally Newsletter, Issue 106

Jul 26, 2023

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

RRC-10: H2 2023 RARI Foundation Operational Budget

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

RRC-11: On-chain Protocol Governance and Security Council

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

🦄 Uniswap

Uniswap v3 on Base

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

🟡 NounsDAO

Establish Nouns FGC (Fighting Game Community) at EVO 2023

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

cc0-lib.wtf - A Nounish Public Goods CC0 Library

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

Extend maty's Nouns Proposals Tracking Work

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

Make Droposals Great Again

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