Overall Goals for Arbitrum DAO

At Entropy Advisors, our primary objective for the Arbitrum DAO is to ensure that the Arbitrum tech stack becomes the most widely adopted infrastructure in the entire blockchain ecosystem. We envision a world where investors, users, and developers focus on contributing to the Arbitrum ecosystem without even making the conscious decision to do so, primarily because the network effects have grown so exponentially that “Why Arbitrum?” is no longer a question being asked. We believe the Arbitrum tech speaks for itself in practice, and that with proper stewardship and contributions to the Arbitrum DAO, the aforementioned question will turn into “Why not Arbitrum?”. 

We are interested in contributing to all areas of the Arbitrum ecosystem as needs arise, but will be focusing on improving governance participation as well as tooling and protocol decentralization. The Arbitrum DAO is Entropy Advisors’ only customer, which is not something many other Arbitrum delegates can tout today. Our employees have extensive experience in research and have been active across numerous DAOs in the past, but have identified Arbitrum as the most promising technology stack and want to put all of our time, effort, and collective brainpower into ensuring the sustainable growth of the ecosystem – powered by the Arbitrum DAO.  

Put simply, we believe in a diverse and highly capable delegate base, a DAO that is sustainable through diversified and robust revenue streams, responsible and carefully calculated spending that encourages the growth of the ecosystem, a highly intellectual group of service providers that can effectively execute on tasks on behalf of the DAO, and measures for accountability/processes that can stand the test of time.

Sample Voting Issue 1: Uniswap X Flipside Partnership

Our Take: Against

In our view, this proposal gives too much power to Flipside as the primary allocator of the UNI being spent by the DAO, and also unfairly entrenches a data provider into the Uniswap ecosystem. To the former point, we do not believe it makes sense to give Flipside such a significant amount of power over which projects and metrics should be analyzed. These are ultimately meant to be community tools, so why would the broader community not have some representation/voice in what activities are incentivized? To the latter point, $25M is a lot of money. We believe that Uniswap would make a better impact with a program of this size by running an open bounty program available to all data providers, with no conflicts of interest on the council allocating funds. Companies like Dune, Artemis, Nansen, etc. would likely be interested in building out some of the things being proposed, and we believe that more competition often leads to better results. The conflict of interest that Flipside presents makes this proposal difficult to support. We would recommend Flipside removing themselves from the decision making process, thus creating a level playing field for all data providers. 

Sample Voting Issue 2: FEI RARI Hack Reimbursement

Our take: Full Reimbursement 

We believe that in most cases, one of the DAO’s primary responsibilities is to ensure the safety of its members. This was an unfortunate situation where millions of dollars of innocent users' funds were stolen due to an exploit, and the DAO had enough assets to fully reimburse the users who were affected. It could also be worth looking at other opportunities available to the DAO and whether the reimbursements should be made today versus in the future. While every hack has its own nuances and needs to be evaluated in isolation with all of the relevant facts, we believe that in this scenario all users should be reimbursed with idle funds that were supposed to belong to the DAO in the first place. 

Languages we speak & write

English, Finnish, Swedish

Disclosure of Conflict(s) of Interest

We work with Arbitrum, meaning that conflict of interest situations could potentially arise in the future. In any such cases, we pledge to abstain from voting and clearly divulge any COIs in the forum.