ChainLinkGod-eth Votes Against Arbitrum Community Proposal

04/10/2023 04:27 • Daily Digest • 66 views

On April 10th, the snapshot voting page showed that Chainlink Community Ambassador ChainLinkGod-eth voted against AIP-1.05, a proposal by the Arbitrum community to “return the remaining 700 million ARBs of the foundation to the DAO, And stated in the tweet: I will vote for AIP-1.1 and AIP-1.2 instead of AIP-1.05. The first two AIPs fully addressed my initial concerns about AIP-1, which poses unnecessary risks to DAOs and foundations. I doubt whether this is a credible neutral measure. If some people receive compensation while others do not, it sets a precedent where some may not receive compensation when key rotation occurs. Currently, the AIP-1.05 proposal votes in favor of it The rate is 51.68%, and the opposition rate is 46.72%. The vote will end on April 15th.

ChainLinkGod. eth opposes Arbitrum AIP-1.05, with a current opposition rate of nearly 47%

Introduction

What is AIP-1.05?

AIP-1.05 is a proposal by the Arbitrum community to return the remaining 700 million ARBs of the foundation to the DAO. This would mean that the DAO would have more liquidity and resources, which could be used for various purposes. AIP-1.05 has received support from many members of the community, who believe that it would be a positive move for Arbitrum.

Concerns with AIP-1.05

ChainLinkGod-eth has raised concerns about AIP-1.05. In the tweet, he states that the first two AIPs fully addressed his initial concerns about AIP-1, which poses unnecessary risks to DAOs and foundations. He doubts whether this is a credible neutral measure. If some people receive compensation while others do not, it sets a precedent where some may not receive compensation when key rotation occurs. These concerns have made him vote against AIP-1.05.

Current Vote Status

As of April 10th, the AIP-1.05 proposal had a voting rate of 51.68% in favor and 46.72% in opposition. The vote will end on April 15th, and the final results will be announced accordingly.

Alternative Proposals – AIP-1.1 and AIP-1.2

ChainLinkGod-eth has stated that he will vote for AIP-1.1 and AIP-1.2 instead of AIP-1.05. These two proposals aim to address some of the concerns raised by ChainLinkGod-eth. AIP-1.1 proposes a compensation plan for DAOs and foundations, which would ensure that everyone receives the same compensation when key rotation occurs. AIP-1.2 proposes to move 75% of the remaining funds from the foundation to the DAO.

Conclusion

ChainLinkGod-eth’s decision to vote against AIP-1.05 has caused quite a stir in the crypto community. However, his concerns about the proposal are valid, and he has stated that he will vote for alternative proposals that address these concerns. The vote will end on April 15th, and it remains to be seen what the final outcome will be.

FAQs

1. What is AIP-1.05?
AIP-1.05 is a proposal by the Arbitrum community to “return the remaining 700 million ARBs of the foundation to the DAO.”
2. Why did ChainLinkGod-eth vote against AIP-1.05?
ChainLinkGod-eth has raised concerns about AIP-1.05, stating that it poses unnecessary risks to DAOs and foundations, and doubts whether it is a credible neutral measure.
3. What are the alternative proposals?
ChainLinkGod-eth has stated that he will vote for AIP-1.1 and AIP-1.2 instead of AIP-1.05, as they address some of his concerns about the proposal.

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