← Back to Arbitrum
Arbitrum · closed proposal

Proposal: Update Security Council Election Start Date to Ensure Time for Security Audit

0xA5dF…d9b0·ended 3y ago·Discussion ↗·● MEDIUM RISK
Voters
51,495
ARB voted
83.55M
≈$15.41M
Token price
$0.18

AI summary

This proposal asks the Arbitrum DAO to change the start date for the first Security Council election. The original date was September 15th, but the on-chain election system, which includes smart contracts and a user interface, is still being developed and audited. The proposal suggests that the election should start on September 15th or as soon as the secure, audited system is ready and approved by the DAO through another vote. This change aims to ensure the election software is secure and complete before it's used.

Impact

If passed, the election for the Arbitrum Security Council might be delayed beyond September 15th, but it ensures a more secure and thoroughly vetted system for future elections. This benefits all Arbitrum token holders by reducing potential risks associated with an unready system, but could delay the establishment of the Security Council.

Read full proposal on Snapshot ↗

Voting results

For83.11M (99.5%)
Against349.96K (0.4%)
Abstain94.34K (0.1%)
83.55M ARB · ≈$15.41M · 51495 votersblock 113554933

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Arbitrum

Category: Constitutional - Process

High Level Overview The ArbitrumDAO Constitution specifies that the first Security Council election should start on the 15th September alongside a specification for the election.

An on-chain implementation of the entire election is still a work in progress. The Arbitrum Foundation has sponsored the implementation of a smart contract suite by Offchain Labs, an extension of Tally’s user interface, and the respective audits.

This proposal seeks to revise the ArbitrumDAO Constitution to provide flexibility for the start date of the election. If passed by a Con…

📚 Similar past proposals

Finding similar proposals…