Approve the Nova Fee Sweep Action
AI summary
This proposal seeks to transfer 1,885 ETH, currently valued at approximately $6.7 million, from a legacy address (L1TimelockAlias) on Arbitrum Nova to the main Arbitrum DAO Treasury. These are historical transaction fees that accumulated before a new fee collection system was implemented. The transfer will use the new fee router infrastructure, streamlining the process and consolidating funds.
If passed, the Arbitrum DAO Treasury will receive an additional 1,885 ETH, increasing its financial resources. This benefits the DAO by centralizing funds and simplifying accounting, with no direct negative impact on any specific group.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Abstract
The Nova Fee Sweep action applies to historical Nova transaction fees currently held in the L1TimelockAlias; these fees will be swept into the DAO Treasury with the use of the modernized fee collection infrastructure outlined in the Nova Fee Router Proposal. The full balance of ETH–currently 1,885 ETH–will be transferred to the DAO Treasury on Arbitrum One using established smart…