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Arbitrum · closed proposal

Proposal: Security Council Elections Proposed Implementation Spec

0x9808…4A85·ended 3y ago·Discussion ↗·● MEDIUM RISK
Voters
53,520
ARB voted
80.92M
≈$14.93M
Token price
$0.18

AI summary

This proposal seeks to implement the election process for the Arbitrum Security Council, as outlined in the DAO's Constitution. It introduces a new smart contract system for on-chain voting and details the election stages. The goal is to replace six Security Council members every six months, with the first election scheduled for September 15th. The smart contract system has undergone multiple security audits.

Impact

If passed, this proposal will activate the new Security Council election system, updating the Constitution text and enabling the regular rotation of council members. This will decentralize control and ensure fresh perspectives within the Security Council, benefiting the broader Arbitrum community by enhancing governance and security. There are no direct financial beneficiaries or losers identified in the proposal.

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Voting results

For80.67M (99.7%)
Against178.20K (0.2%)
Abstain73.08K (0.1%)
80.92M ARB · ≈$14.93M · 53520 votersblock 119422145

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Full proposal

Original markdown · Arbitrum

Category: Constitutional - Process As part of its governance, the Arbitrum DAO incorporates a Security Council that can take certain emergency and non-emergency actions:

Section 3 of the Constitution 10 describes this council in more detail. Initial Setup Transparency Report 3 details the current members of the council. Section 4 on the Constitution outlines an election process that will replace six security council members every six months. The first election to replace the first cohort of Security Council Members is expected to begin on the 15th September.

Executive summary This vote relat…

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