AIP-1.2 - Foundation and DAO Governance
AI summary
This proposal, AIP-1.2, aims to update the Arbitrum DAO's foundational governance documents, including the Constitution, and The Arbitrum Foundation's Memorandum & Articles of Association and Bylaws. The primary goal is to remove all references to the previously rejected AIP-1 proposal and incorporate community feedback received during that debate. It also clarifies the DAO's authority over the Foundation and its budget, and lowers the threshold for submitting new proposals.
If passed, the Arbitrum DAO will have clearer governance rules and increased control over The Arbitrum Foundation's operations and budget. The reduced proposal threshold from 5,000,000 $ARB to 1,000,000 $ARB will make it easier for more community members to initiate proposals. This benefits the broader community by making governance more accessible and transparent, while the Foundation will operate under more explicit DAO oversight.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Category: Constitutional - Process
Abstract: This document (“AIP-1.2”) proposes amendments to the Constitution, and The Arbitrum Foundation Amended & Restated Memorandum & Articles of Association (the “A&R M&A”) and Bylaws (the “Bylaws”) to (1) remove references to AIP-1, and (2) make other changes reflecting feedback from the community.
Motivation: AIP-1 set out critical aspects of governance and included key governance documents for the ArbitrumDAO, and The Arbitrum Foundation which referenced AIP-1 throughout: the ArbitrumDAO Constitution (the “Constitution”), the Bylaws and the A&R M&A. …