AIP: Funds to bootstrap the first BoLD validator - Bond sentiment.
AI summary
This proposal asks the Arbitrum DAO to provide 4,234 ETH to the Arbitrum Foundation. This funding is specifically for "Assertion and challenge bonds" to enable the Foundation to operate the first BoLD validator for Arbitrum One. The goal is to ensure there's an active and honest participant in the new BoLD validation system, which is crucial for securing the Arbitrum network. This proposal is dependent on another proposal to upgrade Arbitrum chains to use BoLD; if that upgrade doesn't pass, the funds will be returned.
If this passes, the Arbitrum Foundation will receive approximately $14.8 million (at current ETH prices) to secure Arbitrum One as the initial BoLD validator, ensuring the network's stability during the transition to the new validation system. The Arbitrum DAO's treasury will decrease by 4,234 ETH, but the network gains a guaranteed active proposer. If the prerequisite BoLD upgrade proposal fails, the funds will be returned to the DAO.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Non-Constitutional Proposal
Abstract
The Arbitrum Foundation is seeking 4,234 ETH, for Assertion and challenge bonds - to allow the Arbitrum Foundation to run a BoLD validator and fulfill the role of being the first, but not necessarily the only, honest and active proposer.
This proposal is contingent on the AIP upgrade the DAO-governed chains to use BoLD being approved by the ArbitrumDAO. If the AIP to upgrade the DAO-governed chains to use BoLD does not pass - then the Arbitrum Foundatio…