Overview

On April 10th, the snapshot voting page showed that Chainlink Community Ambassador ChainLinkGod-eth voted against AIP-1.05, a proposal by the Arbitrum community to “return the remaining 700 million ARBs of the foundation to the DAO, And stated in the tweet: I will vote for AIP-1.1 and AIP-1.2 instead of AIP-1.05. The first two AIPs fully addressed my initial concerns about AIP-1, which poses unnecessary risks to DAOs and foundations. I doubt whether this is a credible neutral measure. If some people receive compensation while others do not, it sets a precedent where some may not receive compensation when key rotation occurs. Currently, the AIP-1.05 proposal votes in favor of it The rate is 51.68%, and the opposition rate is 46.72%. The vote will end on April 15th.

ChainLinkGod. eth opposes Arbitrum AIP-1.05, with a current opposition rate of nearly 47%

The Chainlink community ambassador, ChainLinkGod-eth, recently voted against a proposal by the Arbitrum community to “return the remaining 700 million ARBs of the foundation to the DAO”. In a tweet, ChainLinkGod-eth stated that they will vote for two other proposals instead of the first one that fully addressed their initial concerns about AIP-1, which poses unnecessary risks to DAOs and foundations. Currently, the AIP-1.05 proposal is being voted for by 51.68% of the community, with an opposition rate of 46.72%. The vote will end on April 15th.

Introduction

The world of cryptocurrency is constantly evolving, with new proposals and updates coming in every day. Recently, the Arbitrum community proposed to return the remaining 700 million ARBs of the foundation to the DAO. However, Chainlink Community Ambassador, ChainLinkGod-eth, voted against the proposal citing concerns about the risks that it poses to DAOs and foundations.

The Proposal

AIP-1.05 is a proposal by the Arbitrum community that aims to “return the remaining 700 million ARBs of the foundation to the DAO”. The purpose of this proposal is to provide compensation to members of the DAO who may not receive fair compensation during key rotation. However, ChainLinkGod-eth expressed doubts about whether the proposal is a credible neutral measure.

Concerns About AIP-1.05

ChainLinkGod-eth highlighted concerns about potential risks that the proposal poses to DAOs and foundations. They stated that if some people receive compensation while others don’t, it sets a precedent where some may not receive compensation when key rotation occurs. This raises ethical implications as well as questions about the long-term sustainability of DAOs.

The Two Alternative Proposals

Rather than voting for AIP-1.05, ChainLinkGod-eth put their support behind two alternative proposals, AIP-1.1 and AIP-1.2. These proposals fully addressed their initial concerns about AIP-1, and they believe they better reflect the values of the DAO and the community.

Current Voting Status

Currently, the AIP-1.05 proposal is being voted for by 51.68% of the community, with an opposition rate of 46.72%. The vote will end on April 15th. It remains to be seen whether AIP-1.05 will pass despite the concerns raised by ChainLinkGod-eth.

Conclusion

The world of cryptocurrency is constantly evolving, and proposals like AIP-1.05 highlight the ethical and practical concerns that are associated with DAOs and foundations. While the proposal may seem like a fair way to provide compensation to members who may not receive it during key rotation, it is important to consider the long-term implications of such a decision. ChainLinkGod-eth’s decision to vote for alternative proposals that better reflect the values of the community shows that there is room for discussion and debate within the cryptocurrency landscape.

FAQs

1. What is AIP-1.05?
AIP-1.05 is a proposal by the Arbitrum community that aims to “return the remaining 700 million ARBs of the foundation to the DAO”.
2. What are ChainLinkGod-eth’s concerns about AIP-1.05?
ChainLinkGod-eth expressed concerns about the risks that the proposal poses to DAOs and foundations, stating that it sets a precedent where some may not receive compensation when key rotation occurs.
3. What are the alternative proposals that ChainLinkGod-eth supports?
ChainLinkGod-eth put their support behind two alternative proposals, AIP-1.1 and AIP-1.2, that fully addressed their initial concerns about AIP-1 and better reflect the values of the community.