## Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add tBTC into cUSDCv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDC market on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based on the [recommendations from Gauntlet](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399/12).

Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/935) and [forum discussion](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399).


## Proposal Actions

The first action adds tBTC asset as collateral with corresponding configurations.

The second action deploys and upgrades Comet to a new version.



https://compound.finance/governance/proposals/341

The proposal aims to add tBTC as collateral in the cUSDCv3 market on Ethereum, following thorough market readiness simulations and risk parameter adjustments.

ehCOMP-126

Event Horizon

[COMPOUND] Add tBTC as collateral into cUSDCv3 on Mainnet

## Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add tBTC into cUSDTv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III USDT market on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based on the [recommendations from Gauntlet](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399/12).

Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/936) and [forum discussion](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399).


## Proposal Actions

The first action adds tBTC asset as collateral with corresponding configurations.

The second action deploys and upgrades Comet to a new version.



https://compound.finance/governance/proposals/342

The proposal adds tBTC as collateral to cUSDTv3 on Ethereum.

ehCOMP-127

[COMPOUND] Add tBTC as collateral into cUSDTv3 on Mainnet

## Proposal summary

Compound Growth Program [AlphaGrowth] proposes to add tBTC into cWETHv3 on Ethereum network. This proposal takes the governance steps recommended and necessary to update a Compound III WETH market on Ethereum. Simulations have confirmed the market’s readiness, as much as possible, using the [Comet scenario suite](https://github.com/compound-finance/comet/tree/main/scenario). The new parameters include setting the risk parameters based on the [recommendations from Gauntlet](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399/12).

Further detailed information can be found on the corresponding [proposal pull request](https://github.com/compound-finance/comet/pull/934) and [forum discussion](https://www.comp.xyz/t/add-collateral-tbtc-to-eth-market-on-mainnet/5399).


## Proposal Actions

The first action adds tBTC asset as collateral with corresponding configurations.

The second action deploys and upgrades Comet to a new version.



https://compound.finance/governance/proposals/343

The proposal aims to add tBTC as collateral in Compound's WETH market on Ethereum and upgrade the system for better performance.

ehCOMP-128

[COMPOUND] Add tBTC as collateral into cWETHv3 on Mainnet

# [Non-Constitutional] Funds to Bolster Foundation’s Strategic Partnerships Budget 
# Abstract

This proposal requests 250 million ARB with the main objective to enable The Arbitrum Foundation to further foster key strategic partnerships. All expenditures will follow The Arbitrum Foundation’s well-established practices and evaluation criteria when pursuing partnership deals, as detailed in a high level manner [here](https://arbitrumfoundation.notion.site/Milestones-Guidance-85e628abdb0640f1a3c280fb26e19934) and [here](https://arbitrumfoundation.notion.site/Submission-Guidelines-5250083006c942d1a371ef0a85cd1b24) (these guidelines apply mainly for the Foundation Grant Program, however, it offers insight into what the Foundation looks at when giving strategic grants or establishing strategic partnerships). Should the proposal be approved by the ArbitrumDAO, the Foundation will update its upcoming annual transparency report due in Q1 2025 to include and detail this additional budget.

# Motivation

In line with its mission as laid out in its [bylaws](https://docs.arbitrum.foundation/assets/files/The%20Arbitrum%20Foundation%20Bylaws%2020%20July%202023-d992cde49b3207e89bdec76322e29048.pdf), The Arbitrum Foundation is committed to fostering ecosystem growth through strategic partnerships. All agreements are designed to support projects that can grow the Arbitrum ecosystem and provide value to the ArbitrumDAO. By seeking projects that advance or contribute to the adoption of Arbitrum technology, the Foundation aims to grow activity on the Arbitrum networks.

Agreements typically last for a few years with the intention to align a project’s interests with the long-term objectives of the Arbitrum ecosystem. This results in significant capital locked in commitments and reserved for projects based on the agreed performance milestones. This restricts the Foundation’s ability to pursue new partnerships and stay ahead of the competition. Given the aggregate size of Foundation’s current budget, it is difficult for us to pursue multiple large deals simultaneously.

# Challenges

The Arbitrum Foundation runs two funding programs:

* Arbitrum Foundation Grant Program
* Strategic Partnership’s Program

Both programs invite applicants from the ecosystem while actively pursuing new opportunities by participating in competitive bids to prospective partners. In both cases, The Arbitrum Foundation signs milestone-based agreements with the recipient that are often multi-year contractual commitments. To date, agreements for our strategic partnerships program typically exceed 2M ARB with an average duration of 2.1 years.

*Table: Capital Commitments to Grants, Strategic Partnerships and Infrastructure Service Providers (as of June 30, 2024)*

![](https://static.tally.xyz/09ddb4e1-283e-43f6-a2b0-38f42d7edc6e_original.png)The above table provides an overview of The Arbitrum Foundation’s outstanding capital commitments since inception, as of June 30th 2024. Based on the stage of commitment, we can classify all existing deals into two categories:

* **Signed agreements.** The Arbitrum Foundation and the grant recipient or service provider have entered into an agreement. Most grant recipients will be entitled to grant payouts as milestones and/or other criteria are reached. The amounts in the table reflect the value of future financial obligations related to signed agreements.
* **Pre-agreement offer.** An agreement has not yet been reached but is in negotiation. The Foundation has reserved funds to ensure we can act upon the commitment when an agreement is reached. The amounts in the table reflect the full value of the agreement.

In both cases, The Arbitrum Foundation must have adequate reserves immediately available before it can make an offer to a potential partner. Given the competitive landscape, The Arbitrum Foundation must be able to make multiple offers to different partners at the same time. Also, the Foundation must be prepared for all offers to be accepted and reserve amounts accordingly even if negotiations fail at a later stage.

With the above in mind, The Arbitrum Foundation is at a distinct disadvantage from extending competitive offers to strategic partners due to the size of our overall allocation from the DAO. The three major financial challenges currently facing The Arbitrum Foundation from extending continued support to ecosystem expansion are:

* **Tight budget.** Relative to competitors, the budget that the Foundation can allocate for strategic partnerships is small and puts the Arbitrum ecosystem at a significant disadvantage. For example, if we consider allocations relative to token supply, Starknet has allocated ~20% to its Foundation and grants, Optimism has 25% for ecosystem funding, ZkSync has 19.9% for ecosystem initiatives, while The Arbitrum Foundation has 7.5% allocated, but to date, The Arbitrum Foundation has only had access to approximately 1.8% because of the vesting contract. Making competitive offers requires a lot of capital that we have not been allocated relative to other Foundations.
* **Vesting.** The Foundation can only make offers based on the ARB that has vested to date. This is because the ArbitrumDAO can clawback the funds at any time and we must have the ARB available to pay milestones. The Foundation is committed to being solvent at all times, so our assets should always exceed our contractual liabilities.
* **Capital lockup.** All committed ARB in a milestone-based agreement must be allocated until the agreement terminates. For example, we could run into a situation where a grantee has not yet hit their milestones, but we need to assume they will and hold the potential payout in reserve. Additionally, some agreements require capital lockup (like RWAs), in projects where the funds belong to the Arbitrum Foundation, but they are utilized by the strategic partner’s protocol.

Together, The Arbitrum Foundation does not yet have access to its full budget which has caused issues over the past year, but even if the vesting was complete, our budget still remains the smallest amongst all rollups. This impacts all programs run by The Arbitrum Foundation including strategic partnerships, technical advancement, educational and community activities.

We believe the most straightforward approach to ensuring The Arbitrum Foundation can pursue competitive deals is by increasing our budget for strategic partnerships.

# Proposed Solution

**Funding Request:** **250 million ARB**

In light of the above mentioned challenges, we believe that there are several reasons why increasing our budget to specifically better support strategic partnerships is essential:

* **High costs of pursuing partnerships.** Strategic partnerships are essential for the Arbitrum ecosystem’s growth, and these partnerships often come with significant capital investments from the Foundation. For example, onboarding RWAs is both challenging and capital-intensive, as experienced by the DAO as well.
* **Expanding Orbit Chains.** Despite more than 50 chains publicly announcing their intent to build using Orbit since the launch of the Arbitrum Expansion Program in January 2024, the rollup as a tech stack ecosystem is still in its early stages. Additional funding is required to enable The Arbitrum Foundation to pursue major Orbit partnerships and allow the Arbitrum ecosystem to access new markets, use cases and communities. Additionally we should note that sometimes part Orbit chain grants could be rebates on the revenue that they contribute to the Arbitrum DAO, creating a mismatch between the Arbitrum Foundation allocating resources and the DAO collecting chain fees.
* **Gateway to DAO.** The DAO has previously contributed to onboarding partners via programs like STEP, however, the experience has been that most institutions are not inclined toward engaging and participating in public forums, and even when they do it is after extensive conversations with The Arbitrum Foundation and its service providers, who are making them aware of the opportunities and encouraging them to get involved. As front line enablers, The Arbitrum Foundation actively builds relationships with partners and encourages all partners to engage with the DAO. Most recent examples include Securitize (via BlackRock BUIDL) and Franklin Templeton.
* **Proven track record.** The Foundation has a proven track record of managing and allocating funds effectively for various initiatives, as evidenced by the [2024 Biannual Progress Report](https://docs.arbitrum.foundation/assets/files/ArbitrumFoundationBiannualReport2024H1-c8e9ab997fe68ad09c0105181f9826d8.pdf) and successful collaborations with industry leading projects. Additionally, The Arbitrum Foundation has capitalized on emerging opportunities such as LRTs, RWAs and onchain gaming, ensuring the Arbitrum ecosystem remains competitive and innovative.

We also believe the current vesting schedule for our entire budget is still critical to remain as 

... please visit link below to view full proposal



https://tally.xyz/gov/arbitrum/proposal/78608365328815179822381240433375943106975722017227920505592824878237374730465

This proposal requests 250 million ARB to enhance strategic partnerships for The Arbitrum Foundation, aiming to support ecosystem growth and competitive offers.

ehARB-41

Event Horizon Gitcoin

[ARBITRUM] [Non-Constitutional] Funds to Bolster Foundation’s Strategic Partnerships Budget

# ArbitrumDAO strategic “Off-site” (online) updated proposal
# ArbitrumDAO strategic “Off-site” (online) updated proposal

Non-Constitutional

## Context

This proposal is a continuation of the directional proposal for an offsite which was voted in favour with 130mn ARB in Snapshot: [ArbitrumDAO Off-site - Directional proposal 8](https://forum.arbitrum.foundation/t/arbitrumdao-off-site-directional-proposal/25660)

And a following proposal where an Online format came on top [Snapshot](https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x8f242363dbc69d640799b461b27ba7b957ab13af87389b699639ba335b8b5e91)

The proposal has been streamlined based on feedback and is designed to be independent but compatible with related initiatives such as Alex’s work on coordination and emergent conversations with Disruption Joe, etc. The proposal also stays clear of areas where Entropy is already working and builds upon previous work (e.g. mission and values draft).

There were concerns about potential overlap with GovHack and we have aligned this initiative so both could be complimentary. However, [the HackHumanity team has announced they won’t be organising an event for Devcon 1](https://forum.arbitrum.foundation/t/govhack-devcon-in-bangkok-hack-humanity/26634/71).

Offcylce voting: this proposal was planned to be launched on Tally yesterday. Due to some unforeseen coordination around the MSS, we couldn't post until confirming the compliance procedure with the foundation. In the interest of being ableThanksgivingto start this initiative in October and due to multiple constraints in November (DevCon, ThanksGiving), we're posting on Tuesday. Please accept our apologies for any disruption.


## Abstract

This proposal aims to enhance the alignment, communication, and collaboration among token holders (including delegates). The DAO currently struggles with achieving cohesive strategies due to sporadic interactions and a lack of direct engagement among key participants. To address this, a structured process will be organized in October (before DevCon), focusing on strategic alignment sessions.

This proposal includes:

* Stakeholder management (preparation and follow-up): delegates and key stakeholders outreach and sense-making process to scope and prepare the most important agenda items to be discussed during two online workshops (building upon the survey and analysis already carried out). And post-workshops follow-up on key action items, including snapshot vote to ratify decisions.
* Facilitation: design and execution of a strategic process to advance alignment, convergence, and prioritization, ensuring clear next steps.
* Coordination: with Entropy to build on top of the work on mission, vision, and values; and with with additional emergent initiatives (e.g. Joe and Disruption Joe proposal in the works and potential future proposals by HackHumanity and others).

The key deliverable is an online strategy process to define a shortlist of priorities for the DAO over the next 6 months.

The success of this initiative will be measured quantitatively by the NPS given by participants, and qualitatively by the outcomes and outputs from the sessions. The key outcome is a ratified decision on priorities via Snapshot vote.

## The Problem

The DAO encounters multiple challenges, but a critical issue is the lack of effective communication and alignment among delegates and key stakeholders. There are many calls, but attendance is not concentrated and the calls are designed for context sharing and informal discussion, not designed for a strategic process. This results in a gap in aigment and clear and explicit strategy, causing slow decision-making.

Areas such as organizational design and strategic planning require not only well-crafted proposals but also thorough stakeholder engagement. Beyond what can be achieved in an event, these areas require multiple steps of aligment on frameworks and approaches, sense-making, structured deliberation, and ratifying decisions.

## Proposed Solution

**Output:**

Draft of DAO priorities for the next 6 months that’s put to a Snapshot vote.

**Outcome:**

The priorities provide alignment and enable the whole community to rally around key priorities, unblocking the DAO.

**The proposal includes:**
\*The exact format will be refined during phase 1 in coordination with other initiatives and delegates.

1. Agenda prioritisation (pre-event alignment) and sense-making.

* Project manager to engage with token holders, delegates, and key stakeholders, distilling concerns and topic suggestions, and facilitating converging on the exact agenda and framework.
* Careful planning of each session: aiming to share and agree on frameworks and approaches in advance, focusing IRL discussion on content and not format. This is a continuation of the work started in December with the pre-proposal for a strategy framework.

1. Strategy Sprint: 2 week process combining live and asynchronous components to integrate broad community input and feedback, deep dives by representative stakeholders, and converging towards a clear list.

* Onboarding participants into the framework and using a collective intelligence tool to generate and organise an initial list of priorities. (asynchronous, 1h)
* Online workshops to review the initial list, carry a root cause analysis, and argue pros/cons of different priorities. (live, half day)
* Sharing publicly for community feedback (forum) and our team synthesising feedback.
* second survey (usign the collective intelligence tool) to collect, cluster, and prioritise a refined list of priorities. (asynchronous, 2x 1h)
* second workshop to refine the definition of the priorities. (live, half day)

1. Post workshops follow up

* Sharing a summary of the discussion & agreed action points.
* Final collection of feedback and synthesis.
* Snapshot vote to ratify the results of the workshops.
* Follow up with participants a month after to track progress on action items and liaison with Entropy, Foundation, and other parties to suggest next steps as appropriate (e.g. aligment with HackHumanity if GovHack is approved).

## Timeline\*:

\*: tentative timeline to be adjusted during the planning phase in coordination with the different stakeholders.

* First two weeks of October: planning
* Last week of October: hosting 1st workshop
* Throughout November: async coordination period
* Late November to early December: second workshop and snapshot proposal.

## What Does Success Look Like?

* Alignment on DAO priorities for the next 6 months.
* Engagement from top delegates and key stakeholders.
* Clarity provided to the broader communtiy enabling them to rally around priorities.
* Positive feedback and a strong desire to continue similar initiatives.

## KPIs:

* Snapshot proposal: post-workshop to ratify results.
* 50%+ participation rate among engaged ([35%+ on-chain voting rate 2](https://www.tally.xyz/gov/arbitrum/delegates)) Top50 delegates, foundation, off-chain labs, and additional nominated participants.
* NPS of 50 or more (-100 to 100 range, 0 considered average)
* A similar initiative is organised again.

## Attendees

Focused on high-context, expert, and senior participants. I.e. not an onboarding event.[ For rationale see the discussion here.](https://forum.arbitrum.foundation/t/arbitrum-offsite-format-online-vs-irl/26629/61)

* Open to [Top-50 delegates](https://www.tally.xyz/gov/arbitrum/delegates), off-chain labs, foundation members, and top 100 ARB token holders (both in Arbitrum One and Ethereum).
* Additional attendees based on at least 20 million ARB endorsements (holders/delegates can endorse as many participants as desired).

## Budget

Fund sent to Multisig Signing Service.

50% in advance (pending KYB with the Foundation), 50% upon completion.&#x20;

30% volatility buffer added in case of the ARB price falling. Any unspent buffer will be returned to the DAO. Arb price calculated based on date of posting on Tally.

&#x20;Cost: $14,900

Total in ARB including volatility buffer: 30,266 ARB
[Detailed breakdown
](https://docs.google.com/spreadsheets/d/1V_awuFbTKamI9DYNZ-249WXJ2TA24mQLIBGfRnEKmBQ/edit?usp=sharing)

Additional 5k ARB bonus if snapshot proposal with priorities (proposal to ratify conclusion of the workshops) is approved (non-constitutional quorum met and 65%+ support from voters).

Maximum possible total in ARB (with bonus and max buffer): 35,266 ARB

## Additional Notes

### Facilitation

The opportunity cost of this process is easily 10x its budget, given the limited time availability of delegates and few occasions a year when they converge. As such, good facilitation makes a critical difference in ensuring the process is effective. The facilitation includes designing the workshops and moderating the conversation, AND engaging with the broader community to gather input and synthethise it.

### Agenda

We’ve already started the process of setting the agenda. We ran a survey, answered by 29 delegate

... please visit link below to view full proposal



https://tally.xyz/gov/arbitrum/proposal/96690486288059875871645030622562174419564010435288438848687174619767247452877

The proposal seeks to improve communication and strategic alignment among ArbitrumDAO members through organized online workshops, culminating in prioritized goals for the next six months.

ehARB-40

[ARBITRUM] ArbitrumDAO strategic “Off-site” (online) updated proposal

# Enhancing Multichain Governance: Upgrading RARI Governance Token on Arbitrum
## [](#p-55784-abstract-1)Abstract

The RARI DAO seeks to enhance its governance framework by upgrading the RARI token contract and bringing its governance from Ethereum mainnet to the Arbitrum ecosystem. This proposal requests to regirster a custom gateway for a new RARI L2 token contract via Arbitrum native bridge, as only the Arbitrum DAO can implement this change. The custom gateway will enable more efficient governance processes with the upgraded token, reduce user costs, and improve overall accessibility for RARI DAO.

## [](#p-55784-motivation-2)Motivation

RARI DAO is governed by the $RARI token, which when locked in veRARI grants voting access. The current token contract is on Ethereum mainnet and is not upgradable. The RARI DAO wishes to upgrade its governance, a part of which is a token contract upgrade with snapshots and delegations embedded. Only the Arbitrum DAO can however set up the mapping of L1 → L2 token addresses in the custom gateway (which is controlled by Arbitrum DAO) on the Arbitrum native bridge. Here is more information about the topic: [ERC-20 token bridging | Arbitrum Docs](https://docs.arbitrum.io/build-decentralized-apps/token-bridging/token-bridge-erc20#setting-up-your-token-with-the-generic-custom-gateway)

## [](#p-55784-rationale-3)Rationale

The RARI DAO multichain governance upgrade is designed to make governance more accessible, by simplifying the UX, reducing gas fees, and enabling new token functions. This aligns with Artbitrum’s commitment to user-centricity and technical inclusivity.

With a custom L2 token implementation we will be able to perform the RARI DAO governance upgrade and move our governance fully into the Arbitrum ecosystem.

## [](#p-55784-key-terms-4)Key Terms

RARI token: RARI DAO governance token ([$1.95 | Rarible (RARI) Token Tracker | Etherscan](https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf)

RARI DAO: body governing the Rarible Protocol and RARI chain

Custom L2 RARI token: upgraded and simplified RARI token to be used in RARI DAO multichain governance moving forward

## [](#p-55784-specifications-5)Specifications

RARI token in question ([$1.95 | Rarible (RARI) Token Tracker | Etherscan](https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf)) does not have upgradability nor allows the owner to register in the Arbitrum token bridge router.

As such, we’re requesting a custom L2 token implementation and using the (standard) custom gateway. Lacking the ability to upgrade / owner-register, we are seeking Artbirum DAO’s approval to register the upgraded RARI token to the custom gateway so we can proceed with the custom L2 implementation.

**The upgraded token contract was fully audited and can be found here:** [https://github.com/rarible/protocol-contracts/pull/305](https://github.com/rarible/protocol-contracts/pull/305)**.**

Token contract was deployed first in tetnests and then to Arbitrum One, and RARI chain (which is on top of Arbitrum One). All contracts were tested manually as well.

RARI DAO voted in favor of the upgraded token: [Tally | Rari DAO | RRC 30 - Enhancing RARI DAO Governance: Plan for upgrade](https://www.tally.xyz/gov/rari-foundation/proposal/85102068202527969889208024703113668965813715410446115075088330064807449302588)

The executable code to create the custom gateway was prepared by Offchain Labs and can be found [HERE](https://arbitrum.notion.site/Public-Rari-Token-Register-Executable-3914a05c5bf94323a3d0d88abcc6576b?pvs=25).
The code was fully audited by Trail of Bits: [https://rari-foundation.notion.site/Trail-of-Bits-Audit-for-Arbitrum-Native-Bridge-Custom-Pathway-1124e8bfb53f8017842cf3b94cf8045b](https://rari-foundation.notion.site/Trail-of-Bits-Audit-for-Arbitrum-Native-Bridge-Custom-Pathway-1124e8bfb53f8017842cf3b94cf8045b)



## [](#p-55784-steps-to-implement-6)Steps to Implement

1. Deploy token contracts on Arbitrum and RARI chains (done)
2. Security audit of the proposed code change (done)
3. Change mapping for L1 → L2 tokens on bridge router and custom gateway (This can be done only by Arbitrum DAO)

## [](#p-55784-timeline-7)Timeline

Implementation upon the proposal’s execution.

## [](#p-55784-overall-costs-8)Overall costs

N/A



https://tally.xyz/gov/arbitrum/proposal/56768509231150680433760428191516666361790213029100482092064768634784370622764

The RARI DAO proposes to upgrade its governance by moving to the Arbitrum ecosystem, allowing for a more efficient RARI token contract and reduced user costs.