Name (organization or individual): Layer2DAO

Wallet Address or ENS:
0x5318f07A3a20A2f8bb0DDf14F1DD58C517a76508

Tally Profile URL: TBD, please reference multisig address above.

What area are you most interested in contributing to? choose up to two tags:
As a whole we are most interested in expanding DeFi Development and NFT Development in Arbitrum. We know that these two things are a solid foundation as the demand for both is currently increasing and leads to a healthy and sustainable chain with enough activity to support itself for the long run. An expansion of these two things is a win for all of us involved in both Arbitrum and Ethereum. However, we also fully support public goods funding.

Please share your stance on overall goals for the DAO:
We believe we have invaluable experience in governance that we’d love to share while also learning some new things we can apply to our own DAO. Layer2DAO is an ever-evolving, multicultural, worldwide group that believes wholly in the Ethereum L2 and Arbitrum ecosystem. We are committed to playing a part in Arbitrum governance and we are certain that it will be mutually beneficial for all involved. What we do as Layer2DAO is to help promote the growth, startup, and expansion of projects that can benefit the system as a whole and it’s imperative to note that our success as Layer2DAO intentionally and directly depends on the Ethereum L2 and Arbitrum ecosystem. Several core team members of our DAO have direct experience as delegates already and fully understand the weight of the trust that is placed in them when tokens are delegated.

Through proper procedures and governance Arbitrum can support and expand projects that will enrich the ecosystem and that should be the end goal of Arbitrum DAO. We believe grants are a more effective way to use funds than liquidity mining. Both have their place but by utilizing grants properly, with clear cut tranches and milestones in order to progress to the next step, it will have a more positive impact on the token itself, as well as Arbitrum. The beginning is the most important step as we have the most opportunity available. Having trusted, experienced delegates will ensure the governance process does what it is designed to do. With so many great ideas and opportunities waiting to come to fruition, it is also important to recognize and call out legitimately bad actors in the space. If we fail to do this, we fail completely.

We would be honored to be considered as a delegate for Arbitrum.

Voting Issues:
These issues are good examples of the challenges in decentralized governance. Often votes can “fly under the radar” or are controlled by a few, engaged members. As a DAO, we strive to overcome similar challenges and ensure our community is engaged, educated on issues, and participates in votes.

As for how we would address the specific examples provided, we cannot provide a concrete direction, since we would allow the DAO to discuss, vote on, and decide which side we would take. We can though outline the process for how we would move through this as a DAO:

1. Proposal Gathering: When an Arbitrum governance vote is upcoming, a dedicated member/committee of Layer2DAO will forward a proposal that reflects the Arbitrum vote for consideration by the community. The proposal should clearly outline the issue or decision to be made and provide all relevant information.

2. Discussion: Once the proposal is submitted, the community will have a period of time to discuss the proposal and ask any questions. This is done through a dedicated channel on the Layer2DAO discord server, and all members are encouraged to participate. We might token gate the discussion thread to eligible voters/token holders.

3. Voting: After the discussion period, the voting process begins. Each member of the DAO will have the opportunity to cast their vote on the proposal. At this time Layer2DAO uses Snapshot for voting, but this might change in the future as new platforms are evaluated.

4. Tallying of Votes: Once the voting period is over, the votes are tallied, and the results are announced. The outcome of the vote is determined by a majority of the votes cast.

5. Execution of the Decision: If the proposal is approved, the resulting vote is then placed in Arbitrum governance from the DAO multisig.

6. Review and Evaluation: After the decision has been executed, the Layer2DAO community evaluates the outcome of the decision and assesses its impact. This feedback is used to improve the decision-making process for future proposals.

Languages I speak and write:
Since we’re a multicultural, world wide group of individuals there is a variety of languages spoken within the community. Some, but not all, include English, French, Spanish, Chinese, and Portuguese. Because of these community members and contributors we can reach a broader audience across the globe.

Disclosure of Conflict(s) of Interest:
As stated before, Layer2DAO is set up in a way that naturally aligns with Arbitrum. As such we have no conflicts of interest.