Name (organization or individual): GFX Labs

Wallet Address or ENS: 0xa6e8772af29b29B9202a073f8E36f447689BEef6 / gfxlabs.eth

Tally Profile URL (create a profile here ):: Tally | GFX Labs

What area are you most interested in contributing to? choose up to two tags:

• DeFi development on Arbitrum
• Improving Governance participation

Please share your stance on overall goals for the DAO:

New chains are ultimately new frontiers that have been opened up. All of the space and technological resources are worth very little without settlers. The primary goals of the DAO should be to secure the protocol and increase the number of users active users by fostering community and supporting developers building upon Arbitrum. Users, assets, and productive activity drive value to a chain, and enticing those users and assets to Arbitrum are the priority for DAO resources.

Please share your stance on issues that were raised previously, in other communities, as described below:

Sample Voting Issue 1:

Issue Overview

Uniswap planned to use Flipside to attract new users to Uniswap through bounties. Although the program outline and funding was fine, the proposal was contentious because it gave Flipside crypto too much control over allocating UNI to bounties and oversight of the entire program.

For instance, Flipside had 3/7 seats on the allocation committee and 1/3 seats on the Oversight committee. There was also concern since none of the other analytics service providers were involved in the proposal.

This proposal flew under the radar but at the 11th hour got very heated. Large votes from university clubs supported the proposal since they would get a seat on the allocation committee. However, Dune and Leshner spoke up about the issue because of the centralization of power and favor of one service provider.

While GFX Labs hadn’t been founded at the time, the founder, Getty Hill, tried to vote against the proposal due to the unusual funding structure, the size of the program, and its overall nature. Unfortunately, Tally’s governance interface had a bug that caused Against votes to be cast as For votes. This caused the proposal to cross the necessary quorum threshold. Fortunately, the original proposer had dropped below the required number of votes, and Getty was able to cancel the proposal.

More to the point, through GFX’s extensive experience in protocol governance, we try to bring a realistic approach to protocol governance and protocol improvements. We’re in the very early days of DeFi and protocol governance, so it isn’t practical to “decentralize” everything. That said, we need to see progress towards healthy decentralization of protocols and applications.

Sample Voting Issue 2:

Issue Overview:

Overview Link 1

Overview Link 2

FEI RARI Hack Reimbursement: In April 2022 Rari was hacked for 80M, a vote was passed to reimburse those affected. Then in May 2022 another vote to refund the Rari hacked was brought forward this time it was not passed.

Protocol hacks are always extremely unfortunate events. The circumstances behind the hack make it particularly difficult to decide on an outcome. Without getting into the weeds of the issue, we think it’s important that a protocol acknowledge its shortcomings (where there are any) and take steps to best position itself for long-term success. We’ve seen a few instances of protocols having a bug that leads to a loss of users’ funds and users using a protocol in unexpected ways leading to a loss of funds. We approach each instance with caution and due diligence the nature of the bug, the users affected by the bug, the protocol’s total risk, and avenues to best position the protocol moving forward.

Languages I speak and write: English, Spanish, Mandarin Chinese

Disclosure of Conflict(s) of Interest: GFX Labs participates in governance activities on other protocols. At time of writing, this includes Uniswap, Optimism, and MakerDAO. GFX may also, from time to time, work on its own products and work with other projects due to its other diversified business activities. GFX is confident in its ability to separate interests and participate transparently and meaningfully.