Lemma:

Name (organization or individual)

Name (organization or individual): - bubli.eth

Wallet Address or ENS :- bubli.eth

Tally Profile URL:- Tally | bubli.eth

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

• DeFi development on Arbitrum

• IRL Arbitrum community gatherings

Please share your stance on overall goals for the DAO:

Arbitrum with 18 months of Maninnet testing, becoming a block chain of preference by many protocols and has a huge community believing in it. This proves that the block chain is tried and tested with community suport and trust.The security experience and affordability has been proven till date by the blockchain and Protocols on it.

The DAO goals, being a decentralised entity with views, experience, expertise of diverse stakeholders and tokenholders will draw debates, opinions and judgements for the betterment of all involved with the DAO which is diverse will draw debates, opinions in the greater interest of the blockchain, DAO and community. The Arbitrum token holders who providing, in the best possible conditions, the financial advice and services that members need.

Contributing to the cooperative, economic and financial education of members, that is to provide them with a way to achieve independence. Promoting and supporting community development.

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

One such recent case: Euler Finance hack :- $200mn.

The protocol considered as best and innovative in DeFi, team members of great experience and expertise, 6 smart contract audits still fell prey to the Hack. the bug bounty announced is $1 mn. Lives impacted badly and I think till date the recovery is in process but no positive results yet.

Is the bounty amount rational ? I think NO.

Will it compel the hacker ? In my opinion NEVER.

Will it create interest of negotiation with the hacker ? Till date it didn’t.

If there was a DAO and proposal made, my stance would have been as follows:

Goal: Recovering as much and at the earliest to get the protocol up and running.
Keeping the community and stakeholder trust. Utilizing all the experience, expertise and community trust to drive value in the short and long term financially on investments with current and new innovative offerings. Putting energy and efforts to build a robust and less or no vulnerability in the protocol.I would vote against the proposal as I feel the bounty placed is too small to entice the hacker or anyone to make efforts to provide information.

I suggest increasing it to 15% of the hacked amount, which may entice the hacker and after 40% of tax liability (as in most countries) will be enough money for his livelihood. This will expedite everything and drive better days for the protocol.

Languages I speak and write: English, Hindi and Marathi.

Disclosure of Conflict(s) of Interest: I have no conflict of Interest.