Name: Brian Fakhoury

ENS: fakhoury.eth

Tally Profile URL: Tally | BrianFakhoury

Areas of Interest for Contribution:

• DeFi Development on Arbitrum
• Supporting Infrastructure

Stance on the Overall Goals for the DAO: It is crucial for Arbitrum to expand the economic sphere of Ethereum through the integration of multiple networks. Liquidity mining serves as a vital instrument for distributing governance over this mission, and should be pursued assertively during periods of stagnation and judiciously when the market is overheated.

Sample Voting Issue 1:

Lemma:

• 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.

Prompts to Answer:

1. How would you vote?
   For
   Against
2. What amendments would you make to the proposal if any?
3. How would you approach the tradeoff between centralization of authority and the ability to get things done?

1. Against
2. Given that the program outline and funding have been deemed acceptable, the proposal should be amended by adjusting the seating allocation for the two committees.
3. Centralization and decentralization often find themselves in opposition, as the former enables smoother execution of actions. Nevertheless, from a foundational perspective, a distinction can be drawn between a slower-acting DAO and agile service providers. In the case of the Uniswap bounty proposal, Flipside should maintain their ability to offer services (such as bounty suggestions) while relinquishing oversight and allocation power.

Sample Voting Issue 2:

Lemma:

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.

Prompts to Answer:

Outside the flipping of the vote, how would you choose to handle this situation?
i.e should parties be reimbursed for an exploit or not? (Please choose one of the below options and then elaborate upon your reasoning)

1. Full Reimbursement
2. No Reimbursement
3. Split Reimbursement

Proposed Approach: My stance on this issue is to advocate for Full Reimbursement. Given the experimental nature of such protocols, restoring brand value should not take precedence over ensuring the well-being of users, both directly and indirectly impacted. A DAO, in its pursuit of growth, should uphold the ethical principles of its constituents. This implies that individuals affected by an unfortunate event, not caused by their own actions, ought to receive support from those in their community.

Languages Spoken and Written: English

Disclosure of Conflict(s) of Interest: I declare no conflicts of interest. Mechanism Capital, my current employer, is an investor in Arbitrum.