Currently, the DAO receives transaction fees on Nova at an address accessible via the core governance system. This means that any time the DAO wishes to transfer these funds, it must pass a constitution proposal. We propose instead a system in which these funds are “automatically” (permissionlessly) sent from Nova to the Arbitrum DAO Treasury on Arbitrum One. This gives the DAO faster, easier accessibility to these funds, and should make bookkeeping simpler.
Currently, the portion of the Nova transaction fees that the DAO collects are sent via the fund distributor contracts to 0xf7951D92B0C345144506576eC13Ecf5103aC905a, the address alias of the core governance l1 timelock. This allows the DAO to spend the funds via a round-trip core proposal initiated from the core governor on Arbitrum One.
A system in which these funds were sent to the DAO Treasury without the DAO needing to take action is preferable for several reasons:
We propose an update in which all Nova fund distributors that distribute to the timelock alias are updated to instead distribute to a system of “fee routers”, via which permissionless transactions will allow the funds to be routed to the Arbitrum Treasury.
The lifecycle works as follows:
Sometime after this proposal action, an additional proposal can be submitted to transfer the funds remaining in the timelock’s address alias to the fee router.
NOTE: If this vote passes on Snapshot, the tentative plan is to upgrade Arbitrum Sepolia to arbOS 30 the week of June 10th.
If Arbitrum Sepolia upgrades to arbOS 30, there will be an ecosystem-wide plan to ensure non-breaking compatibility of infrastructure and applications with Stylus, which will take several weeks or months. The ultimate goal is that the experience for EVM developers remains as unchanged as possible if arbOS reaches mainnet. Once enough confidence is reached, there will be an onchain vote to upgrade Arbitrum One and Nova to arbOS 30. The Arbitrum community will be informed of any significant updates as they arise.
Currently, the DAO receives transaction fees on Nova at an address accessible via the core governance system. This means that any time the DAO wishes to transfer these funds, it must pass a constitution proposal. We propose instead a system in which these funds are “automatically” (permissionlessly) sent from Nova to the Arbitrum DAO Treasury on Arbitrum One. This gives the DAO faster, easier accessibility to these funds, and should make bookkeeping simpler.
Currently, the portion of the Nova transaction fees that the DAO collects are sent via the fund distributor contracts to 0xf7951D92B0C345144506576eC13Ecf5103aC905a, the address alias of the core governance l1 timelock. This allows the DAO to spend the funds via a round-trip core proposal initiated from the core governor on Arbitrum One.
A system in which these funds were sent to the DAO Treasury without the DAO needing to take action is preferable for several reasons:
We propose an update in which all Nova fund distributors that distribute to the timelock alias are updated to instead distribute to a system of “fee routers”, via which permissionless transactions will allow the funds to be routed to the Arbitrum Treasury.
The lifecycle works as follows:
Sometime after this proposal action, an additional proposal can be submitted to transfer the funds remaining in the timelock’s address alias to the fee router.
NOTE: If this vote passes on Snapshot, the tentative plan is to upgrade Arbitrum Sepolia to arbOS 30 the week of June 10th.
If Arbitrum Sepolia upgrades to arbOS 30, there will be an ecosystem-wide plan to ensure non-breaking compatibility of infrastructure and applications with Stylus, which will take several weeks or months. The ultimate goal is that the experience for EVM developers remains as unchanged as possible if arbOS reaches mainnet. Once enough confidence is reached, there will be an onchain vote to upgrade Arbitrum One and Nova to arbOS 30. The Arbitrum community will be informed of any significant updates as they arise.
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/26?u=princetonblockchain
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/25?u=tane
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/24?u=maxlomu
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/26?u=princetonblockchain
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/25?u=tane
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/24?u=maxlomu
https://forum.arbitrum.foundation/t/savvy-dao-delegate-communication-thread/21266/46?u=savvydao
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/23
automation of this process is good and beneficial to the community
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/20?u=ocandocrypto
This automates a process that will need to be repeated. Also, the quorum for transferring the collected fees is 5%, which is more than the 3
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/18?u=michigan_blockchain
The automation of this process is reasonable and make it more resilient.
Vote to send the DAO the money directly? OF COURSE! WHO WOULD VOTE NO ON THIS?
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/14?u=blockworksresearch
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/12?u=0x_ultra
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/9?u=jojo
Supporting this proposal is crucial as it streamlines the transfer of transaction fees from Nova to the Arbitrum DAO Treasury.
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/8
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/6?u=larva
This proposal aims to create a front-end interface to allow users to force transaction inclusion during sequencer downtime and introduce a “
The transaction fees form Nova to the Arbitrum DAO Treasury on Arbitrum One should be automatically.
https://forum.arbitrum.foundation/t/savvy-dao-delegate-communication-thread/21266/46?u=savvydao
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/23
automation of this process is good and beneficial to the community
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/20?u=ocandocrypto
This automates a process that will need to be repeated. Also, the quorum for transferring the collected fees is 5%, which is more than the 3
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/18?u=michigan_blockchain
The automation of this process is reasonable and make it more resilient.
Vote to send the DAO the money directly? OF COURSE! WHO WOULD VOTE NO ON THIS?
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/14?u=blockworksresearch
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/12?u=0x_ultra
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/9?u=jojo
Supporting this proposal is crucial as it streamlines the transfer of transaction fees from Nova to the Arbitrum DAO Treasury.
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/8
https://forum.arbitrum.foundation/t/aip-nova-fee-router-proposal-arbos-30/23310/6?u=larva
This proposal aims to create a front-end interface to allow users to force transaction inclusion during sequencer downtime and introduce a “
The transaction fees form Nova to the Arbitrum DAO Treasury on Arbitrum One should be automatically.
Hey everyone, a reminder that we'll be hosting a short governance call later today (Monday, 29 April) at 14:30 UTC to walkthrough this proposal, and answer questions if any.
Link to join: https://meet.google.com/jym-zozz-kwf
Hey everyone, a reminder that we'll be hosting a short governance call later today (Monday, 29 April) at 14:30 UTC to walkthrough this proposal, and answer questions if any.
Link to join: https://meet.google.com/jym-zozz-kwf
Hey everyone, here's the recording of the governance call - https://drive.google.com/file/d/1g07Q2dcCunW4fFdWXPTH0XY-1GelhpKL/view?usp=sharing
Hey everyone, here's the recording of the governance call - https://drive.google.com/file/d/1g07Q2dcCunW4fFdWXPTH0XY-1GelhpKL/view?usp=sharing
We're backing this proposal because it simplifies fee transfers from Nova to the DAO Treasury on Arbitrum One. Great work from the foundation to explain these updates.
See voting rationale: https://forum.arbitrum.foundation/t/savvy-dao-delegate-communication-thread/21266/46?u=savvydao
The Princeton Blockchain Club is voting FOR the Nova Fee Router Proposal. Definitely want to avoid needing additional Constitutional AIPs after this one just to utilize Nova funds. As most other folks said, it's also nice to have transaction fees all sent to the same place. Easy vote in favor.
The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting FOR the proposal.
The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting FOR the proposal.
Permissionlessly sending the funds accrued from transaction fees on Nova to DAO’s treasury on Arbitrum One without having to go through a constitutional AIP makes sense since the latter approach can be time-consuming and even difficult to orchestrate, as meeting the quorum for a constitutional AIP is challenging.
We’ll make sure to diligently look at the proposed implementation to ensure there’s nothing of concern before we cast our vote during the on-chain vote.
Voting FOR this proposal, foundation made an incredible effort to ensure we all understand the importance of these updates to the protocol.
We decided to vote in favor of this, as This will reduce the DAO's administrative burden and streamline handling Nova fees. With clear benefits.
Voted "For" to expedite funding when needed. No reason why this should not be automatic.
Voted for. The automation of this process is a good practice and make the whole system more resilient.
I support this proposal because it reduces delay time when transferring funds from Nova to the DAO Treasury. Additionally, keeping all fees in a single location enhances accountability of funds.
We vote FOR the proposal on its Snapshot.
We consider it rather a fix to apply the change and simplify the fee related operations for the DAO.
DAOplomats voted in favor on Snapshot.
We are in favor of implementing this automated process as there are very significant benefits attached to it.
Voting "For". This will reduce admirative burden of the DAO and I agree with the proposal that it will be faster, easier and simpler to handle the Nova fees in this manner. At no cost, I see no reason to vote against something like this.
We support the implementation of this proposal as it should greatly enhance the DAO’s operational efficiency.
Michigan Blockchain is voting for. This solves unnecessary voting and simplifies DAO operations.
Voted "For". From Nova to the Arbitrum DAO Treasury, enhancing accessibility and efficiency. By automating these transfers, the DAO benefits from faster fund availability, reduced quorum requirements, and simplified bookkeeping, thereby improving overall governance and operational effectiveness.
We're backing this proposal because it simplifies fee transfers from Nova to the DAO Treasury on Arbitrum One. Great work from the foundation to explain these updates.
See voting rationale: https://forum.arbitrum.foundation/t/savvy-dao-delegate-communication-thread/21266/46?u=savvydao
The Princeton Blockchain Club is voting FOR the Nova Fee Router Proposal. Definitely want to avoid needing additional Constitutional AIPs after this one just to utilize Nova funds. As most other folks said, it's also nice to have transaction fees all sent to the same place. Easy vote in favor.
The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting FOR the proposal.
The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We’re voting FOR the proposal.
Permissionlessly sending the funds accrued from transaction fees on Nova to DAO’s treasury on Arbitrum One without having to go through a constitutional AIP makes sense since the latter approach can be time-consuming and even difficult to orchestrate, as meeting the quorum for a constitutional AIP is challenging.
We’ll make sure to diligently look at the proposed implementation to ensure there’s nothing of concern before we cast our vote during the on-chain vote.
Voting FOR this proposal, foundation made an incredible effort to ensure we all understand the importance of these updates to the protocol.
We decided to vote in favor of this, as This will reduce the DAO's administrative burden and streamline handling Nova fees. With clear benefits.
Voted "For" to expedite funding when needed. No reason why this should not be automatic.
Voted for. The automation of this process is a good practice and make the whole system more resilient.
I support this proposal because it reduces delay time when transferring funds from Nova to the DAO Treasury. Additionally, keeping all fees in a single location enhances accountability of funds.
We vote FOR the proposal on its Snapshot.
We consider it rather a fix to apply the change and simplify the fee related operations for the DAO.
DAOplomats voted in favor on Snapshot.
We are in favor of implementing this automated process as there are very significant benefits attached to it.
Voting "For". This will reduce admirative burden of the DAO and I agree with the proposal that it will be faster, easier and simpler to handle the Nova fees in this manner. At no cost, I see no reason to vote against something like this.
We support the implementation of this proposal as it should greatly enhance the DAO’s operational efficiency.
Michigan Blockchain is voting for. This solves unnecessary voting and simplifies DAO operations.
Voted "For". From Nova to the Arbitrum DAO Treasury, enhancing accessibility and efficiency. By automating these transfers, the DAO benefits from faster fund availability, reduced quorum requirements, and simplified bookkeeping, thereby improving overall governance and operational effectiveness.
The idea is good, I would like to eliminate unnecessary voting on obvious issues.
However, I would like to clarify whether someone will be checking for contract changes?
This proposal gives the DAO faster, easier accessibility to these funds, and should make bookkeeping simpler. This has important implications for DAO governance. I've voted FOR!
Blockworks Research will be voting FOR this proposal on Snapshot.
Supporting this change seems obvious to us as there are clear benefits and, to our understanding, no notable concerns or drawbacks.
On behalf of the UADP:
We have voted Yes. There are basically no significant drawbacks and it helps simplify the DAO's operations. The easier it is to return/send revenues to the treasury the better!
Voting "For" to turbocharge fee transfers to the Arbitrum DAO Treasury, streamline our finances, and slash the red tape of constant constitutional proposals!
No reason to vote against this. Having funds being sent in a permissionless way to the dao treasury instead of having to vote for it should be a trivial decision. Voting for.
I voted in favor. As it’s mentioned, the proposal will provide faster, easier and simpler access to these funds. I only see benefits from its implementation.
I voted FOR this proposal on Snapshot because it simplifies the operations of the DAO without any significant drawbacks.
Thanks for flagging. I'm in favor of an automatic/permissionless system to make this transfer.
We are in favor of this and see no reason as to why this would be voted down. We wonder if there are any other situations like this where fees or revenues get sent to an address that is unaccessible outside of a governance vote? Could be worth changing those over as well.
The idea is good, I would like to eliminate unnecessary voting on obvious issues.
However, I would like to clarify whether someone will be checking for contract changes?
This proposal gives the DAO faster, easier accessibility to these funds, and should make bookkeeping simpler. This has important implications for DAO governance. I've voted FOR!
Blockworks Research will be voting FOR this proposal on Snapshot.
Supporting this change seems obvious to us as there are clear benefits and, to our understanding, no notable concerns or drawbacks.
On behalf of the UADP:
We have voted Yes. There are basically no significant drawbacks and it helps simplify the DAO's operations. The easier it is to return/send revenues to the treasury the better!
Voting "For" to turbocharge fee transfers to the Arbitrum DAO Treasury, streamline our finances, and slash the red tape of constant constitutional proposals!
No reason to vote against this. Having funds being sent in a permissionless way to the dao treasury instead of having to vote for it should be a trivial decision. Voting for.
I voted in favor. As it’s mentioned, the proposal will provide faster, easier and simpler access to these funds. I only see benefits from its implementation.
I voted FOR this proposal on Snapshot because it simplifies the operations of the DAO without any significant drawbacks.
Thanks for flagging. I'm in favor of an automatic/permissionless system to make this transfer.
We are in favor of this and see no reason as to why this would be voted down. We wonder if there are any other situations like this where fees or revenues get sent to an address that is unaccessible outside of a governance vote? Could be worth changing those over as well.
