Enhancing Multichain Governance: Upgrading RARI Governance Token on Arbitrum

This is a draft proposal by the Rari Foundation to gather community feedback to finalize this proposal for submission to the Arbitrum DAO.

Abstract

The RARI DAO seeks to enhance its governance framework by upgrading the RARI token contract and bringing its governance from Ethereum mainnet to the Arbitrum ecosystem. This proposal requests to regirster a custom gateway for a new RARI L2 token contract via Arbitrum native bridge, as only the Arbitrum DAO can implement this change. The custom gateway will enable more efficient governance processes with the upgraded token, reduce user costs, and improve overall accessibility for RARI DAO.

Motivation

RARI DAO is governed by the $RARI token, which when locked in veRARI grants voting access. The current token contract is on Ethereum mainnet and is not upgradable. The RARI DAO wishes to upgrade its governance, a part of which is a token contract upgrade with snapshots and delegations embedded. Only the Arbitrum DAO can however set up the mapping of L1 -> L2 token addresses in the custom gateway (which is controlled by Arbitrum DAO) on the Arbitrum native bridge. Here is more information about the topic: https://docs.arbitrum.io/build-decentralized-apps/token-bridging/token-bridge-erc20#setting-up-your-token-with-the-generic-custom-gateway

Rationale

The RARI DAO multichain governance upgrade is designed to make governance more accessible, by simplifying the UX, reducing gas fees, and enabling new token functions. This aligns with Artbitrum's commitment to user-centricity and technical inclusivity.

With a custom L2 token implementation we will be able to perform the RARI DAO governance upgrade and move our governance fully into the Arbitrum ecosystem.

Key Terms

RARI token: RARI DAO governance token (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf

RARI DAO: body governing the Rarible Protocol and RARI chain

Custom L2 RARI token: upgraded and simplified RARI token to be used in RARI DAO multichain governance moving forward

Specifications

RARI token in question (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf) does not have upgradability nor allows the owner to register in the Arbitrum token bridge router.

As such, we're requesting a custom L2 token implementation and using the (standard) custom gateway. Lacking the ability to upgrade / owner-register, we are seeking Artbirum DAO's approval to register the upgraded RARI token to the custom gateway so we can proceed with the custom L2 implementation.

The upgraded token contract was fully audited and can be found here: https://github.com/rarible/protocol-contracts/pull/305.

Token contract was deployed to Arbitrum Sepolia, RARI testnet (which is on top of Arbitrum Sepolia) and all contracts were tested manually as well.

RARI DAO voted in favor of the upgraded token: https://www.tally.xyz/gov/rari-foundation/proposal/85102068202527969889208024703113668965813715410446115075088330064807449302588

Update: the executable code to create the custom gateway was prepared by Offchain Labs and can be found HERE. The code was fully audited by Trail of Bits. Findings are HERE.

Steps to Implement

Deploy token contracts on Arbitrum and RARI chains (done)
Security audit of the proposed code change (in progress by Arbitrum Foundation)
Change mapping for L1 → L2 tokens on bridge router and custom gateway (This can be done only by Arbitrum DAO)

Timeline

Implementation upon the proposal's execution (aiming late September).

Overall costs

N/A

This is a draft proposal by the Rari Foundation to gather community feedback to finalize this proposal for submission to the Arbitrum DAO.

Abstract

Motivation

Rationale

With a custom L2 token implementation we will be able to perform the RARI DAO governance upgrade and move our governance fully into the Arbitrum ecosystem.

Key Terms

RARI token: RARI DAO governance token (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf

RARI DAO: body governing the Rarible Protocol and RARI chain

Custom L2 RARI token: upgraded and simplified RARI token to be used in RARI DAO multichain governance moving forward

Specifications

RARI token in question (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf) does not have upgradability nor allows the owner to register in the Arbitrum token bridge router.

The upgraded token contract was fully audited and can be found here: https://github.com/rarible/protocol-contracts/pull/305.

Token contract was deployed to Arbitrum Sepolia, RARI testnet (which is on top of Arbitrum Sepolia) and all contracts were tested manually as well.

RARI DAO voted in favor of the upgraded token: https://www.tally.xyz/gov/rari-foundation/proposal/85102068202527969889208024703113668965813715410446115075088330064807449302588

Update: the executable code to create the custom gateway was prepared by Offchain Labs and can be found HERE. The code was fully audited by Trail of Bits. Findings are HERE.

Steps to Implement

Deploy token contracts on Arbitrum and RARI chains (done)
Security audit of the proposed code change (in progress by Arbitrum Foundation)
Change mapping for L1 → L2 tokens on bridge router and custom gateway (This can be done only by Arbitrum DAO)

Timeline

Implementation upon the proposal's execution (aiming late September).

Overall costs

N/A

This is a draft proposal by the Rari Foundation to gather community feedback to finalize this proposal for submission to the Arbitrum DAO.

Abstract

Motivation

Rationale

With a custom L2 token implementation we will be able to perform the RARI DAO governance upgrade and move our governance fully into the Arbitrum ecosystem.

Key Terms

RARI token: RARI DAO governance token (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf

RARI DAO: body governing the Rarible Protocol and RARI chain

Custom L2 RARI token: upgraded and simplified RARI token to be used in RARI DAO multichain governance moving forward

Specifications

RARI token in question (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf) does not have upgradability nor allows the owner to register in the Arbitrum token bridge router.

The upgraded token contract was fully audited and can be found here: https://github.com/rarible/protocol-contracts/pull/305.

Token contract was deployed to Arbitrum Sepolia, RARI testnet (which is on top of Arbitrum Sepolia) and all contracts were tested manually as well.

RARI DAO voted in favor of the upgraded token: https://www.tally.xyz/gov/rari-foundation/proposal/85102068202527969889208024703113668965813715410446115075088330064807449302588

Update: the executable code to create the custom gateway was prepared by Offchain Labs and can be found HERE. The code was fully audited by Trail of Bits. Findings are HERE.

Steps to Implement

Deploy token contracts on Arbitrum and RARI chains (done)
Security audit of the proposed code change (in progress by Arbitrum Foundation)
Change mapping for L1 → L2 tokens on bridge router and custom gateway (This can be done only by Arbitrum DAO)

Timeline

Implementation upon the proposal's execution (aiming late September).

Overall costs

N/A

This is a draft proposal by the Rari Foundation to gather community feedback to finalize this proposal for submission to the Arbitrum DAO.

Abstract

Motivation

Rationale

With a custom L2 token implementation we will be able to perform the RARI DAO governance upgrade and move our governance fully into the Arbitrum ecosystem.

Key Terms

RARI token: RARI DAO governance token (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf

RARI DAO: body governing the Rarible Protocol and RARI chain

Custom L2 RARI token: upgraded and simplified RARI token to be used in RARI DAO multichain governance moving forward

Specifications

RARI token in question (https://etherscan.io/token/0xfca59cd816ab1ead66534d82bc21e7515ce441cf) does not have upgradability nor allows the owner to register in the Arbitrum token bridge router.

The upgraded token contract was fully audited and can be found here: https://github.com/rarible/protocol-contracts/pull/305.

Token contract was deployed to Arbitrum Sepolia, RARI testnet (which is on top of Arbitrum Sepolia) and all contracts were tested manually as well.

RARI DAO voted in favor of the upgraded token: https://www.tally.xyz/gov/rari-foundation/proposal/85102068202527969889208024703113668965813715410446115075088330064807449302588

Update: the executable code to create the custom gateway was prepared by Offchain Labs and can be found HERE. The code was fully audited by Trail of Bits. Findings are HERE.

Steps to Implement

Deploy token contracts on Arbitrum and RARI chains (done)
Security audit of the proposed code change (in progress by Arbitrum Foundation)
Change mapping for L1 → L2 tokens on bridge router and custom gateway (This can be done only by Arbitrum DAO)

Timeline

Implementation upon the proposal's execution (aiming late September).

Overall costs

N/A

gTrade supports the proposal for RARI's token upgrade and the transition of its governance to the Arbitrum ecosystem. This initiative will onboard another DeFi community to the ecosystem and make governance participation more accessible and affordable (gas wise) for users, aligning well with Arbitrum's objectives.

The Treasure ARC voted FOR this proposal. It assists an established and well known community in their transition to Arbitrum, one that has already ratified the move, expanding the user base in both numbers and interests. As the proposal is mainly for the technical purpose of configuring the bridge, we look forward to a more streamlined process for other protocols that would like to make the same move, aligned with L2Beats points.

Voting For. Glad to see RARI introduce more users flow into arb ecosystem.

OpenZeppelin, as Security Member of the ARDC, reviewed the Rari multichain governance proposal and its specifications. Given the needs of the RARI DAO, we found the proposed changes to be warranted. Since the currently deployed contracts are non-upgradeable and the RARI DAO wishes to add new features to their token while also aiming to enhance user experience, the proposed changes become necessary.

You can read our full review with all the accompanying details here: https://forum.arbitrum.foundation/t/rari-multichain-governance-proposal-security-review/26648?u=openzeppelin

Gm, gm :sparkles:

The results are in for the Enhancing Multichain Governance: Upgrading RARI Governance Token on Arbitrum on-chain proposal.

See how the community voted and more Arbitrum stats: https://dhive.io/proposal/1395

Gm, gm :sparkles:

The results are in for the Enhancing Multichain Governance: Upgrading RARI Governance Token on Arbitrum on-chain proposal.

See how the community voted and more Arbitrum stats: https://dhive.io/proposal/1395

Thanks to everyone who voted for the proposal in Snapshot. Our proposal is now published on Tally HERE and voting will kick in on Friday.

We're aware that per Arbitrum DAO's social consensus, new votes should be posted/scheduled to begin before Thursday at 12 pm UTC and this proposal is technically in violation of that. Our delay is due to waiting on a published security audit of the code change as we wanted to make sure is included in the proposal and didn't want to delay the vote by a week. The RARI FND is running an ecosystem activation campaign in late October, for which this custom pathway implementation is needed. We hope the Arbiturm delegates understand our urgency, and we apologize again for not being on schedule with the proposal post time.

Gm, gm :sparkles:

The results are in for the Enhancing Multichain Governance: Upgrading RARI Governance Token on Arbitrum off-chain proposal.

See how the community voted and more Arbitrum stats: https://dhive.io/proposal/1355

Thanks, everyone, for your support and votes on Snapshot. We'll move on to the Tally vote next week.

Thanks to everyone who voted for the proposal in Snapshot. Our proposal is now published on Tally HERE and voting will kick in on Friday.

Gm, gm :sparkles:

The results are in for the Enhancing Multichain Governance: Upgrading RARI Governance Token on Arbitrum off-chain proposal.

See how the community voted and more Arbitrum stats: https://dhive.io/proposal/1355

Thanks, everyone, for your support and votes on Snapshot. We'll move on to the Tally vote next week.

Hey! Bridging from L1 to L2 will provide the user with the upgraded token without any other actions needed. From a user perspective, there is no change to how they bridged before.

Hey @maxlomu , this would be a constitutional AIP as it involves the RARI token being registered on Ethereum L1 to the RARI token on L2 via the L1CustomGateway contract through a chain-owner registration. You can read through the steps on the Arbitrum Docs here.

Here's the excerpt from the ArbitrumDAO Constitution Section 2 under DAO Proposals and Voting that covers this.

New Chain Approval: Authorizes a new chain as approved by the ArbitrumDAO. This includes authorizing both Governed Chains and Non-Governed Chains

Thanks, everyone, for the comments! Below are a few updates:

@Euphoria @BlockworksResearch @gauntlet A technical audit of the executable code was initiated by AF
@Tane RARI FND will, at minimum, offset the costs of bridging + further incentives are in consideration. Also, our multichain governance transition will be gradual.
@maxlomu my understanding is that proposals requiring code change are by default constitutional, but the AF might be able to provide more context

Thanks, everyone, for the comments! Below are a few updates:

@Euphoria @BlockworksResearch @gauntlet A technical audit of the executable code was initiated by AF
@Tane RARI FND will, at minimum, offset the costs of bridging + further incentives are in consideration. Also, our multichain governance transition will be gradual.
@maxlomu my understanding is that proposals requiring code change are by default constitutional, but the AF might be able to provide more context

We'll progress to temp check as the next step, but please do jump in here if you have any more questions or suggestions.

thanks for flagging @WinVerse the link should be: https://github.com/rarible/protocol-contracts/pull/305

will correct this for the snapshot vote draft

Hey! Bridging from L1 to L2 will provide the user with the upgraded token without any other actions needed. From a user perspective, there is no change to how they bridged before.

Here's the excerpt from the ArbitrumDAO Constitution Section 2 under DAO Proposals and Voting that covers this.

New Chain Approval: Authorizes a new chain as approved by the ArbitrumDAO. This includes authorizing both Governed Chains and Non-Governed Chains

Thanks, everyone, for the comments! Below are a few updates:

@Euphoria @BlockworksResearch @gauntlet A technical audit of the executable code was initiated by AF
@Tane RARI FND will, at minimum, offset the costs of bridging + further incentives are in consideration. Also, our multichain governance transition will be gradual.
@maxlomu my understanding is that proposals requiring code change are by default constitutional, but the AF might be able to provide more context

Thanks, everyone, for the comments! Below are a few updates:

@Euphoria @BlockworksResearch @gauntlet A technical audit of the executable code was initiated by AF
@Tane RARI FND will, at minimum, offset the costs of bridging + further incentives are in consideration. Also, our multichain governance transition will be gradual.
@maxlomu my understanding is that proposals requiring code change are by default constitutional, but the AF might be able to provide more context

We'll progress to temp check as the next step, but please do jump in here if you have any more questions or suggestions.

thanks for flagging @WinVerse the link should be: https://github.com/rarible/protocol-contracts/pull/305

will correct this for the snapshot vote draft

Voted FOR.

Rationale: Bringing More Protocols to Arbitrum

I am voting in favor of this proposal because integrating RARI DAO into the Arbitrum ecosystem will enrich our platform and potentially attract more protocols in the future. This move demonstrates Arbitrum's capability to handle advanced governance structures and customized token contracts efficiently.

Voted FOR.

Rationale: Bringing More Protocols to Arbitrum

By supporting the migration, we showcase the scalability, cost-effectiveness, and user-friendly nature of Arbitrum. This sets a positive precedent for other protocols considering similar transitions, encouraging them to join our network.

Voting FOR on Tally for the same reasons as mentioned at the Snapshot stage.

Quoted from mcfly

We’re voting FOR the Rari governance transition to Arbitrum. This move strategically positions Rari at the forefront of L2 governance innovation. It potentially unlocks wider participation and more agile decision-making for the protocol.

Voting FOR on Tally for the same reasons as mentioned at the Snapshot stage.

Quoted from mcfly

The proposal’s focus on reducing transaction costs and improving UX addresses key pain points in current governance models. However, the success hinges on effective migration incentives, which need further elaboration.

This transition could serve as a blueprint for other protocols considering similar moves. To streamline future processes, we recommend exploring more efficient mechanisms for handling bridge contract configurations, possibly leveraging existing Arbitrum governance structures.

jump to post →

After consideration, the @SEEDgov delegation has decided to “FOR” on this proposal at the Tally vote.

Rationale

As we have already detailed in our rationale for Snapshot, we reiterate our support for the proposal and endorse the views expressed by other delegates on requiring a constitutional vote for these types of adjustments.

Voting in favor just as I did in the previous phase on snapshot. I'm happy to see Rari moving to Arbitrum!

Voted FOR: Upgrading RARI Governance Token on Arbitrum

https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/40

Previous Commenting Rationale https://forum.arbitrum.foundation/t/enhancing-multichain-governance-upgrading-rari-governance-token-on-arbitrum/26096/48?u=alexlumley

Voting Rationale: https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/40?u=alexlumley

Stand by my previous commenting rationale posted above.

Also, fully agree with Krzysztof's point here.

Quoted from krst

We also think it would be a good idea to discuss how such configuration changes should be handled in the future. At the moment they require a full constitutional vote, just like ArbOS upgrades. If the direction set by RARI is to be followed by other projects, we would probably need a better way to adjust the configuration that does not require a full governance vote. Perhaps we could use the non-emergency Security Council to do this after the proposal has passed the temperature check, or have a separate mechanism that allows an external body (similar to MSS) to adjust these parameters with some additional safeguards.

jump to post →

voting For the current onchain proposal because this brings another player into the Arbitrum ecosystem.

The following reflects the views of the Lampros Labs DAO governance team, composed of @Blueweb, @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.

We are voting FOR this proposal in Tally voting.

The following reflects the views of the Lampros Labs DAO governance team, composed of @Blueweb, @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.

We are voting FOR this proposal in Tally voting.

We support upgrading the RARI token contract and moving its governance to the Arbitrum ecosystem. This proposal offers a valuable opportunity to align both DAOs, fostering greater collaboration and mutual growth.

Rest our overall thoughts remain the same as expressed in our rationale during the Snapshot voting.

Quoted from Euphoria

The following reflects the views of the Lampros Labs DAO governance team, composed of @Blueweb, @Euphoria, and @Nyx, based on our combined research, analysis, and ideation.

We are voting FOR this proposal.

Quoted from Euphoria

Lampros Labs DAO supports this proposal to upgrade the RARI token contract and transition its governance into the Arbitrum ecosystem. This is a positive step that will onboard another community into the Arbitrum network, contributing to the overall growth and development of the ecosystem. We believe this alignment between the RARI DAO and Arbitrum DAO will be mutually beneficial for both communities.

jump to post →

As we said before, Lampros Labs DAO supports upgrading the RARI token contract and moving its governance to the Arbitrum ecosystem. We think this will help bring another community into Arbitrum, which is good for everyone.

Quoted from Janabe

@Euphoria @BlockworksResearch @gauntlet A technical audit of the executable code was initiated by AF

jump to post →

It’s great to see that the Arbitrum Foundation has started a technical audit of the code that will make this happen. We still believe this will be good for both RARI DAO and Arbitrum DAO, and we’re looking forward to seeing how it all works out.

jump to post →

We vote FOR the proposal on Tally.

We maintain the support at the Snapshot stage and look forward to the transition of the RARI DAO governance onto Arbitrum with additional treatments like offsetting the cost of bridging and potential incentives for the transition.

Blockworks Research will be voting for this proposal on Tally.

We appreciate the effort from the Rari team to include an audit in the proposal. Our other reasoning is outlined here: https://forum.arbitrum.foundation/t/enhancing-multichain-governance-upgrading-rari-governance-token-on-arbitrum/26096/2?u=blockworksresearch

I voted FOR this proposal on Tally for the reasons outlined here. I appreciate that the Rari team took the time to include a published audit in the proposal.

Quoted from Frisson

I voted FOR this proposal at the temp check stage. Governance is one of the stickiest sources of users and TVL. It’s commendable that Rari is demonstrating its alignment with Arbitrum by moving governance from L1 to Arbitrum One, especially given the amount of work required to pass a constitutional proposal like this one.

I voted FOR on Tally for the same reasons.

In favor of helping teams transition to ARB!!

Im voting FOR in Tally as I did in temp-check.

Also, would like to mention that I appreciate the Rari team taking the time to include a published audit as part of the proposal. Included here:

Im voting FOR in Tally as I did in temp-check.

Also, would like to mention that I appreciate the Rari team taking the time to include a published audit as part of the proposal. Included here:

Quoted from Janabe

The upgraded token contract was fully audited and can be found here: https://github.com/rarible/protocol-contracts/pull/305.

And same rational. No brainer.

https://forum.arbitrum.foundation/t/enhancing-multichain-governance-upgrading-rari-governance-token-on-arbitrum/26096/36?u=ocandocrypto

Voted For: Same comment as for the Snapshot vote. Happy to see RARI DAO moving their governance on Arbitrum. I hope this case will convince other protocols or DAOs to decide the same and move their governance to Arbitrum.

DAOplomats is voting in favor of this proposal on Tally.

We supported this proposal during the temp check and we would be maintaining our stance for the onchain vote.

I'm reaffirming my vote and voting 'FOR' on Tally for the same reasons I had already outlined during temp-check:

Migrating RARI DAO to Arbitrum will not only improve governance efficiency and reduce user costs but also bring an active community to the Arbitrum ecosystem. The OpenZeppelin review confirms that the changes are well-founded and that the new token contract is fully audited. Therefore, I believe this move to be a net positive for both RARI DAO and the broader Arbitrum ecosystem.

Voted FOR.

Rationale: Bringing More Protocols to Arbitrum

Voted FOR.

Rationale: Bringing More Protocols to Arbitrum

Voting FOR on Tally for the same reasons as mentioned at the Snapshot stage.

Quoted from mcfly

Voting FOR on Tally for the same reasons as mentioned at the Snapshot stage.

Quoted from mcfly

jump to post →

After consideration, the @SEEDgov delegation has decided to “FOR” on this proposal at the Tally vote.

Rationale

Voting in favor just as I did in the previous phase on snapshot. I'm happy to see Rari moving to Arbitrum!

Voted FOR: Upgrading RARI Governance Token on Arbitrum

https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/40

Previous Commenting Rationale https://forum.arbitrum.foundation/t/enhancing-multichain-governance-upgrading-rari-governance-token-on-arbitrum/26096/48?u=alexlumley

Voting Rationale: https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/40?u=alexlumley

Stand by my previous commenting rationale posted above.

Also, fully agree with Krzysztof's point here.

Quoted from krst

jump to post →

voting For the current onchain proposal because this brings another player into the Arbitrum ecosystem.

The following reflects the views of the Lampros Labs DAO governance team, composed of @Blueweb, @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.

We are voting FOR this proposal in Tally voting.

The following reflects the views of the Lampros Labs DAO governance team, composed of @Blueweb, @Euphoria, and Hirangi Pandya (@Nyx), based on our combined research, analysis, and ideation.

We are voting FOR this proposal in Tally voting.

Rest our overall thoughts remain the same as expressed in our rationale during the Snapshot voting.

Quoted from Euphoria

The following reflects the views of the Lampros Labs DAO governance team, composed of @Blueweb, @Euphoria, and @Nyx, based on our combined research, analysis, and ideation.

We are voting FOR this proposal.

Quoted from Euphoria

jump to post →

Quoted from Janabe

@Euphoria @BlockworksResearch @gauntlet A technical audit of the executable code was initiated by AF

jump to post →

We vote FOR the proposal on Tally.

Blockworks Research will be voting for this proposal on Tally.

I voted FOR this proposal on Tally for the reasons outlined here. I appreciate that the Rari team took the time to include a published audit in the proposal.

Quoted from Frisson

I voted FOR on Tally for the same reasons.

In favor of helping teams transition to ARB!!

Im voting FOR in Tally as I did in temp-check.

Also, would like to mention that I appreciate the Rari team taking the time to include a published audit as part of the proposal. Included here:

Im voting FOR in Tally as I did in temp-check.

Also, would like to mention that I appreciate the Rari team taking the time to include a published audit as part of the proposal. Included here:

Quoted from Janabe

The upgraded token contract was fully audited and can be found here: https://github.com/rarible/protocol-contracts/pull/305.

And same rational. No brainer.

https://forum.arbitrum.foundation/t/enhancing-multichain-governance-upgrading-rari-governance-token-on-arbitrum/26096/36?u=ocandocrypto

DAOplomats is voting in favor of this proposal on Tally.

We supported this proposal during the temp check and we would be maintaining our stance for the onchain vote.

I'm reaffirming my vote and voting 'FOR' on Tally for the same reasons I had already outlined during temp-check:

Migrating RARI DAO to Arbitrum will not only improve governance efficiency and reduce user costs but also bring an active community to the Arbitrum ecosystem. The OpenZeppelin review confirms that the changes are well-founded and that the new token contract is fully audited. Therefore, I believe this move to be a net positive for both RARI DAO and the broader Arbitrum ecosystem.

I voted FOR this proposal on Tally for the reasons outlined here. I appreciate that the Rari team took the time to include a published audit in the proposal.

Quoted from Frisson

jump to post →

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 this proposal just like we signaled we’d do when we voted for it during temp-check.

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 this proposal just like we signaled we’d do when we voted for it during temp-check.

The security review conducted by the ARDC didn’t raise any issues with the proposed implementation, which could have potentially changed our decision based on severity.

Vote: FOR

Type and Proposal Link: Snapshot –> Rari Governance Transition to Arbitrum

Voting Rationale Link: https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/17?u=alexlumley

=== COMMENTING ON PROPOSAL: ===

Vote: FOR

Type and Proposal Link: Snapshot –> Rari Governance Transition to Arbitrum

Voting Rationale Link: https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/17?u=alexlumley

=== COMMENTING ON PROPOSAL: ===

The Rari governance transition to Arbitrum is a significant move that aligns with the broader goals of improving governance efficiency and onboarding active communities into the Arbitrum ecosystem. While we support the proposal, it’s crucial to explore more streamlined mechanisms for handling future bridge contract configurations. This would help reduce the administrative burden and allow for faster adoption by other protocols considering similar transitions. Providing more detailed incentives for Rari token holders to migrate from Ethereum would also help smooth the process and ensure a more successful transition.

Below are the opinions of the UADP:

We voted For this proposal and believe that it’s a no-brainer. The constitutional process behind this shows a degree of potential inefficiencies for the DAO. More migrations is net positive for Arbitrum. However, if the degree of friction behind conducting these is high, Arbitrum is likely missing out on attracting projects simply due to these inefficiencies.

I voted for this proposal, it has no direct costs for the DAO (other than the time for the Security Audit) and bringing more protocols, tokens, and communities to Arbitrum has a positive impact on the ecosystem.

ChamaDAO : For In favor of the proposal to upgrade the RARI governance token and transition to the Arbitrum ecosystem. We believe this upgrade will enhance governance accessibility and efficiency for the RARI DAO.

Voted FOR as justified above. Go RARI!

Quoted from krst

Voted FOR as justified above. Go RARI!

Quoted from krst

jump to post →

How can we make this happen?

We Voted FOR this proposal

Rationale

We Voted FOR this proposal

Rationale

Alignment with Arbitrum's Goals: Moving governance to the Arbitrum ecosystem is consistent with Arbitrum’s focus on scalability and user accessibility
Improved Efficiency and Reduced Costs: the proposal will significantly reduce gas fees and make participation in governance more accessible for token holders.
Enhanced Governance Functionality: The proposal embeds important features like snapshots and delegations into the upgraded RARI token contract. This adds flexibility for token holders, streamlines governance, and improves decision-making processes.
Security and Audits: The upgraded token contract and the custom gateway have undergone security audits by Trail of Bits and manual tests. This provides a level of assurance that the transition will be secure and reliable, reducing the risk of vulnerabilities.
Technical Readiness: The proposal has a clear plan and has already completed important milestones, such as token contract deployment and security audits. The main remaining step is for the Arbitrum DAO to register the custom gateway, showing that the project is well-prepared for execution.

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 vote FOR this proposal in the temperature check and will vote for it when it comes to an onchain vote.

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 vote FOR this proposal in the temperature check and will vote for it when it comes to an onchain vote.

This proposal only asks the governance to exercise the governance power to adjust the configuration of Arbitrum bridge contracts to allow a smooth transition of RARI tokens from L1 to L2. We are happy to see such an initiative and fully support it.

I vote: yes. Reason: I believe rari has become a leading decentralised protocol over the years, and by deploying tokens on the arb, it will better enable more users to hold and actively participate in governance. At the same time to many protocols to arb as a template. At the same time, we hope that rari will provide a complete strategy and path as a guideline case after the completion of rari.

We support the proposal to transition Rari's governance to the Arbitrum ecosystem. This initiative aligns with the broader goals of enhancing governance accessibility and efficiency, while also contributing to the growth of the Arbitrum network by onboarding another active community. The proposed improvements, such as reduced gas costs and a more streamlined user experience, are also beneficial

Some reservations include the lack of details regarding the incentives for current RARI token holders on Ethereum to migrate to the Arbitrum ecosystem. While the proposal mentions that costs will be offset and further incentives are under consideration, a clear, comprehensive strategy for this transition would be beneficial. Addressing potential risks and providing a structured plan for encouraging holders to bridge their tokens would help mitigate any friction during this migration process.

The long-term benefits of this proposal outweigh the potential concerns, and we are in support of moving forward with this transition.

I decided to vote FOR this proposal. It’s a no-brainer—no cost and tremendous potential value for the ecosystem.

Voting "For", always in support of anything that enhances the governance process. Especially at no cost to the DAO

Edit: To save space, editing comment to note that I do not have any change in my stance since the Snapshot vote. Will retain the "For" vote on Tally.

I voted FOR this proposal at the temp check stage. Governance is one of the stickiest sources of users and TVL. It's commendable that Rari is demonstrating its alignment with Arbitrum by moving governance from L1 to Arbitrum One, especially given the amount of work required to pass a constitutional proposal like this one.

We're voting FOR the Rari governance transition to Arbitrum. This move strategically positions Rari at the forefront of L2 governance innovation. It potentially unlocks wider participation and more agile decision-making for the protocol.

The proposal's focus on reducing transaction costs and improving UX addresses key pain points in current governance models. However, the success hinges on effective migration incentives, which need further elaboration.

We fully support this proposal once the technical checks and balances are complete.

We believe that this process should then be standardised to allow future DAO support for projects migrating from L1 to Arbitrum. As always, let’s make this experience as frictionless as possible.

Voted for: Helping the RARI DAO to move governance to Arbitrum is a net benefit for both.

Voted For: Happy to see RARI DAO moving their governance on Arbitrum. This could be a great case study for us for all future protocols or DAOs that decide the same.

We are in favor of the RARI token contract upgrade and the shift of its governance to the Arbitrum.

Smart move, of course the L2 are naturally equipped with the superior qualification for Governance.

After consideration, the @SEEDgov delegation has decided to vote “FOR” on this proposal at the Snapshot vote.

Rationale

We see no reason not to support this proposal given that it is costless and beneficial for the Arbitrum ecosystem. Agree with @Castlecapital on the need for a standardized process for this kind of migrations.

I voted FOR this proposal on Tally for the reasons outlined here. I appreciate that the Rari team took the time to include a published audit in the proposal.

Quoted from Frisson

jump to post →

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 this proposal just like we signaled we’d do when we voted for it during temp-check.

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 this proposal just like we signaled we’d do when we voted for it during temp-check.

The security review conducted by the ARDC didn’t raise any issues with the proposed implementation, which could have potentially changed our decision based on severity.

Vote: FOR

Type and Proposal Link: Snapshot –> Rari Governance Transition to Arbitrum

Voting Rationale Link: https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/17?u=alexlumley

=== COMMENTING ON PROPOSAL: ===

Vote: FOR

Type and Proposal Link: Snapshot –> Rari Governance Transition to Arbitrum

Voting Rationale Link: https://forum.arbitrum.foundation/t/alex-lumley-savvy-dao-delegate-communication-thread/26147/17?u=alexlumley

=== COMMENTING ON PROPOSAL: ===

Below are the opinions of the UADP:

Voted FOR as justified above. Go RARI!

Quoted from krst

Voted FOR as justified above. Go RARI!

Quoted from krst

jump to post →

How can we make this happen?

We Voted FOR this proposal

Rationale

We Voted FOR this proposal

Rationale

Alignment with Arbitrum's Goals: Moving governance to the Arbitrum ecosystem is consistent with Arbitrum’s focus on scalability and user accessibility
Improved Efficiency and Reduced Costs: the proposal will significantly reduce gas fees and make participation in governance more accessible for token holders.
Enhanced Governance Functionality: The proposal embeds important features like snapshots and delegations into the upgraded RARI token contract. This adds flexibility for token holders, streamlines governance, and improves decision-making processes.
Security and Audits: The upgraded token contract and the custom gateway have undergone security audits by Trail of Bits and manual tests. This provides a level of assurance that the transition will be secure and reliable, reducing the risk of vulnerabilities.
Technical Readiness: The proposal has a clear plan and has already completed important milestones, such as token contract deployment and security audits. The main remaining step is for the Arbitrum DAO to register the custom gateway, showing that the project is well-prepared for execution.