From 917b3b332059e1d597aa7373ed98dcc189a79dc9 Mon Sep 17 00:00:00 2001
From: rchany Arbitrum's governance token, an ERC-20 token native to the Arbitrum One chain. Owning $ARB makes you a member of the Arbitrum DAO and allows you to participate in Arbitrum's on-chain governance. Arbitrum's governance token, an ERC-20 token native to the Arbitrum One chain. Owning $ARB makes you a member of the ArbitrumDAO and allows you to participate in Arbitrum's on-chain governance. A series of smart contracts responsible for bridging $ARB between Arbitrum One and Ethereum. The $ARB token is native to Arbitrum One, meaning it's minted within a smart contract that lives on the Arbitrum One chain. The "reverse" gateway keeps the full $ARB supply escrowed in Arbitrum One, and mints or burns the Layer 1 (L1) token representation upon deposits/withdrawals. The reverse gateway is often compared to the Standard Token gateway", which mints/burns on Layer 2 (L2). A blockchain that runs on the Arbitrum protocol. Arbitrum chains are EVM compatible, and use an underlying EVM chain (e.g., Ethereum) for settlement and for succinct fraud-proofs (as needed). Arbitrum chains come in two forms: Arbitrum Rollup Chains and Arbitrum AnyTrust Chains. An entity with the affordance to upgrade Arbitrum core protocol contracts and set various system parameters. Arbitrum One has two chain owners: the Arbitrum DAO and the Security Council. An entity with the affordance to upgrade Arbitrum core protocol contracts and set various system parameters. Arbitrum One has two chain owners: the ArbitrumDAO and the Security Council. The worldwide community of $ARB token holders and Delegates. Governs the Arbitrum One chain, the Arbitrum Nova chain, The Constitution of the Arbitrum DAO, and the Security Council. The worldwide community of $ARB token holders and Delegates. Governs the Arbitrum One chain, the Arbitrum Nova chain, The Constitution of the ArbitrumDAO, and the Security Council. Public forum for viewing and discussing Arbitrum Improvement Proposal (AIP)s and other governance-related topics. A smart contract on the Arbitrum One chain that contains tokens collectively controlled by the Arbitrum DAO. A smart contract on the Arbitrum One chain that contains tokens collectively controlled by the ArbitrumDAO. A Governance proposal as defined by The Constitution of the Arbitrum DAO. There are two types of AIPs: Constitutional AIPs and Non-constitutional AIPs. A Governance proposal as defined by The Constitution of the ArbitrumDAO. There are two types of AIPs: Constitutional AIPs and Non-constitutional AIPs. Current Arbitrum tech stack; runs a fork of Geth and uses WebAssembly as its underlying VM for fraud proofs. $ARB tokens claimed from the Token Distributor Contract during the Claimable airdrop period. As opposed to Non-constitutional AIP. The stricter of the two types of proposals. Constitution proposals requires a longer delay before effectuation. Refer to The Constitution of the Arbitrum DAO for a more precise definition. As opposed to Non-constitutional AIP. The stricter of the two types of proposals. Constitution proposals requires a longer delay before effectuation. Refer to The Constitution of the ArbitrumDAO for a more precise definition. Governance contract responsible for creating Constitutional AIPs, aka "core proposals." Facilitates Smart contract logic and execution for Ethereum's Layer 1 (L1) network. Powered by execution-layer clients like Geth, Nethermind, and Besu. Special address (0x00000000000000000000000000000000000a4b86) that ARB holders can delegates can their votes to so-as not to be included in proposals' quorum calculation. Notable, the Arbitrum DAO treasury has its votes excluded. Special address (0x00000000000000000000000000000000000a4b86) that ARB holders can delegate their votes to, so not to be included in qualification threshold calculation in the Nominee Selection phase of the Security Council election process. Notably, the Arbitrum DAO treasury has its votes excluded. Smart contract wallet that stores the The Arbitrum Foundation's tokens; tokens vest linearly over the course of 4 years, as specified [AIP 1.1](https://www.tally.xyz/gov/arbitrum/proposal/70545629960586317780628692755032548222173912190231545322320044688071893662480) Smart contract wallet that stores the The Arbitrum Foundation's tokens; tokens vest linearly over the course of 4 years, as specified [AIP 1.1](https://alt.gov.arbitrum.foundation/proposal/70545629960586317780628692755032548222173912190231545322320044688071893662480) An execution-layer client that defines the Ethereum state transition function and handles network-layer logic like transaction memory pooling. Arbitrum Nitro utilizes a fork of Geth to implement Arbitrum's state transition function. Contract with the logic to be used for the execution of a Governance proposal; see governance contracts docs for details. A proposal to change some aspect of Arbitrum DAO's governance protocol. There are two types of Arbitrum DAO governance proposals: Constitutional AIPs and Non-constitutional AIPs. A proposal to change some aspect of ArbitrumDAO's governance protocol. There are two types of ArbitrumDAO governance proposals: Constitutional AIPs and Non-constitutional AIPs. A particular type of token that allows token-holders to vote on governance proposals. $ARB is an example of a governance token; it allows token-holders to create and vote on Arbitrum DAO Governance proposals. A particular type of token that allows token-holders to vote on governance proposals. $ARB is an example of a governance token; it allows token-holders to create and vote on ArbitrumDAO Governance proposals. In the context of Ethereum, immutability refers to the inability to change the data recorded in the blockchain. You can think of Ethereum's blockchain as a decentralized, distributed linked-list data structure that stores the entire history of transactions within a globally distributed network of computers running Ethereum client software. Transaction fee component paid by a user to a chain's Sequencer to refund the Sequencer for its batch-posting fees. Transaction fee component charged as proportion of L1 base fee, beyond, e.g., the amount strictly necessary for the Sequencer to break even; collected by the Arbitrum DAO. Transaction fee component charged as proportion of L1 base fee, beyond, e.g., the amount strictly necessary for the Sequencer to break even; collected by the ArbitrumDAO. Transaction fee component that covers the minimum cost of Arbitrum transaction execution; collection by the Arbitrum DAO on Arbitrum One and by the DAO + the Data Availability Committee (DAC) on Arbitrum Nova. Transaction fee component that covers the minimum cost of Arbitrum transaction execution; collection by the ArbitrumDAO on Arbitrum One and by the DAO + the Data Availability Committee (DAC) on Arbitrum Nova. Transaction fee component that covers the cost beyond that covered by the L2 Base Fee during chain congestion; collection by the Arbitrum DAO. Transaction fee component that covers the cost beyond that covered by the L2 Base Fee during chain congestion; collection by the ArbitrumDAO. An extension of the a Governance proposal's voting period by at most two days if Quorum is reached late, such that there are at least two days of voting after quorum is reached. With late-quorum extension logic, it follows that a proposal's voting period is at least 14 days and at most 16 days. Anyone who runs core protocol software in the Ethereum / Arbitrum ecosystem; e.g., Ethereum Nodes, Arbitrum One nodes, or Arbitrum Nova nodes. One of two types of Arbitrum DAO Governance proposals (the other being Constitutional AIP). Non-constitutional AIPs are those that don't meet the criteria to be considered "constitutional". One of two types of ArbitrumDAO Governance proposals (the other being Constitutional AIP). Non-constitutional AIPs are those that don't meet the criteria to be considered "constitutional". Routine actions taken by the Security Council, such as software upgrades and maintenance. Emergency actions are activated only after a delay, as opposed to Emergency action. As opposed to on-chain governance or Smart contract governance. Off-chain governance is carried out through social consensus, and off-chain proposals. The Ethereum Foundation's EIP mechanism is an example of an off-chain governance protocol. One of two types of governance actions allowed by The Constitution of the Arbitrum DAO. Off-chain actions are actions that are executed without Smart contracts. An example of an off-chain governance action is taking a "temperature check" on a proposal before submitting it to the governor contract. One of two types of governance actions allowed by The Constitution of the ArbitrumDAO. Off-chain actions are actions that are executed without Smart contracts. An example of an off-chain governance action is taking a "temperature check" on a proposal before submitting it to the governor contract. As opposed to off-chain governance, social governance, or pseudo governance. On-chain governance is governance implemented by Smart contracts that allow DAO members to determine - through the use of Governance proposals - how the DAO allocates its resources and updates its protocols. The Arbitrum DAO utilizes on-chain governance. As opposed to off-chain governance, social governance, or pseudo governance. On-chain governance is governance implemented by Smart contracts that allow DAO members to determine - through the use of Governance proposals - how the DAO allocates its resources and updates its protocols. The ArbitrumDAO utilizes on-chain governance. One of two types of governance actions allowed by The Constitution of the Arbitrum DAO. On-chain actions are executed as transactions submitted to the Arbitrum DAO's governance smart contracts. Updating the rate of $ARB inflation is an example of an on-chain governance action. One of two types of governance actions allowed by The Constitution of the ArbitrumDAO. On-chain actions are executed as transactions submitted to the ArbitrumDAO's governance smart contracts. Updating the rate of $ARB inflation is an example of an on-chain governance action. Optimistic rollup protocols are Layer 2 (L2) protocols that are designed to extend the throughput of Ethereum's base layer by using the base later for data availability and offloading computation to off-chain nodes. Arbitrum Rollup Protocol is an optimistic rollup protocol that inherits Ethereum's base-layer security guarantees. EVM compatible chain that acts as the settlement layer for one or more Arbitrum Chains (aka Child chain ). E.g., Ethereum is the parent chain of both Arbitrum One and Arbitrum Nova. Parent chain is synonymous with "underlying chain." The process of gradually increasing the decentralization of a system over time. In the context of the Arbitrum DAO, and decentralizing Arbitrum One and Arbitrum Nova, progressive decentralization refers to decentralizing the ownership of the chains, validators, sequencers, and the Data Availability Committee (DAC). The process of gradually increasing the decentralization of a system over time. In the context of the ArbitrumDAO, and decentralizing Arbitrum One and Arbitrum Nova, progressive decentralization refers to decentralizing the ownership of the chains, validators, sequencers, and the Data Availability Committee (DAC). A contract-enforced delay period of roughly two weeks that begins after a Governance proposal is accepted, and after which the proposal takes effect. The proposal waiting period is intended to give users the option of opting out (for example, by withdrawing their funds). A consensus-layer client that powers Ethereum Layer 1 (L1). Originally created by Prysmatic Labs; acquired by Offchain Labs in 2022. A consensus-layer client that powers Ethereum Layer 1 (L1). Originally created by Prysmatic Labs; acquired by Offchain in 2022. Minimum votes required for a Governance proposal to pass. For each governor's proposals, the quorum is a percentage of the non-excluded votes at the time that voting on the proposal begins (4.5% for the Core Governor and 3% for the Treasury Governor. Minimum ‘For’ and/or ‘Abstain’ votes required for a Governance proposal to pass. For each governor's proposals, the quorum is a fixed percentage of the total Delegated Voting Power (DVP). Furthermore, there are fixed lower and upper bound quorum thresholds to ensure that quorum remains robust yet achievable.
+
+Quorum = min{max quorum, max{ɑ*DVP, baseline quorum}} where ɑ, baseline quorum, and max quorum are constants.
+
+#### For constitutional proposals:
+
@@ -130,13 +130,13 @@ The client software implements a protocol that stores transaction history within
+In other words, for constitutional proposals, quorum is 50% of total DVP, but cannot be less than 150m $ARB nor more than 450m $ARB.
+
+#### For non-constitutional proposals:
+
+
+In other words, for non-constitutional proposals, quorum is 40% of total DVP, but cannot be less than 100m $ARB nor more than 300m $ARB. To learn more about quorum, refer to the The Constitution of the ArbitrumDAO.
A 12-member council of entities who hold the private keys to a 12-member Multisignature wallet. Members of the council use this wallet to perform Emergency actions and Non-emergency actions.
@@ -203,7 +218,7 @@ The client software implements a protocol that stores transaction history within ### Security Council election {#security-council-election} -A process by which the Arbitrum DAO can elect the members of the Security Council. Happens twice a year.
+A process by which the ArbitrumDAO can elect the members of the Security Council. Happens twice a year.
### Security Council Election Compliance {#security-council-election-compliance}Second phase of a Security Council election, in which The Arbitrum Foundation ensures nominees have passed the requisite compliance checks in order to become Security Council members.
@@ -221,44 +236,47 @@ The client software implements a protocol that stores transaction history withinAn entity (currently a single-party on Arbitrum One) given rights to reorder transactions in the Fast Inbox over a fixed window of time, who can thus give clients sub-blocktime Soft Confirmations. (Not to be confused with a Validator).
### Smart contract {#smart-contract} -Self-executing code that's stored and executed on the Ethereum blockchain - either on Layer 1 (L1) or Layer 2 (L2). Smart contracts let you automate tasks and protocols in a Trustless manner. The Arbitrum DAO uses smart contracts to trustlessly implement the protocol defined by The Constitution of the Arbitrum DAO.
+Self-executing code that's stored and executed on the Ethereum blockchain - either on Layer 1 (L1) or Layer 2 (L2). Smart contracts let you automate tasks and protocols in a Trustless manner. The ArbitrumDAO uses smart contracts to trustlessly implement the protocol defined by The Constitution of the ArbitrumDAO.
-### Snapshot poll {#snapshot-poll} -Mechanism by which Delegates can vote off-chain; used for temperature checks in conjunction with the Arbitrum DAO governance forum.
+### Off-chain Governance UI {#offchain-governance-ui} +Web interface that can be used to raise off-chain proposals and cast off-chain votes; typically used for temperature checks in conjunction with the ArbitrumDAO governance forum.
### Standard Token gateway {#standard-token-gateway}A series of smart contracts responsible for bridging ERC20 tokens on Ethereum to Arbitrum chains like Arbitrum One or Arbitrum Nova and back. The standard gateway keeps the L1 token escrowed on Ethereum and mints/burns the L2 token representation upon deposits/withdrawals.
-### Tally {#tally} -Web interface that can be used to interact with Arbitrum Governance contracts, including viewing, submitting, and voting on Governance proposals. Link
+### On-chain Governance UI {#onchain-governance-ui} +Web interface that can be used to interact with Arbitrum Governance contracts, including viewing, submitting, and voting on Governance proposals: -
+A legal entity that is governed by the Arbitrum DAO. Is bound to the rules articulated within The Constitution of the Arbitrum DAO.
+A legal entity that is governed by the ArbitrumDAO. Is bound to the rules articulated within The Constitution of the ArbitrumDAO.
### The Arbitrum Treasury tokens {#the-arbitrum-treasury-tokens} -$ARB tokens owned by the Arbitrum DAO Treasury.
+$ARB tokens owned by the ArbitrumDAO Treasury.
-### The Constitution of the Arbitrum DAO {#the-constitution-of-the-arbitrum-dao} -A formal document that lays out the rules, procedures, and community values by which the Arbitrum DAO operates. The hash of the canonical constitution is stored on chain and is updatable via governance. The protocol outlined by The Constitution of the Arbitrum DAO is codified within the Smart contracts that facilitate Arbitrum DAO governance.
+### The Constitution of the ArbitrumDAO {#the-constitution-of-the-arbitrum-dao} +A formal document that lays out the rules, procedures, and community values by which the ArbitrumDAO operates. The hash of the canonical constitution is stored on chain and is updatable via governance. The protocol outlined by The Constitution of the ArbitrumDAO is codified within the Smart contracts that facilitate ArbitrumDAO governance.
### Timelock contract {#timelock-contract} -A smart contract that restricts an action from taking place before a specified future time. Used at various stages in the Arbitrum DAO's governance proposal process.
+A smart contract that restricts an action from taking place before a specified future time. Used at various stages in the ArbitrumDAO's governance proposal process.
### Token Distributor Contract {#token-distributor-contract}Smart contract that was responsible for holding and distributing $ARB tokens for the Airdrop. The airdrop ended 9/24/23.
### Token-weighted governance {#tokenweighted-governance} -A protocol governance system in which voting weight is proportional to ownership of a governance token. The Arbitrum DAO implements token-weighted governance.
+A protocol governance system in which voting weight is proportional to ownership of a governance token. The ArbitrumDAO implements token-weighted governance.
### Transparency report {#transparency-report}A report that explains what actions were taken and why, especially after Emergency actions executed by the Security Council.
### Treasury Governor {#treasury-governor} -Governance contract responsible for creating Non-constitutional AIPs, or "treasury proposals", e.g., transferring founds out of the Arbitrum DAO Treasury.
+Governance contract responsible for creating Non-constitutional AIPs, or "treasury proposals", e.g., transferring founds out of the ArbitrumDAO Treasury.
### Trustless {#trustless}In the context of Ethereum, trustless refers to the ability of a system to operate without reliance on a central authority or intermediary. Instead, users place their trust in math and protocols.
@@ -275,16 +293,18 @@ This is achieved through the use of cryptographic techniques and decentralized c
### Votable tokens {#votable-tokens}
All $ARB tokens in existence except for:
-
Votable tokens give their holders voting power in direct proportion to the quantity of tokens held. More $ARB == more voting power.
14-16 days after an Arbitrum Improvement Proposal (AIP) is successfully submitted during which members of the Arbitrum DAO can vote for or against.
+
14-16 days after an Arbitrum Improvement Proposal (AIP) is successfully submitted during which members of the ArbitrumDAO can vote for, against or abstain.
Facilitates Smart contract logic and execution for Ethereum's Layer 1 (L1) network. Powered by execution-layer clients like Geth, Nethermind, and Besu.
### Exclude Address {#exclude-address} -Special address (0x00000000000000000000000000000000000a4b86) that ARB holders can delegate their votes to, so not to be included in qualification threshold calculation in the Nominee Selection phase of the Security Council election process. Notably, the Arbitrum DAO treasury has its votes excluded.
+Special address (0x00000000000000000000000000000000000a4b86) that ARB holders can delegate their votes to, so not to be included in the qualification threshold calculation for the Nominee Selection phase of the Security Council election process. Notably, the Arbitrum DAO treasury has its votes excluded.
### Foundation Vesting Wallet {#foundation-vesting-wallet}Smart contract wallet that stores the The Arbitrum Foundation's tokens; tokens vest linearly over the course of 4 years, as specified [AIP 1.1](https://alt.gov.arbitrum.foundation/proposal/70545629960586317780628692755032548222173912190231545322320044688071893662480)
From 1a67c6a26b48e86132b167a3d6ba2c2f2b0d958a Mon Sep 17 00:00:00 2001 From: rchanyFinal phase of a Security Council election, after which the six nominees who received the most votes become members of the Security Council.
### Security Council Nominee Selection {#security-council-nominee-selection} -First phase of a Security Council election, in which candidates who meet a minimum threshold of votes advance.
+First phase of a Security Council election, in which candidates who meet a minimum threshold of votes to advance.
### Seed phrase {#seed-phrase}Also referred to as "recovery phrase" or "backup phrase". A highly sensitive, deterministic sequence of words that you can use to recover your Ethereum wallet's private keys if you lose your credentials or device.