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BarnBridgeBarnBridgeby0x747dfb7D6D27671B4e3E98087f00e6B023d0AAb7barnbridge.eth

Move DAO to Arbitrum, SYV2 on Arbitrum, SYV2 on Optimism

Voting ended over 3 years agoSucceeded

I spoke about this briefly in the Discord. I'm adding it here as we need to make a decision and not leave our DAO treasury in limbo in a multisig. For reference, we haven't bridged our DAO funds to Optimism due to delays around Optimism's bridge. I wanted to give it until the end of September.. and here we are.

At this point, I want to propose we move our DAO to Arbitrum which is still an optimistic rollup as we voted on. The issue is we can’t use a multisig to bridge liquidity because Gnosis doesn’t support Optimism or visa versa but Arbitrum does. So I am proposing we put our DAO on Arbitrum.

Further, I don’t think we have gotten enough support or love from the delegates (which was a major factor in us looking to move to Optimism over Arbitrum for the DAO function) to honor being native to any rollup and at this point I think we are better optimizing for the best tech for every unique function. One function being the products and the other function being governance.

This also shouldn't be read as a knock on Optimism. I very much support their team and ecosystem and I want to grow in conjunction with them.

Further, this doesn't exclude that we work with Optimism. I think we still launch our main product, SMART Yield V2 to Optimism AS WELL AS Arbitrum.

Off-Chain Vote

Yes
57.54 vBOND100%
No
0 vBOND0%
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Timeline

Sep 27, 2022Proposal created
Sep 27, 2022Proposal vote started
Sep 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated