[Governance Poll Proposal] Migrate DONUTs from Gnosis to Arbitrum One

This proposal post is for discussion concerning the migration of DONUTs to a different chain than Gnosis, namely Arbitrum One.

#The problem

During the 2021 bull market gas fees became prohibitively expensive for DONUT-related activity, so a transition to Gnosis was made. At the time, no real L2, as we know them now, was available. While there was some possibility Gnosis would become an L2, this has now explicitly been ruled out.

#The solution

As an Ethereum community, the Mod Team suggests to move to an appropriate Ethereum-secured L2: Arbitrum One.

#FAQ

Why not Arbitrum Nova?

There's no multisig available there.

Why not Polygon?

Because we'd prefer to remain within the Ethereum network.

Additional comment by carlslarson:

For some reference, gas price for a tip on Arbitrum One would right now be around 1.2c (vs .08c on gnosis). A full, subsidized distribution (where we pay for all sends) would be ~6$ (vs 5c on gnosis). I would assume Nova is much cheaper, closer to Gnosis. But this cost may come down substantially post-EIP 4844. And it also comes with advantage of a wider and much more supported ecosystem as well as being a full fledged and secure

Ethereum L2. If cheaper tx are needed for some activity it might be possible to shift only that activity to Nova (a future on-chain upvote system, for instance).