Key Points:
The ArbitrumDAO Constitution specifies that the first Security Council election should start on the 15th of September alongside a specification for the election. However, an on-chain implementation of the entire election is still a work in progress. The Arbitrum Foundation has sponsored the implementation of a smart contract suite by Offchain Labs, an extension of Tally’s user interface, and the respective audits.
To provide flexibility for the start date of the election, a proposal has been made to revise the ArbitrumDAO Constitution. If passed by a Constitutional Vote, the new start date will be on the 15th of September or the earliest possible date in which an on-chain election can begin.
The motivation to change the election’s start date is to provide time for the implementation to be completed, security audits to be performed, for the community to gain confidence in the quality of its performance, and for the Arbitrum DAO to vote on a separate Constitutional AIP to install an on-chain election system. The overarching goal is to allow the election to begin on the 15th of September, but it is prudent to provide leeway and ensure all parties, especially the Arbitrum DAO, are confident in the election software’s security and completeness.
The proposal suggests that the first and all subsequent security elections should be performed via the on-chain election process. However, the activation of the Security Council election is dependent on the complete implementation for the on-chain smart contracts, complete implementation of the user interface, and smart contract audit by a highly regarded auditing firm, all parties, including the Arbitrum DAO, have gained confidence in the implementation’s completeness and security, and successful Constitutional Vote by the DAO to install the new election software.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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