daos

1/ 🚀 Arbitrum Governance Upgrade Proposal: What's Happening? @arbitrum 🧵 1/6

Official account of the Arbitrum Foundation.

https://arbitrum.io/

We uncover what is happening across web3 👀

2/ Frisson proposes an upgrade to the Arbitrum Gore and Treasury Governor contracts, aiming to enable on-chain proposal cancellation. This involves transferring proposer and canceller roles to new Governor contracts, with feedback from Offchain Labs and audits by OpenZeppelin ensuring security.

4/ Community Reactions:
- 0xDonPepe supports the proposal, highlighting the audit.
- paulofonseca suggests a clearer title and opposes new contracts due to potential data loss.
- GensDAO calls for clear criteria to prevent proposal abuse.

5/ Frisson is working on defining a clear process for proposal cancellation. Stay tuned for more updates!

👉 Learn more at https://app.x23.ai/arbitrum/discussions/topic/27531/change-to-new-governance-contracts-that-allow-proposal-cancellation

3/ Key Points:
- On-chain proposal cancellation could streamline decision-making.
- No impact on historical records; no funds or permissions are moved.
- New feature allows delegates to cancel proposals during the delay phase, raising transparency concerns.