TIP-38: Future of Treasure’s Arbitrum Council (ARC)

Summary

TreasureDAO (“Treasure”) is a prominent and respected member of the Arbitrum ecosystem. This position comes with significant responsibilities; both to the Treasure community in advocating for its interests, to be a leader championing web3 gaming more broadly within Arbitrum, and to support the success of Arbitrum DAO itself.

To fulfil this commitment, the Treasure core council has established the Arbitrum Council (ARC), an independant community-led council, consisting of members from both the Treasure and Arbitrum communities. By forming the ARC, Treasure core contributors were able to remain primarily focused on ecosystem growth at Treasure while also seeking to satisfy our obligation to Arbitrum - ultimately resulting in benefits to both the Treasure and Arbitrum communities.

The first term of the ARC formally ends on April 30, 2024. For this reason we present three different options for community considerations on how to proceed:

ARC Renewed
ARC Reelected
ARC Dissolved

Read Full Proposal

Please click here to read the full TIP-38 proposal.

Voting Period

Voting commences now, ending Monday, March 25, 2024 at 16:00 UTC (unix timestamp: 1711382400 - copy and paste here to see local time).

Voting Eligibility

The following holders of MAGIC can vote:
- (A) Stakers in the Harvesters or the TreasureDAO Governance Staking contract, and holders of MAGIC-ETH SLP on Arbitrum One.
- (B) Holders of all listed Magicswap LP tokens and stakers in Beefy’s mooSushiMAGIC-ETH vault or Balancer’s 50% MAGIC / 50% USDC weighted pool.
gMAGIC will be calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount)

start

March 17, 2024

8:00 PM

end

March 25, 2024

4:00 PM

Voting

off-chain

Voting type

single-choice

Voters

757

Votes

3,408,815

Final Votes

closed

Renew ARC

3.4M gMAGIC

99.66%

Re-elect ARC

11.3K gMAGIC

0.33%

Dissolve ARC

89.3 gMAGIC

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%