Centralization, Decentralization, and DAOs What real systems like @arbitrum reveal about governance under pressure. medium.com/@onlyformholds_41…

Joining us for the conversation today is @Sinkas_ , program manager @Arbitrum OpCo and involved with Arbitrum DAO since 2023. Sinkas will be taking the stage at ETHCluj this year and we look forward to hearing his insights around the Arbitrum ecosystem, DAO participation, and opportunities for builders.

The Six Aspects of Decentralization. At best, most DAOs are fulfilling perhaps just one, maybe two, of these.

Crypto likes the “decentralized vs centralized” binary because it wants to keep shifting blame. But that's like saying a plane should either have no pilot or one person flying it, fixing the engine & serving the drinks. Both absurd. Subsidiarity is what happens in practice.

Surely one of the most complex decisions ever made in Arbitrum governance history but a few things worth noting: 1. To all those screaming for the past few days “Arbitrum has a centralized sequencer so they can move funds”, take a few minutes to learn how Arbitrum works. The sequencer has absolutely no power to move funds and was not the one who acted here. 2. The decision to act was made entirely by the Arbitrum Security Council, a group of 12 individuals elected by the Arbitrum DAO (the annual election is currently underway — vote now!), which required 9/12 of them to agree. The council is independent from the Arbitrum Foundation and Offchain Labs (1/12 of the elected members is an OCL engineer), and came to this decision by themselves after much deliberation. You may not like the existence of security councils and you can form your own opinion on whether you agree with their actions, but this process was extremely distributed and coordinated by independent actors, and ina world where security councils exist, Arbitrum’s is a masterclass on how a truly independent security council should operate. 3. For many, the ultimate goal is to get rid of the security council entirely, but this is complicated. Technically it’s easy — the security council is elected by the DAO and operates at its pleasure, and the DAO can turn it off at any time. But the harder question is _should_ the DAO do that? L1s have the ability to hard fork. Security councils control the analogous power for the L2. If you get rid of it, you lose the ability to hard fork. You can still update the chain via DAO vote but that’s a slow process and you can no longer do fast emergency actions (which includes both actions like the security council took today as well as the ability to quickly upgrade the code in case an exploitable vulnerability in the software stack is discovered). As I’ve said many times, the best path that I see to getting rid of security councils is for the L1 itself to take on this burden for its most important L2s (as defined by objective criteria). In that case, in the case of a vulnerability or an exploit the conversation for L1 and L2 will be identical — does this warrant an L1 hard fork. I’m hopeful that we can reopen this conversation in the coming weeks.

The Aave Postmortem medium.com/@onlyformholds_41…

🚀🎉BIG News! Bulla is live on Arbitrum! We’re deploying a dedicated $PYUSD liquidity pool on @arbitrum to finance trucking invoices for North American freight carriers — same-day payment vs. waiting 30–180 days. Real invoices. Real yield. Real business. 🧵 @arbitrum @PayPal @tcsblockchain

What @tallyxyz's Shutdown Actually Tells Us About DAO Governance Demand TLDR: Tally was not to blame. The root causes are upstream, structural, largely unacknowledged and therefore likely to remain unresolved for the foreseeable future. medium.com/@onlyformholds_41…

The Arbitrum Platform is the best place to find product market fit for programmable innovation. .@USDai_Official just originated their largest loan to date, further cementing the need for the financial infrastructure layer. Arbitrum is powering the programmable economy.

Commodities are just the start. Every market is going programmable. And it will be powered by Arbitrum.

Introducing the Arbitrum Mentorship Program. An eight-week program starting April 13th, where 15 early-stage teams get access to: - A clear path from idea to launch on the Arbitrum platform with infra guidance, ecosystem support, and distribution channels - Hands-on mentorship from leading Arbitrum ecosystem teams and builders like @RobinhoodApp Chain - Curated investor access with sessions and warm intros to top venture firms Plus, a chance to win a share of $100K in awards at Demo Day. If you're an early-stage team at MVP, pre-seed, or seed, apply today: tally.so/r/aQdj2W

The ArbitrumDAO is now 3 years old. Claim a piece of this moment now on @OpenSea and join us in building out the future of the Arbitrum Platform. Mint here: opensea.io/collection/arbitr…

Arbitrum is the platform powering the programmable economy. From the very beginning, every business that has built with us has played a key role in our growth as one of the biggest onchain platforms in all of finance. Here's to the next 3 years and beyond. 🤝

Arbitrum co-founder defends ‘parasitic’ $12bn layer 2s as Ethereum falters dlnews.com/articles/defi/arb…

In this week's issue of The Protocol newsletter: - Ethereum’s Wall Street cheerleader - Avalanche cuts fees by 75% - Arbitrum integrates Bitcoin - UBS tests ZKSync for gold Compiled by @btschiller trib.al/z1GFVhD

EXCLUSIVE: The @BreederDodo team announced the launch of DODOChain, an 'Omni Trade Layer3' Powered by @arbitrum, @eigencloud, @alt_layer - in Protocol Village by @liqquidity trib.al/9iqezP2

George Boole was born exactly 210 years ago today. He was largely self‑taught, the son of a shoemaker, yet founded what we now call Boolean algebra.

Roger Penrose calculated that the probability of a universe like ours arising by chance is on the order of 1 in 10¹⁰¹²³, an inconceivably small number but you're here