Arbitrum DAO - $2,000

Arbitrum is a protocol designed to expedite and reduce the cost of Ethereum transactions. Developers leverage Arbitrum to construct user-friendly decentralized applications (dApps) capable of harnessing the scalability advantages of the Arbitrum Rollup and AnyTrust protocols.

Arbitrum's primary chain, Arbitrum One, was launched in 2021. This was followed swiftly by the introduction of Arbitrum Nova, a distinct AnyTrust chain tailored for ultra low-cost transactions. In August 2022, Arbitrum One underwent an upgrade to the Arbitrum Nitro stack, significantly enhancing its scaling capabilities by 7-10x.

The distribution of $ARB governance tokens plays a pivotal role in decentralizing governance over Arbitrum One and Arbitrum Nova, as well as their underlying protocols. $ARB tokens empower holders to participate in Arbitrum DAO governance proposals, enabling collective influence over the future evolution of Arbitrum protocols and chains. Token holders also have the option to delegate their voting power to delegates.

Arbitrum is recognized as the first Layer 2 scaling solution to achieve Stage 1 Decentralization. For further insights, refer to the Arbitrum Foundation Medium post on progressive decentralization.

For more information, please visit the Arbitrum documentation.

Moonshot projects: 2x$100 each

This hackathon aims to be inclusive, allowing participation from both technical and non-technical individuals, following the ethos of GovHack.

Description: Devise strategies, whether on-chain or off-chain, code-based or not, to onboard contributors/projects to Arbitrum or Arbitrum DAO sustainably. Effective solutions would address issues such as the principal-agent problem and attracting contributors with extractive behavior. Examples include experimental contributor onboarding pathways leveraging web3 tools or gamified approaches.

Example projects include mechanisms for public goods allocation, decentralized social platforms, gaming applications, and moonshot ideas addressing web3 challenges or DAO issues. Submission in document/whitepaper format is also accepted.