CIP-52: EBBO (fairness) specifications, reimbursement procedures and escalation mechanisms (Snapshot)
Summary:
The proposal seeks to clarify EBBO (Ethereum’s Best Bid and Offer) violation criteria, define mechanisms for reimbursement and escalation, and ensure better enforcement of this social consensus rules for user protection.
Vote: For
Rationale:
Clear guidelines ensures solvers conduct transactions appropriately, protecting user interests, the protocol and this DAO. This will be safeguards for potential damages in exceptional cases.
CIP-53: Delegation Program Initiation (Snapshot)
Summary:
This proposal introduces permissionless delegation via Snapshot and defines Recognized Delegates vetted by the GrantsDAO committee to enhance governance and promote community alignment.
Vote: For
Rationale:
Protocol governance requires expertise, making it challenging to delegate responsibilities entirely to the community. Establishing roles like recognized delegates effectively involves experts and trusted participants, strengthening the governance system.
CIP-54: Dissolve Project Blanc bonding pool (Snapshot)
Summary:
To conclude its operations, Project Blanc has proposed a systematic approach including unvouching solver addresses and finalizing the dissolution of its bonding pool.
Vote: For
Rationale:
While it is unfortunate for CoW DAO that the solver operations will cease, even if only temporarily, this situation is unavoidable and should be addressed appropriately. The necessary steps outlined by @harisang have been properly followed prior to moving to the CIP phase, and we see no grounds for objection.
CIP-55: Slashing of the GlueX Protocol solver and the CoW DAO bonding pool (Snapshot)
Summary:
The proposes slashing GlueX solver’s bond as a procedural step after reimbursing $76,783 lost in an exploit.
Vote: For
Rationale:
The bonding pool has been reimbursed, the root cause of the bug addressed, and the final procedures after the incident seem ready to be concluded.
That said, we believe it is essential to establish more robust preventive measures against this kind of incident as shared here.