Adopt Optimistic Governance for Market Parameter Updates

Hey everyone,

First, I want to thank the community for the overwhelming support in the Snapshot vote to implement Optimistic Governance for Arbitrum, Base, and Optimism. It is great to see such strong alignment on this direction.

Wanted to transparently share an update regarding the timeline - as we have moved deeper into the development phase, it has become clear that we underestimated the complexity of the cross-chain implementation required to do this safely and effectively.

To ensure this system is robust, we need significantly more time to refactor the current architecture, as well as complete thorough internal reviews and external audits. Because we are prioritizing security and correctness above all else, the previously targeted January timeline is no longer tenable. We cannot confidently progress this to an onchain proposal until these critical steps are completed.

We genuinely appreciate everyone’s patience as we work through these technical challenges. We are committed to getting this right and will update the DAO again as soon as there is meaningful progress on the build.

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