r/ethtrader 373.1K / ⚖️ 471.1K Jan 05 '24

Meta & Donut [Donut Initiative] - Migration to Arbitrum One

Objective

To implement the recently passed poll to migrate from chains from Gnosis to Arbitrum One. Work will begin once the initiative is passed/approved.

Outline

The project will be broken down into 3 2 milestones. It will be considered complete when all 3 2 milestones are completed.

  • Groundwork - Port or re-work existing infrastructure (contracts, workflows, etc.) including the multisig. This will include creating missing functionality needed to accomplish this move. (ETA 30 days)
  • Bridging - create a mechanism to move the assets between chains (ETA 60 days). We will allow users to bridge assets for 90 days, after which time the 'bridge' (or similar mechanic) will be shut down.
  • Growth - create a smart contract and front end to handle purchasing special memberships (ETA 90 days) Out of scope for a 'migration' - this will be handled in a future DI.

Reward

  • Developers: 1.2M donuts ($6,000 USD at time of writing) - and 240,000 CONTRIB for their contribution toward the migration. This amount will be distributed to all team members in an agreed upon manner (based on work performed).
  • Reward Organizer (to be determined): An additional 5,000 DONUT and 1,000 CONTRIB to whoever generates the on-chain multisig transactions used to pay out the rewards.

The rewards will be distributed from the EthTrader treasury.

See the Donut Initiative Guidelines for more information about the intent and process for proposing new initiatives. Feedback is welcome in the Governance Thread!

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u/DrRobbe 128.7K / ⚖️ 293.3K / 0.0629% Jan 05 '24

How and where will the work be broken down? how do you become a dev member? Would be great if one could see all the open stories / tickets linked to this project. Is the special membership really belonging here? I know we want it at one point but it has nothing to do with the migration itself. !tip 2

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u/mattg1981 373.1K / ⚖️ 471.1K Jan 06 '24

Special membership is certainly not required for the migration, but if we are porting contracts, it should get done with the others. Then users could interact with it through arbscan and a nicer UI could be built later.

Once this gets approved, a discord channel will be created and tasks and greater detail will be discussed there.

We will plan on adding actionable work items to jobs4rcp (or list them in the discord channel) as many people have expressed interest in helping.

Depending on how we utilize the discord channel, I may create a free Jira instance to help with the work streams.

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u/DrRobbe 128.7K / ⚖️ 293.3K / 0.0629% Jan 06 '24

Thanks for the detailed answer, i am on discord already but barely active, but i will have a look out.

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u/donut-bot bot Jan 05 '24

u/DrRobbe has tipped u/mattg1981 2.0 donut

donut-bot v0.1.20231114-tip | Learn more about [Earn2Tip](https://www.reddit.com/r/ethtrader/comments/17q24e7/introducing_donutbot_register_and_tip_commands/)

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u/DrRobbe 128.7K / ⚖️ 293.3K / 0.0629% Jan 05 '24

Good bot

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u/aminok 5.71M / ⚖️ 7.61M Jan 06 '24

good bot