ArbOS V11 proposal has received over 99% voting support, will Arbitrum’s fundamentals undergo a major change?

Will Arbitrum's Fundamentals Undergo a Significant Transformation with Over 99% Voting Support for the ArbOS V11 Proposal?

Author: Sharon

Recently, two proposals from Arbitrum have caught people’s attention.

On November 28th, the Arbitrum community initiated the “ArbOS V11” AIP proposal vote, which states, “At a higher level, the ArbOS upgrade can be seen as a hard fork of Arbitrum.”

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ArbOS V11 has received over 99% support, what upgrades will Arbitrum receive?

According to BlockBeats, the current support rate for this proposal is maintained at 99%, and the voting will end around 6:00 am on December 5th. This also means that, barring any major unexpected circumstances, the proposal will pass with over 99% support.

According to the detailed information of this proposal, Arbitrum will receive multiple improvements, including support for the EVM Shanghai upgrade and PUSH0 opcode, as well as various bug fixes. These improvements have been reviewed and can be adopted by Arbitrum Orbit Chain, Arbitrum One, and Arbitrum Nova, which are included in the proposal.

In fact, this upgrade to the Arbitrum chain rules is also known as “ArbOS upgrade.” With the ArbOS upgrade, developers will focus on changes that could affect the validity of Arbitrum blocks (“RBlocks”). This is crucial for ensuring the smooth security of Arbitrum.

Arbitrum points out that, similar to Ethereum on L1 blockchain, if nodes running different versions of ArbOS are provided for a given Arbitrum chain, it could lead to the generation of two different versions: “However, unlike Ethereum, there is an ‘objective’ way to determine which one of the competing chains is the canonical chain: the Arbitrum bridge.”

The bridge of Arbitrum is a series of smart contracts residing on its parent chain, which is responsible for maintaining information about the state of the Arbitrum chain on L1. Additionally, this enables users to transfer assets between L1 and L2.

This bridge ensures that its view of the Arbitrum chain is accurate through assertions and fraud proof systems. Arbitrum validators can make declarations about the state of the chain, which can be challenged by other validators.

But importantly, this means that the bridging contracts on L1 need to understand the execution rules of the Arbitrum chain. Therefore, for Arbitrum One, these contract updates require the Arbitrum DAO to change the execution rules of the Arbitrum chain through a governance proposal to accommodate the changes.

Therefore, in this proposal, the upgrade of ArbOS is seen as a hard fork of Arbitrum. Specifically, since the latest version of Geth already includes support for the changes made to the EVM in the Shanghai L1 upgrade, Arbitrum also needs to support it to ensure there are no divergences with previous versions of node software.

The areas that need to be fixed include fixable repairs, fixing the chain owner list returned by precompiles, fixing the issue of some precompile methods consuming all Gas during recovery, and creating missing precompile methods to view some L1 pricing parameters, among others.

Latest funding proposal for Arbitrum: 55 projects share over $70 million

BlockBeats observed that the Arbitrum community recently passed a proposal regarding fund allocation.

On December 3, the community voted in favor of the “providing reserve funding for successful STIP proposals” community proposal, outlining a one-time feedback fund for all “approved but unfunded proposals” of Arbitrum STIP, with a proposed increase of 21.4 million ARB to 71.4 million ARB in total budget, and an increase of 26 in the total number of participating protocols, totaling 56 funded projects.

On December 4, the Arbitrum DAO also voted in favor of a 21.1 million token (approximately $23.5 million) funding proposal for projects that missed out on the initial 50 million token short-term incentive plan (STIP) funding.

In addition to the 29 projects funded in the first round, another 26 projects will receive funding, with the largest being Gains Network receiving 4.5 million tokens ($5 million) in funding. Stargate Finance and Synapse will each receive 2 million ARB tokens ($2.2 million) in funding, and Wormhole will receive 1.8 million tokens ($2 million).

With the approval of the new proposal, the total budget for STIP has increased to 71.1 million ARB tokens. According to the proposal, the additional funds will be allocated after a three-day waiting period.

It is worth mentioning that Wormhole, one of the projects that received funding this time, completed a $225 million financing with a valuation of $2.5 billion on November 29, which attracted attention from the crypto community.

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