🧵 Nethermind x Arbitrum ARDC: Governance Risks Analysis Our team at Nethermind Research conducted an in-depth analysis for @Arbitrum as part of ARDC, focused on the rising risk of governance failure as quorum increases, participation stagnates, and proposal manipulation becomes economically viable. We assess the cost of governance attacks, project the probability of proposals failing to reach quorum, and offer potential recommendations to improve Arbitrum’s long-term governance resilience. This research is crucial as multiple proposals have recently struggled to reach quorum, and depressed token prices in bear markets reduce the cost of governance attacks. Please find the detailed report on the governance forum: https://forum.arbitrum.foundation/t/part-2-arbitrum-governance-risks-analysis/28978 Here’s what we found 👇