While I would prefer this proposal be split into smaller pieces to be voted on individually, I will vote FOR this proposal.
Managing complex web3 grant programs is a lot of work, a 19.7% overhead for a grant program is very high but just like the 20% overhead of the Questbook Proposal, I expect this is a start up cost and if the program continues I would hope the overhead can get to less than 10%.
One part that I love about this proposal is the effort to define the DAO’s Mission, Vision, Values and funding priorities with the community. This is very difficult, to execute on, but I think it will have a lot of positive second order effects beyond the grant proposal.
Quadratic Funding is an amazing funding technique with with a natural virality to it, while also multiplying the impact of the ARB being used to to reward builders. This will be a huge benefit to the Arbitrum Ecosystem, in onboarding new users, and making every project that is fundraising for their work on Arbitrum also a promoter of the arbitrum ecosystem.
I also think there are novel patterns for grant programs emerging like RetroPGF and likely others that can easily be integrated here, and Plurality labs has their finger on the pulse of the ecosystem to bring in these cool techniques.
It is hard to find a team that has more experience with grants in the web3 space than this one, which is why I very much trust them to execute on this proposal.
My biggest worry/concern is how the legal framework of Arbitrum will work… If there are going to be strict KYC requirements imposed by the foundation on regranting (as is done with Optimism) I don’t think that it makes sense for this program to really exist, as it’s opportunity to include novel forms of fundraising would have a lot of extra friction that doesn’t mesh well with web3’s permissionless nature and the large anon builder community on Arbitrum.
I am assuming that there would be very light KYC requirements imposed on regranting, like, only on projects that receive over $10k USD value from the matching pool as was done with Gitcoin Grants.