We’re aware that this is coming too late for this vote and we don’t consider it something that needed to be a blocker for this proposal anyway, but we’d like to keep this topic from getting lost to time in delegate chats.
In this proposal that passed Tally, there’s text that reads:
3% of auction proceeds to be set aside for the Arbitrum Developer Guild, which helps fund core Arbitrum development
In August of last year, there was a similar line included in the vote to change the Arbitrum Expansion Program
In return, the new Orbit chain is expected to share 10% of their chain’s profit back to the wider Arbitrum ecosystem. This includes 8% for the ArbitrumDAO and 2% for a new Arbitrum Developer Guild.
When asked about the Arbitrum Developer Guild then, we were told that there wasn’t much to share but the format was being worked on.
When @JoJo asked about this again recently and suggested an update in a GRC call, we were again given very little information.
At the same time, we can see that the [Orbit] Developer Guild is indeed collecting (a negligible amount) of money, and presumably will have more income when auctions begin.
graph from https://dune.com/entropy_advisors/arbitrum-dao-financials
Like we mentioned at this beginning of this post and in our rationale for voting on the Expansion Program, we don’t believe that this is something big enough to vote against either of these proposals for, but we do find it odd that we’re creating official fee structures that are already and will continue to fund this organization we don’t know much about. We also don’t believe this is particularly urgent or should be the first priority of the DAO as the income is still so small, but we’d like to see more on this before we get too far out into the future and the amount of money being diverted into the Guild does become significant.