Thank you for the offer.
Supporting projects with audits is a great way to reduce potential user losses in the Arbitrum ecosystem
However, there are also questions:
If funds are allocated from the DAO, I do not understand why the Arbitrum Foundation should head it.
In fact, nothing will depend on the DAO’s vote and decisions made by the Arbitrum Foundation and Offchain Labs will override the DAO.
I would like to see more DAO presence in this committee.
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You are talking about a long term perspective and setting a budget for only 1 year. In my opinion, this is not a long term perspective and Arbitrum already had a program of audit compensation during the year. How is this program better?
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I think this budget is greatly overstated. I don’t see 100 projects a year that Arbitrum needs so much that we are ready to give them 30 million ARB. Will we proceed from how much money we have or from what projects we need?
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I think we could give money for audit projects together with the AVI (Arbitrum Venture Initiative) project.
On the one hand, we help the project, on the other, if it is successfully deployed, we will receive a profit. This scheme is much more honest than simply throwing money at projects, most of which, according to statistics, will be unsuccessful.