@Arbitrum , I appreciate this proposal and agree with the need for funding to support projects with audit expenses, which can be prohibitively expensive for many teams. However, I have some questions and concerns:
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Differentiation from ADPC Subsidy Fund: Could you elaborate on how this new program significantly improves upon the revised ADPC Subsidy Fund? What specific shortcomings of the previous program does this address?
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Timing and Evaluation: The ADPC has announced that they will be posting the Subsidy Fund Outcome report (ADPC Update Thread (Phase II) - #22 by sid_areta) in the coming days. Wouldn’t it be prudent to wait for this report before proceeding with a similar program / giving final shape to a new one? This would allow us to learn from issues of the previous program, identify areas for improvement and ensure we’re not duplicating efforts unnecessarily.
I think this should be considered before moving forward with this proposal. Especially in the current state, our efforts should truly add value to the eco and be perfected before publishing, otherwise we risk contributing to a waste of resources.