So another flagship for Arbitrum to attract and retain projects. It will encourage developers to choose Arbitrum which will help grow and expand our ecosystem.
That said, there are some things to consider before approving a $10M proposal. From my experience working with audit firms, $100K per project seems high tbh. Typically, it’s around $30K-80K (from essential to premium packages). This even doesn’t include referral fees or discounts for handling 100 projects, so I may be wrong, but just wanted to raise this 
Like other delegates, I agree that paying in ARB more than USD would help reduce sell pressure for the DAO.
At the end of the day, if the proposal is passed, I hope the program will have a reimbursement process for projects that get audited but don’t perform well.