The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas. It’s based on their combined research, fact-checking, and ideation.
We want to thank the ADPC for all the work they’ve done in setting up the framework and whitelisting security service providers. We hope to see the Foundation use the groundwork the ADPC has done and build on top of it.
In our view, this is an expected pathway for many different initiatives the DAO undertakes; a third-party contributor proposes something and leads the charge, and once the concept is proven, the AF (or in the future, the OpCo) internalizes it and optimizes it to be as efficient as possible, creating value within the DAO structures.
At this time, the DAO has no way of providing a security audit subsidy to projects, given that the previous subsidy fund from the ADPC has run out and there have been no steps to renew it. In our view, it makes sense for the Foundation to administer the security subsidy fund, given its position and proximity to both builders and Arbitrum’s tech.
One thing we’d like to point out about the proposal itself is that the Foundation will run the subsidy fund on behalf of the DAO using the DAO’s funds. As such, we’ll hold them to the same standard as any and all other contributors and service providers, and we actually expect them to be an example of what a DAO-funded program should look like.
We would also like to emphasize that we see this program as a BD initiative that should first and foremost drive the growth of the Arbitrum ecosystem. Therefore, we expect that whoever the OCL and AF representatives will be in the committee, they will coordinate internally to make sure that the projects selected to receive audit grants are in line with Arbitrum’s long-term growth strategy.