Hi @Avantgarde, appreciate the time digesting the proposal and positive feedback. Find some details below:
(1) Re. the OpEx budget:
Regarding the OpEx budget - can you provide any insight into the oversight mechanisms for this budget? e.g., how the MSS will ensure transparency and accountability in spending and what processes will be in place to report back to the DAO on fund utilisation?
The proposal published by Entropy already binds MSS participants to a transparency and accountability policy relating to breach of duties, conflicts of interest, etc. and there is also a process for the removal of a member if this occurs (if 8/12 agree that this has occurred).
(2) Re. the management of the Security Services Subsidy Fund
On the management of the Security Services Subsidy Fund (kudos for waiving management fees for the pilot phase) - how are you thinking about this long term, including if the fund grows in size/scope etc?
For future iterations we aim to open up management of the fund to other parties who can apply to be selected to manage the fund, akin to our previous proposal to establish a sub-committee for the Security Services Subsidy Fund. In alignment with delegates and the DAO, we believe that the ability to select projects to receive subsidies benefits from having more parties/stakeholders involved in the long-term. Given the operational effort to set up and run such a fund, we propose these parties charge a management fee including operational expenses as a percentage fee of the value of the fund.
(3) Re. Reporting
As far as is understood, the multi-sig management will be handled by the MSS established by Entropy - but what does the specific roles and responsibilities look like? who holds decision-making authority and how would potential conflicts of interest be addressed?
As funds will be endowed in the MSS, they will be subject to the MSS reporting requirements which are currently being handled by R3gen Finance through token flow reporting. This report will detail expenditures, inflows from Sequencer Flows, and other direct outflows from the Arbitrum Treasury. The report will also include ancillary items such as include transaction fees, treasury holdings, spending estimations, and contributor analyses.
Hope that helped to clarify some of the open items. Let us know if you have any further questions!