Having been elected into the ARDC’s operations role, Entropy has had a front-row seat to the initiative. To provide delegates with additional context, we are cross-posting a detailed summary of our views on the ARDC (the thread additionally includes a DAO call where the matter was discussed further).
To summarise, our belief is that the current program faces structural frictions that require a fundamental redesign before it can consistently deliver meaningful value to the DAO. Accordingly, we will be voting for Option C.
If there is soft consensus around not extending ARDC V2, we would strongly prefer to see the extension proposal modified such that USD-denominated funds are allocated to STEP 2 rather than left idle in the treasury.