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Proposal: The Watchdog: Arbitrum DAO’s Grant Misuse Bounty Program
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Voting type & platform: Offchain - Snapshot
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Vote: For
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Reasoning: We voted FOR this proposal. We are definitely in favor of this proposal as it means more security. As the DAO continues to grow, the risk of misuse of funds also increases, so the more eyes we have controlling those funds, where they go and what the recipients do with them, the better for everyone in the Arbitrum ecosystem. In this sense, we strongly support that the investigator’s task is rewarded on the one hand, and on the other hand that his/her identity is protected from negative consequences, considering that he/she does not do anything wrong, on the contrary, his/her valuable actions are done for the sake of the DAO. By implementing the proposed mechanism of protecting the identity of those who take action against the misuse of funds, we will not only keep a better eye on the wrongdoing of certain misguided actors, but we will also encourage these investigators or whistleblowers to continue their task without risk by also receiving a well-deserved reward.
We also approve the wording for the definition of misuse of funds provided by Entropy. It is concise and very precise, it also leaves no room for misinterpretation, which can be used by misaligned actors to act under the protection of a possible false meaning that can be derived from the definition itself.
Another reason to be in favor of this proposal is the fact that Entropy took into account the feedback we and other delegates provided. The changes that were made before this proposal was put to an off-chain vote are really valuable from our perspective.