We want to first thank @aminiman and @danielo for their effort in bringing forward this proposal and communicating to address the questions from fellow delegates.
We have been in favor of continued experimentation and investment in the Arbitrum ecosystem and community through creative frameworks. This proposal is another example of an innovative idea on how the Arbitrum DAO can impact developers and those looking to expand the Arbitrum ecosystem. With that said, the DAO has also continued to struggle to appropriately allocate funds with regard to operating costs and reasonable requests such as the recent Catalyzing Gaming proposal where $25M was set for operating costs. This spending is unsustainable, and we must first execute and evaluate current funding initiatives to understand what costs are necessary and the best frameworks for continued incentivization of growth on Arbitrum.
This proposal has a lot of the right ideas, aligning with attracting new builders and ensuring current developer retention, but we agree with previous concerns that the current costs do not present a compelling opportunity for the DAO. Some specific issues with the proposal:
We appreciate the suggestion to create an Oversight Committee to ensure risk management, but the creation of another committee guarantees additional costs unless this is already included in the ‘Admin’ costs.
While there are significant processes that come with this undertaking, we do not see the DAO needing to step into the role of incubator, given the early signs of success with incentive programs and the continued experimentation underway such as the pilot for the Arbitrum Ventures Initiative
We look forward to continuing to work with the incredible group of partners that delivered this proposal and continuing the conversation, but we do not feel compelled to support it in its current form.