Blockworks Research will be voting AGAINST this proposal on Snapshot.
Thank you to all the parties who have worked on this initiative. While this proposal includes several aspects that would likely have a positive impact on the growth of the Arbitrum ecosystem, we believe that the timing isn’t ideal, the deliverables and how they feed into each other could be explained with more clarity, and there is a risk of overlap with current as well as to be proposed investment initiatives.
Healthy competition between investment/accelerator programs is naturally beneficial to a certain degree. However, as the DAO is still in its infancy as a capital allocator and the budget is an open question, we believe there is a need to be particularly meticulous with how funds are allocated into investment programs. It makes sense to wait until an adequate overarching operational structure is put in place to better understand where there might be overlap and how Arbitrum will be able to receive financial returns from investments. Lastly, the total cost of this program seems too high to us, and more specifically, the large OpEx as a % of the funding request makes us believe that the cost structure requires reworking.