Concerns Regarding Possible Misconduct by Synapse with Respect to the Usage of ARB Incentives Allocated Through the STIP

[SEEDGov]

This opinion is in our role as Synapse b.STIP Advisors:

hey @aureliusbtc, thanks for the explanations.

According to the STIP rules:

@tnorm

By streaming grant payments, the multisig will be empowered to hold grantees accountable to their proposals by halting fund streaming for any of the following reasons:

• Any use of funds not explicitly described in the grantees application.

and also:

@tnorm

Grants are not to be used in DAO governance.

Given that the distribution of the funds was not executed as outlined in the STIP proposal and that those funds were used to delegate to one of your team members, we believe that the STIP rules have been broken and thus, the 750K ARB must be returned to the DAO.