Hello Everyone,
Thank you to all of those who have provided feedback on this proposal.
It appears to us that the only qualm with this proposal relates to the Event’s Budget wind-down, rather than the idle funds of expired programs (the ADPC Security Subsidies and the ARDC v2). As such, we will be modifying this proposal such that the Events Budget remains intact per the original proposal, but that the funds are transferred to a wallet that earns yield while the funds sit idle. Entropy does not believe that entities outside of the AF or OCL should host large scale events, and that smaller events are better suited for the D.A.O. Grants program, but we would like to prioritize ensuring the assets at hand are earning yield while sitting idle instead of increasing the complexity of this proposal by attempting to dissolve the 2025 DAO Events Budget in one vote.
The proposal has been modified to reflect the above, and will be sent to Snapshot for vote on Thursday, July 24th.
Lastly, Max brought up the idea of transferring the ADPC Security Subsidies budget to the new audit program:
The Arbitrum Foundation was allocated 30m ARB (currently $13M) for this program, which we view as enough money to support this initiative. If the AF needs additional funds, we can allocate this capital to them in the future, but we might as well be earning yield on it in the interim.
On a side note: Any proposal authors seeking to utilize the 2025 DAO Events Budget moving forward will be held to an extremely high standard when it comes to winning Entropy’s vote, and we encourage other delegates to do the same.