I carefully read the research proposals of each candidate and decided to vote for two (they both give interesting topics for research, 50% each):
PYOR Research
Llama Research & Castle Capital
I think the important topics are financial stability and attracting capital and projects to Arbitrum. The hourly rate is also important, it is acceptable for both projects.
Votes: 50% - PYOR Research 50% - Llama Research & Castle Capital
Platform: Snapshot
Overall, this is the general vision of Arbitrum - similar to what Lido has - a 1 and 2 year vision.
Now it will be possible to make a budget for the year, and not like now - just spend as much as we want.
This is not the plan itself, but the intention.
After approval, there will be discussions of specific goals.
The proposal to become a sponsor of ETH Bucharest 2025
2 options:
FOR, with POAP - $69,300
FOR, without POAP - $55,800
What I don’t like:
POAP, to be honest, is some kind of nothing for $14k.
I did not find such a sponsorship option in the official offer.
Sponsorship is taken at the maximum, although there are cheaper options.
I don’t like that there are no other sponsorship options in the vote
Arbitrum Foundation is already a sponsor of this event.
Like last year, there is some duplication, it is not entirely clear who is sponsoring what, are we paying twice for the same thing?
There are 30 initiatives in progress, of which about 10 require ongoing management:
DIP - $192,000.
Treasury - Entropy manager (receives $1.7 million for his work in Arbitrum), so expenses are $0.
Events 2025 - one of the Entropy managers, the others refused payment, expenses are $0.
Stylus Sprint - Entropy, expenses are $0.
ARB Staking - the manager is Tally, who is unlikely to let OpCo manage their project. $0
ADPC - $54,000
Subsidy Fund for Security - expenses are $60,000.
ARDC - the role of the manager is performed by the supervisory board (for which elections have just ended and Entropy was chosen), expenses are $60,000.
GCP - managed by the council, so OpCo will not be able to manage, costs - $0.
Arbitrum Ventures Initiative - costs $87,000, but it is not only management.
In total, all the main projects require $453,000 for management, and we are offered more than $4,100,000.
After the Arbitration validation funds were allocated in August, it was time to launch BoLD - an updated version of dispute resolution.
Finally, after all the audits and checks, it was time to launch this update.
Infura has already gone through this procedure at the Snapshot stage, so this vote is only an on-chain confirmation.
Despite the slow development of the program, I support it and it certainly brings profit, based on Dune’s data.
What I expected from this proposal:
I will repeat once again - I really like this treasury and it seems to me that there should be an end goal for it. That is, we must decide what % of the total treasury will be in this program. And also in how many years we should come to this amount (and why so many years, why not immediately).
also, will there be something other than RWA? There are many more profitable options for placing funds for stables. I would like to see some analysis of allocating some share of funds in this direction.
I hope that in the near future the authors of this program will show their thoughts on the future of the program
Interesting topic: a bounty program for monitoring grants.
If you find that some project is simply stealing money or not doing it for its intended purpose, you will be given money for it.
Plus some percentage of the money returned from that project.
Essentially, website support with all the necessary information.
Two big minuses:
Cost $19,200 per month (expensive, although they reduced it from $34,800). The general consensus of our community is that costs should be reduced even further.
There is no most important information for most users - where what incentives are for what projects. I am often asked where to look for this information and I directed them to this site, but there is very little information there.
By analogy with LIDO, goals for 1 and 2 years will be made.
A small form is ready for this, where everyone can send their goals with a detailed description.
Entropy will collect goals together and make a vote for these goals.
After this vote, there are 30 days to submit an application, and after the goal is accepted, it can be revised only after a year (but in exceptional cases, if some kind of fucked up thing happens, then it can be done earlier)
I like this initiative, but to be honest, I thought Entropy would put these goals up for voting. This option might be even better.
However, it is unclear how many competent and detailed goals there will be, since there are no incentives for this. It is worth thinking about, perhaps retrospectively.
Here they want to get 4 million dollars in salary for a job that now costs 500 thousand dollars.
There are detailed calculations in the thread above.
I still think that too high salaries spoil such a good proposal. The idea itself is good, but the abuse of salaries spoils everything.
We already commented on our vote at the Snapshot stage.
Since then, nothing has changed.
Even though I don’t agree with the amount (it should be higher), I agree with the program as a whole