Most of my concerns were addressed with the clawback clause.
I hear from some voting against that the program is vague. Honestly, to set up a good program like this will take a lot of time, expertise and thoughtful reviews. The burden of DAO bureaucracy often creates a bad outcome.
They can do all this work ahead of time, and then something changes (e.g. market conditions, narrative opportunity) and they have to execute on it anyway, losing their chance to pivot, or worse, they do all this work and we vote it down… both ways create a lot of waste. Though the details are vague, the high level idea is clear, and it is seems like a great way to go.
I still believe the budget is quite large, and I would have loved to see some clear limits set on operational overhead (like a cap of 8% or something) but accountability has been established for the program’s successes and failures, and trust Entropy to do a good job.
I’m excited to see how these programs end up getting executed.