DeFi Renaissance Incentive Program (DRIP)

It would be best to swap out either Offchain Labs or the Foundation on the committee. One is beholden to the other via a service provider relationship, and given the 2/3 threshold to vote, this
could in practice just be instructing the Foundation to run this program.

This is inconsistent with Entropy being the party held accountable, since they could, in theory, object to every policy made and allocation planned.

If the threshold is to be 2/3, it’s important from a governance perspective that none of the parties be directly related entities. Governance would not generally favor a committee where one party is a service provider for the other, and this should be no exception. Given that Foundation is also custodying the funds and would be required to act on a clawback, it is probably Foundation rather than Offchain Labs that should be replaced with another member.

Alternatively, the committee could be expanded to be 3/5, but the easier solution is just to have three independent committee members.

This is especially important since the primary check on the DRIP committee is resorting to a full clawback. Governance has obvious no ability to alter the makeup of the committee as written, leaving funds revocation as the only action available (assuming the wallet empowers the governance contract itself to claw back funds rather than a “soft” assurance without technical or legal enforcement mechanisms.)

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